By Peter Ricci We’ve been exploring the rapidly falling housing inventory for some time now, and though analysts have offered explanations for the decline, we had not yet seen a consumer-driven survey on the issue – until now with Redfin’s Real-Time Home

Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), announced that it has launched the new MREDLLC.com. This redesigned website gives real estate professionals across the Midwest a more interactive and user friendly site with which to learn

It was more than a month ago that Bob Floss, then the president of the Chicago Association of Realtors (CAR), was relieved of his position, and that Zeke Morris, the association’s president elect, assumed the presidency early. But now,

By Carlo Calma Batman’s bat signal has made its way from Gotham City to the quiet suburb of Hinsdale, as a home located on 510 Woodland Ave. has his emblem splashed across the bottom of the home’s pool. The

By Peter Ricci The other day, we looked at some of the top condo sales in Chicago real estate so far in 2012, and now, we’re back to analyze the single-family home side of the market. In an analysis

By Peter Ricci According to new reports from RE/MAX, homes sales in the seven-county Chicago real estate market increased 29 percent in July year-over-year. In addition, and perhaps even more optimistically, for homes sold in July 2012, the average

By Peter Ricci The National Association of Home Builders latest Home Builders/Wells Fargo Housing Market Index (HMI) rose for the fourth consecutive month in August, reaching its highest point in more than five years. A measure of builder confidence for

By Peter Ricci Housing affordability was one of the hidden jewels of the post-boom housing market, as falling home prices offered prospective buyers one of the best opportunities in decades to enjoy the benefits of homeownership. As the latest

By Peter Ricci Housing starts in July were up 21.5 percent from last year, according to the latest joint report from the U.S. Census Bureau and the Department of Housing and Urban Development. Additionally, building permits, which are the

By Stephanie Sims They say real estate is a great investment, but we’re not sure they meant entire towns of real estate. According to the Huffington Post, quite a few people have named the right price and bought themselves

By Peter Ricci It was just last week that Mitt Romney announced Wisconsin representative Paul Ryan as his  running mate for the 2012 election, and already, analysts and journalists alike are combing through Ryan’s voting records and position statements

By Peter Ricci New household formation increased by 125,000 year-over-year in 2012’s second quarter to 74.8 households, and amidst those increases, one ethnic group stood apart: Hispanic homebuyers. While white and black households declined (by 649,000 and 81,000, respectively),

By Ian McKendry Want to know the latest housing numbers but don’t know where to look or have the time to check? The Census Bureau just released a free app called America’s Economy that makes it really easy. As

By Peter Ricci 2012 has been a great year for Chicago real estate, with its Case-Shiller home price, year-over-year sales data, and now, condo sales, posting their best results in some time. Indeed, after going 11 months without a single

By Peter Ricci The National Association of Realtors’ Confidence Index Report (RCI) is one of the broadest measures around for Realtor business, and the latest index’s finding on average listing time seems to be one of the most optimistic

By Peter Ricci Foreclosure filings in July fell by 10 percent from a year ago, according to the latest U.S. Foreclosure Market Report from RealtyTrac. Encompassing default notices, scheduled auctions and bank repossessions, there were 191,925 filings in July,