Michael Pierson and Chris Eigel, principals of the prestigious Chicago-area real estate firm Prudential Rubloff Properties, have appointed Ben Gerstman to the position of managing broker of the firm’s Northbrook office located at 1143 Church Street. “Ben is celebrating

New residential home sales were nothing but positive in May, with sales posting both monthly and yearly increases. The new construction market continued its recovery in May, with sales of new single-family homes rising 2.1 percent from April to

Related’s acquisition of debt increases the likelihood of future projects on the Chicago Spire site Related of New York has agreed to buy the discounted debt on the stalled Chicago Spire condominium property, which was supposed to be North

No industry was more affected by the housing slump than construction, but 10 markets in the U.S. have robust construction markets; is Chicago one of them? Though nearly every industry in the U.S. was impacted by the economic downturn,

Magellan Development’s Coast Tower, a 51-story residential building located in Chicago’s New East Side at 345 E. Wacker Drive, reached 50 percent occupancy, topping the leasing rate of all previous buildings in the 28-acre community adjacent to Millennium Park.

Standard & Poor’s Case-Shiller Home Price Indices put up smashing numbers in April, and here in Chicago, the situation was similarly promising. Chicago home prices rose 2.7 percent from March to April in the latest Case-Shiller Home Price Indices

NAR’s existing-home sales report for May, which came out last week, offered a very interesting glimpse at where housing is right now in its recovery. Last week’s existing-home sales report from the National Association of Realtors was a smorgasbord

According to Best Rate Home Loans, many metro areas, including Chicago, Miami and Boston, are outweighing the national market in their offerings of discounts on foreclosed homes. This comes at a time when the economy and housing market are returning

International homebuyers represent a huge opportunity for real estate agents today, though some cities appeal to foreigners more than others. It’s no mystery that foreign homebuyers make up a hefty chunk of business for many real estate professionals today.

Though NAR’s latest existing-home sales report was, for all intents and purposes, quite positive, it reaffirmed that problems lie with inventory and prices. The latest existing-home sales report from the National Association of Realtors (NAR) was quite positive, with

MREDpalooza was a super-success! That was the consensus of the attendees, sponsors and exhibitors as told to the staff of Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), host of the event. MREDpalooza, which took place on

May was a very strong month of real estate for the city of Chicago, with both home sales and home prices posting great gains. Home sales in the nine-county Chicago Primary Metropolitan Statistical Area rose 29.3 percent in May year-over-year

May was another sterling month for new construction, with housing starts rising by nearly 30 percent from the year before. The U.S.’ new construction marketplace continued to recover in May, with housing starts rising 28.6 percent year-over-year to a

The National Association of Hispanic Real Estate Professionals (NAHREP) installed several new members to its board of directors. It was held at the clubhouse in Oak

The National Association of Home Builders’ Housing Market Index hit a major milestone in June, passing the holy 50 threshold. June was a banner month for homebuilders, with the National Association of Home Builders’ Housing Market Index, the key

Housing inventory seems to be picking up on the national stage, but what about specific metro areas, like our beloved Chicago? The nation’s housing inventory has been one of the most hotly followed aspects of the housing market in