News / Features

HomeFinder: Winnetka No. 4 Luxury Suburb in the U.S.

According to a new study by HomeFinder.com, Winnetka is among the top suburban luxury housing markets in the nation. There’s one point for the North Shore! In its latest housing analysis, HomeFinder.com looked at suburban luxury housing markets, and

NAHB’s Improving Markets Index Soars to 291 in September

The NAHB’s Improving Markets Index has been closely tracking the housing recovery, and it put up some its best numbers yet in September. The National Association of Home Builder’s Improving Markets Index, one of the leading measures of the

How Many Negative Equity Properties Remain in Chicagoland?

The nation’s mortgage markets have improved dramatically in the last five years, but how many negative equity properties linger here in Chicagoland? More than eight million homeowners are own the verge of reaching positive equity, according to the U.S.

Cash Purchases Of Residential Properties Remain High In Cook County

Taking out a mortgage in order to purchase a residential property is no longer the default choice for Cook County buyers, who along with the rest of the country are making more and more cash purchases. Last year, 46.5

Apartment Construction in Chicago Up 53% in July

Residential housing construction put up some smashing numbers in July, according to new data from McGraw-Hill. Another month, another set of data confirming the apartment boom here in Chicago. According to new analysis out from McGraw-Hill (and cited by

Government Planning Another Reduction in Fannie/Freddie Loan Limits

After decreasing the loan limits for Fannie Mae and Freddie Mac in 2011, it appears the government is prepping for another mandated decline. In an effort to further lessen the government’s role in the housing market, federal officials are

Homeownership Rate Decreases From Five Years Ago

The homeownership rate has been on a steady decline the last five years, but will that trend continue? The homeownership rate has decreased in the last five years, according to Census Bureau data, and as a result, renting has

Neena Vlamis of A & N Mortgage Named Top Mortgage Originator

Neena Vlamis, president and co-owner of A & N Mortgage Services, Inc., was ranked in Scotsman Guide magazine as one of the Top 200 Mortgage Originators nationally and one of the Top Three Woman Originators in Illinois. Scotsman’s Guide received

5 Ways that Rising Mortgage Rates Have Impacted Consumers

Much has been written about how rising mortgage rates will impact the housing market, but now we have a glimpse at how they’re affecting consumers. The dramatic rise in mortgage rates has been the major story in housing this

CoreLogic: Foreclosure Inventory Down 20 Percent in July

The latest National Foreclosure Report from CoreLogic highlighted a number of positive developments in the nation’s mortgage markets. The nation’s mortgage markets continued to improve in July, according to the latest National Foreclosure Report from CoreLogic, with foreclosure inventory,

Chicago Asking Prices Soar 12.2 Percent in August

Asking Price growth appears to be slowing nationally, but that was hardly the case here in Chicago, according to new research from Trulia. Chicago’s for-sale market continued to outpace its rental market in August, according to the latest Price

Robert J. Buford To Be Inducted To CAR Hall Of Fame

Many people wouldn’t dare start a company in the midst of a recession, but the aggressive decision to do so by Robert J. Buford, founder of Planned Realty Group, has paid off. Now, three decades after launching PRG, his

The 10 Most Populous Hispanic Communities in the U.S.

The Hispanic population in the U.S. has grown by leaps and bounds, as has its importance on local housing markets; where are Hispanics most concentrated? Hispanics represent a growing part of the U.S. population, and are inarguably the hottest

Census Bureau: Construction Spending Jumps 5.2 Percent in July

Construction spending increased again in July, with residential construction leading the way. Construction spending in July continued its strong 2013 comeback, with overall construction activity rising 0.6 percent from June and 5.2 percent from July 2012 to a seasonally

Koenig & Strey Adds to its Lincoln Park, Chicago-Webster Street and Gold Coast Offices

Koenig & Strey Real Living Real Estate had a busy week before the holiday, adding a new team member to three different offices before Labor Day Weekend. According to a recent press release, Shay Hata, a Lakeview resident, joined

CoreLogic: Home Prices Up 12.4 Percent in July

The nation’s home prices continued to improve in July, with the latest Home Price Index from CoreLogic posting fantastic year-over-year numbers. Home prices continued their double-digit performance in the CoreLogic Home Price Index, rising 12.4 percent year-over-year in July. That

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