Economy

The Bottom Line on an Upbeat Market

Ever heard the phrase “damned with faint praise”? That’s what continually came to mind about the state of the housing recovery as journalists and industry representatives came together here for the annual conference of the National Association of Real Estate Editors. It was one big “yes, but” discussion. Short version: The consensus was that the …

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One of the Biggest Segments of Home Buyers is Still Missing

While there is growth in the housing market, many real estate professionals have noticed something missing – first-time home buyers. The slow pace of the job market has made young adults, who make up the bulk of the first-time home buyer market, stay comfortable with living with their parents. Nearly 3 million more young adults …

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Housing Affordability Still Remains High, Despite Rising Home Prices

Home prices in 150 U.S. cities saw their biggest year-over-year gains in more than seven years in the first quarter of 2013, but affordability still remains high in most markets, according to the National Association of Realtors (NAR).  The NAR reported that the national median price for an existing, single family house was $176,600 in …

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Ever Been to a Home Auction? Here's Your Chance

Want Chicago real estate? Why not buy it through an auction? A Hudson & Marshall residential auction of approximately 60 Chicago-area, bank-owned homes will take place on Thursday, May 20 at 1 p.m. in the Hilton Chicago in Northbrook. All properties, located in the city and surrounding suburbs, are being sold “as-is,” so it’s important …

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