News / Features
Another day, another hugely optimistic analysis for rental demand in the U.S. real estate market. FirstService Residential Realty, the nation’s largest residential single-family property management company according to HousingWire, is the latest to throw its hat in the ring,
1.82 million Currently, there are approximately 1.82 million homes for sale; that’s a decline of 8.5 percent from December and 21.6 percent from a year ago, and housing inventory is now at its lowest level since May 2005. Will
Everywhere you look nowadays, the housing market is showing improvement. Home prices are increasing, home sales and housing inventory are stabilizing and even homebuilding is beginning to pick up. Yet, amidst all those signs of recovery, one sign of
The housing market’s effect on the general economy – or, the “spillover effect,” as its called by some – is often the trump card among housing analysts when debating the merit of real estate, the fact that though a
Chicago home prices bounced back in a respectable way in the November Case-Shiller Home Price Indices, increasing 0.8 percent year-over-year and reversing an unfortunate trend of falling home prices for the city, according to the latest release from Standard
The Realtor Party was something new from the National Association of Realtors (NAR). Though the famously democratic group was already one of the most active lobbying groups in the U.S., the Realtor Party made the association’s political influence official,
The Pending Home Sales Index from the National Association of Realtors (NAR), one of the best indicators in housing for future home sales, posted strong numbers in December, increasing 6.9 percent year-over-year in
The Internet has produced an interesting evolution in modern shopping behaviors. Because shopping on the Web is so exceedingly easy, it’s become quite common for consumers to find something they want to buy, and then sleep on it –
MRED found that the most popular loans used last year were conventional loans, at 43.8 percent, and that cash sales were next highest, at 37.3 percent. The total number of properties closed in Chicagoland in 2012 was 7,445, and
The Consumer Financial Protection Bureau (CFPB) topped off a week of mortgage rule rollouts by launching the agency’s guidelines for loan officer and broker compensation Friday. Among other provisions, the CFPB’s final rule keeps originators from steering borrowers into
According to the National Association of Realtors’ (NAR) Housing Affordability Index, 2012 fared well compared to previous years. The trade group made an important distinction, noting that though the affordability conditions mark “a great year for buyers who could
Existing-homes sales eased in December, while limited inventory maintained the upward momentum in home prices. Total existing-home sales declined 1.0 percent to a seasonally adjusted annual rate of 4.94 million in December from a downwardly revised 4.99 million in
According to the fourth quarter Zillow Home Value Index, home values rose 5.9 percent in 2012 to $157,400, and 2.5 percent from the third quarter, marking the fourth consecutive quarter of home values rising. Zillow forecasts home values will
Home sellers, though increasingly confident with the real estate market, are continuing to hang tight and wait for further improvements to the real estate market before listing their properties, according to the latest Real-Time Seller Survey from
At last week’s Inman Real Estate Connect in New York City, it was announced that Russ Bergeron, Chief Executive Officer of Midwest Real Estate Data LLC (MRED), has again been selected as one of the top 100 most influential
New single-family home sales in 2012 increased 19.9 percent over 2011, as the homebuilding market concluded its most productive year of business in some time. According to the latest Census Bureau figures, new single-family home sales were also up