Two more apartment developers are jumping in on the Chicago apartment craze, as Chicago Real Estate Daily reports that Optima, in a joint venture with Tampa-based DeBartolo Development LLC, and Habitat Co. will be constructing apartment complexes in Streeterville and

Housing starts increased in October by 16.5 percent, year-over-year, to a seasonally adjusted rate of 628,000, according to the most recent data from the U.S. Census Bureau and the Department of Housing and Urban

Fannie Mae released its third quarter balance sheets a couple weeks ago, and the $5.1 billion loss – accompanied by a plea for $7.8 billion in additional government financing – chaffed more than a few observers, leading to further

The National Association of Realtors has released its 2011 Profile of Home Buyers and Sellers, a survey of 5,708 home buyers and sellers that studies the demographics and features of both the individuals involved and the properties they were

The National Association of Home Builders/Wells Fargo Housing Market Index (HMI), which gauges home builder confidence for single-family home construction, rose for the second straight month, increasing by three points in November to a total of 20. With October’s

The numbers are in: rents at high-end apartment buildings went down in the third quarter – the first dip in almost two

Brokerage president and chairman Michael Pierson announced that Julie Major has joined the Wheaton office of Prudential Rubloff

After weeks of deliberation and endless hours of lobbying from the National Association of Realtors and other interest groups, Congress has finally agreed upon a resolution for raising the limits of federal conforming home loans, according to a new

The grand opening for architect and designer Sarah Susanka’s “Not So Big Showhouse” will take place in Libertyville Saturday, and will be prefaced by an invite-only broker’s open tomorrow. A soft opening was held last Saturday, with the architect

An Oct. 31 study by Moody’s recently pinpointed homeowners with jumbo loans as a greater default risk than any other type of borrowers, including even risky subprime mortgages. Basing its claims on an analysis of of the nation’s mortgage-backed bond portfolios,

The Federal Housing Administration (FHA) released its annual financial report to Congress earlier today, and surprisingly, it boldly contradicts recent claims from academics and news outlets regarding the government agency’s solvency. According to a recent Wall Street Journal piece that

Economists at the National Association of Realtors’ (NAR) annual conference, currently underway in Anaheim, California, expect to see gradual improvements in the housing market throughout 2012. Existing-home sales this year have risen 4 to 5 percent, and new home

The auction of the French-inspired Winnetka chateau Le Grand Reve didn’t go as well as expected for the estate’s owners, in an update on the mansion’s auction that took place on October

The Federal Reserve Bank of New York, as a part of what is commonly being referred to as “Operation Twist,” purchased $5.5 billion in mortgage-backed securities for the week of November

The robo-signing scandals of 2010 sent shockwaves through the lending industry, as national banks, burdened with the considerable weight of thousands upon thousands of foreclosures, short sales and other distressed properties, attempted to reconcile their balance sheets as quickly

After a brief sabbatical, the 30-year FRM is back in familiar territory, falling below 4 percent for the second time in as many months. Motivated by the Federal Reserve’s “Operation Twist,” which involves the Fed buying billions of dollars