housing market

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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Chicago and Illinois Home Sales Rising

According to the Illinois Association of REALTORS®, Illinois home sales rose by 24.4 percent year-over-year in May and median home prices increased 6.9 percent. Statewide home sales, including both single-family homes and condominiums, totaled 15,091 homes sold in May 2013, up from 12,130 in May 2012. This marks the strongest May since 2006, when 17,622 …

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A Week Later: Your Thoughts on the Housing Market?

Chicago and the U.S. received another round of gloomy forecasts for the real estate market last week. According to the Equifax Personal Finance Blog, a wide array of different sources confirmed the bad news for American homeowners, would-be buyers and the housing market as a whole. Real estate expert Ilyce Glink reported this news in her …

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Builder Confidence in New Construction Up for Second Straight Month

Last night on the radio I heard a report that the builder confidence index regarding new home construction was coming out today and that experts expected bad news. I’m happy to report that they were wrong. The National Association of Home Builders/Wells Fargo Housing Index (HMI) for November did in fact come out today, but …

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College Quiz: In Which City is the Best to Live for Recent Grads?

There’s a book that ranks the best top 10 cities for recent college graduates. Take a guess as to what city got the top spot. You’re right, it’s Chicago. The authors of “Gradspot.com’s Guide to Life After College” gave our fare city the Gradspot.com rating of 95 points out of a possible 100, focusing on …

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