Housing inventory has fallen at a precipitous rate, but could relief finally be approaching? New research from Zillow suggests it just might. There are currently two universally acknowledged truths about the U.S. housing market – one, that the market

The primary lender on the failed Chicago Spire development hired a broker to sell nearly $93 million of debt on the high-profile site. The development, a deep hole along Lake Shore Drive and the Chicago River, has sat untouched

Illinois’ 30-30-30 laws have been a huge benefit for the state’s distressed homeowners, and it’s looking like the provisions will be renewed through 2016. The Illinois Senate last week passed a bill that would extend the state’s 30-30-30 protections to

In the wake of the housing crisis, some nasty myths regarding homeownership have been making the rounds, but they’re just that – myths. During the economic downturn, the concept of homeownership endured quite a bit of mudslinging from numerous

RealtyTrac’s latest analysis of the U.S. foreclosure markets found many positive developments, though there still remains work to be done. The foreclosure markets continued their slow, steady improvement in the latest U.S. Foreclosure Market Report from RealtyTrac, though foreclosure

Mortgage Master, a super-regional mortgage bank and one of the country’s largest privately-owned mortgage companies, today announced the hiring of Karen Menza as regional operations manager to lead the company’s Midwest operation

NAR’s 2013 Profile of Buyers’ Home Feature Preferences features plenty of details on what homebuyers want in new homes – and how much they’ll pay for them. The National Association of Realtors’ 2013 Profile of Buyers’ Home Feature Preferences is one

“Flash sales,” homes that sell in 24 hours or less, have taken serious hold in a select number of markets throughout the U.S. – Chicago among them! According to new research from Redfin, a most unusual phenomenon is currently

What do homebuyers really want? The answer, the NAHB discovered, depends in large part on what kind of home that buyers are looking for. The National Association of Home Builders (NAHB) recently conducted a consumer survey to find out

A new rating system from the Mainstreet Organization of Realtors will provide a comprehensive system for rating Realtor performance. The Mainstreet Organization of Realtors (MORe) announced a new program that will provide consumers in the Chicago suburbs with a

NAR’s 2013 Profile of Buyers’ Home Feature Preferences has detailed, with impressive specificity, what homebuyers want in their new homes. Understanding key real estate trends is important, and what amenities, preferences and features today’s homebuyers are pursuing in new

Though today, many housing markets are considered “affordable,” how does our fine city compare to the nation’s most affordable housing markets? Housing affordability is a major selling point for any housing market. After all, if you’re going to succeed

News for the housing market has been uniformly positive since the dawn of the New Year, and an ActiveRain survey finds that optimism has spread to agents. Real estate agents have been a strangely absent component when it comes

It’s no mystery that Chicago is taking a little bit longer to recover from the housing downturn than most cities, but five specific markets are doing just fine. The Chicago housing market in the last year has been somewhat of

You may think real estate in your market is pricey, but new research from Knight Frank finds that with one exception, the U.S. has got nothing on the international real estate scene. The real estate market in New York

Though the housing market is finally hitting its recovery stride, a University of Utah researcher suggests another housing crash will take place in 2020, and from a most unlikely source – senior citizens. Early last year, the housing market