Freddie Mac released its Quarterly Product Transition Report today, and the report contained several findings on home refinancing, most notable that in the second quarter of 2011, fixed-rate loans accounted for about 95 percent of refinance

The Department of Commerce released data today on housing starts, showing a housing market  that, despite some low numbers, is showing signs of

The Federal Reserve Bank of New York today released its latest report on consumer credit, stating that credit continues to improve in the wake of the 2008 economic

K. Hovnanian Homes will celebrate the grand opening of Regency Estates in St. Charles on Saturday, Aug. 20,

In an effort to combat the frequently negative reports on the U.S. housing market, the National Association of Home Builders (NAHB) is crafting a new index that emphasizes growing and positive aspects of the

Prudential Rubloff now offers a mobile application that allows users to download the app to their phone and view homes for sale in the Chicago

According to LeapRE, the top 10 brokerages in terms of business volume haven’t seen very many changes from 2010 to 2011 – but there have been a few shake-ups that occurred during the first six months of 2011. Koenig

Q: How have agent review sites, social media and/or real estate forums impacted the real estate industry? A: Whether as a mortgage banker or real estate consultant, our clients have always given “reviews” of our performance in the forms

There appear to be signs of life in the West Loop, Hyde Park and even Cabrini Green. The Architects Newspaper reports that three new construction projects are hoping to break ground soon in all three

Developer William Senne faces a $6.4-million lawsuit over a business loan backed by 11 of his properties. First Midwest Bank N.A. filed a foreclosure lawsuit last month against a venture managed by Senne. First Midwest Bank N.A. is alleging

America’s real estate market could be on an “unsustainable path,” faced with an oversupply of homes inaccessible to either renters or buyers. That’s what three Morgan Stanley analysts argue in a recent paper that outlines steps that can be

Fall and the back-to-school season is often characterized by parents and students getting last-minute school supplies, books and, for college-bound students, all the dorm necessities. However, this year, parents with college-age students may consider a different kind of bac-

Standard and Poor’s Rating Services (S&P) recently downgraded Fannie Mae’s and Freddie Mac’s credit rating from AAA to AA+ because it’s linked to the long-term debt of the U.S. S&P previously downgraded the U.S.’s credit rating to AA+ as

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