This year’s Illinois Association of Realtors second quarter report shows home sales are down 18 percent from last year and the median home price of $142,000 is also down 11.3 percent from $160,000 in the second quarter of 2010.

Freddie Mac reported $27 million in expenses for maintaining and reselling REOs in the second quarter, as opposed to the $257 million reported for the previous

The seasonally adjusted rate of new home sales in the Chicago area fell in the second quarter. Down 7.8 percent from a year earlier, according to Crain’s, experts don’t predict to see much change in housing trends until

Despite the nation’s credit downgrade, the Federal Housing Finance Agency assured investors that securities issued by the Treasury and other government-sponsored enterprises (GSE) are still

A recently passed ordinance, which includes the bank who lends the property owner the mortgage, or the mortgagee, as a property owner and responsible for upkeep on abandoned properties, is being argued by many for its violation of the

After losing $8.7 billion in the first quarter, Fannie Mae has reported a loss of $5.2 billion in the second quarter. Fannie Mae still owes the Treasury $104.8 billion, but now the Federal Housing Finance Agency is requesting another

Interest in renting a home has increased dramatically and brokers need to be up to date on prices and availabilities of properties near them. RentJuice.com has a database of more than 15,000 rental properties in the Chicago land area

Late last month Hovnanian Enterprises Inc.’s Town & Country Homes Inc. acquired a batch of distressed residential lots in a North Aurora subdivision. This is the home builder’s fourth Chicago-area acquisition in the past six

Earlier this year, CIVIX-DDI, LLC sued Realtor.com and subsequently the Multiple Listing Services by way of the National Association of Realtors (NAR). The suit with Realtor.com named CIVIX’s patent on ““systems and methods for remotely accessing a selected group

By Amanda Clayton After raising almost $100,000 last year in charitable funds, the Coldwell Banker Charitable Foundation is donating the $94,000 to 23 different organizations to support housing related causes in the Chicago, DuPage and Milwaukee region. These organizations

RE/MAX has increased its market share and is now ranked second place among real estate brands that do business in

Warren Baker, president of Chicago-based Baker Development Corp., has agreed to purchase the unsold units in two stalled condo conversion projects in

Earlier this year, Federal Housing Association (FHA) seemed to be in a steep hole when it came to the REO inventory. However, a recent report shows that FHA has sold a record number of REO in June, breaking the

The Market Composite Index shows that the measure of mortgage loan application volume has increased 7.1 percent this week, while similar numbers have moved up and down. According to Mortgage Bankers Association’s weekly applications survey for the week ending

Sertus Capital Partners developer unveiled plans detailing how the company will reinvent a high-profile corner in downtown Oak

The Chicago-area home vacancy rate has dropped to 3.6 percent in the second quarter, down from 4.3 percent in the first quarter, but don’t let that fool you. Numbers are still high and home vacancies are still apparent across