News / Features

3 Reasons Not to Freak Out About the Weak New Home Sales Data

The Census Bureau’s latest report on new home sales was a bit weak, but that does not mean that the sky is falling. We’ll get the bad news out of the way first: the sales of newly built single-family

Chicago Posts Best Price Increases in 26 Years in Nov. Case-Shiller

November 2013 was a good month for home prices in Chicago, according to the latest Case-Shiller report Home prices in the Chicagoland housing market rose 11.0 percent year-over-year in Nov. 2013, the strongest yearly increase for the market since

Compared to Int’l Markets, Real Estate in Chicago is a Steal

We may complain about high housing costs in the U.S., but internationally speaking, we don’t have a leg to stand on. It’s a common complaint among consumers that their rent/mortgage payments are too high, but if they only knew

The 7 Costs of a Single-Family Home’s Construction

We’ve looked at how newly built homes are priced and how those prices have changed in recent years; now, we look at costs. The last couple weeks, we’ve looked at both how a single-family home is priced and how

What Were Chicagoland’s 10 Busiest Suburban Housing Markets in 2013?

2013 was a great year for real estate in Chicagoland, but what suburban marketplaces put up the best numbers? The year of 2013 was a great one for Chicagoland real estate, with home sales rising 23.0 percent and median

QM Rule Compliance to Drive ‘Free Agent’ Hiring in 2014

This is the “Year of Originator Free Agency,” where because of the qualified mortgage rule, loan officers will be able to dictate terms and conditions to current potential employers, one recruiter states. On the other hand, there is a

What Could Become of Fannie and Freddie?

The consensus at this year’s Asset Backed Securities (ABS) Vegas conference seemed to be that you can look for GSE reform in 2014 – but optimism won’t equal results, the panelists warn. Here are a few highlights of the

What Percentage of Chicagoland’s Home Sales are All-Cash?
Shadow Inventory Lingers Due to Liquidation Timelines

Shadow inventory volume has decreased progressively in the last several months, but it does not appear this portfolio of loans will fully clear for at least another couple of years. In 2013, the volume of distressed non-agency mortgages dropped

Foreclosure Filings Drop 26 Percent

Foreclosure filings plummeted 26 percent from 2012 to 2013, with 1.4 million actions recorded last year – the lowest annual total since 2007. Default data firm RealtyTrac published those numbers Jan. 16 in its Foreclosure Market Report, noting that

Chicago 9th Most Popular Market for Foreign Homebuyers

Foreign homebuyers have been one of the more interesting developments in U.S. real estate in recent years, especially here at home. Chicago was the ninth most popular real estate market for international homebuyers in Nov. 2013, according to analysis

What Salary is Needed to Buy a Home in Chicago?

How affordable is our city’s housing market, when we view the topic from a salary-centric perspective? With nationwide interest rates on the rise and home prices jumping aggressively in certain marketplaces, housing affordability has once again become a hot-button

Chicagoland Home Sales Spike 23.0% in 2013

Last year proved a very important one for Chicagoland real estate, according to end-of-year analysis by IAR. Home sales in the nine-county Chicagoland area rose 23.0 percent in 2013 over 2012 to a total of 111,427 sales, according to

RealtyTrac: Chicago Foreclosure Filings Down 20% in December

Chicago continues to make progress with its foreclosure markets, according to new analysis by RealtyTrac. In December, foreclosure filings in Chicago were down 20 percent year-over-year, though they were up 22 percent from November, according to the latest numbers

Fran Broude Named One of the Most Powerful People in Residential Real Estate

Fran Broude, Coldwell Banker’s President and COO for Chicagoland and Milwaukee, has recently been named to Swanepoel’s list of “Most Powerful People in Residential Real Estate” in 2013. Broude ranked #82 out of 200 executives, and was also included on the

6 Nuances to the Latest New Construction Numbers

The year of 2013 was a promising one for new residential construction, though there remains considerable room for improvement. We’ll start with the good news: housing starts in the U.S. were up 18.3 percent year-over-year in 2013 and building

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