Pending home sales in the U.S. reached a seven-month high in February, which was a nice rebound from January's disappointing numbers. It's an indication another strong spring selling season could be in the offing. The National Association Realtors reported its pending home sales index increased by 3.5 percent month-over-month in February. This surpassed analysts expectations. Read more
A study of the luxury housing market in Chicago found the number of homes that sold for at least $1 million in the Windy City increased by 8.0 percent in 2015 from a year earlier. According to an analysis by RE/MAX, there were 2,353 luxury homes sold in metro Chicagolast year. While the number of Read more
The performance of the Chicago real estate market in 2016 will be driven by baby boomers and millennials. That's according to Chicagobusiness.com, which recently took a comprehensive look at the roles the nation's two largest adult population groups will play this year. As Chicagobusiness.com points out, millennials and baby boomers are critical for Chicago real Read more
Marketwatch, as part of its New Year's coverage, recently provided a well-researched and reported forecast of the four real estate trends that will shape the market in 2016. It's really a good read and well worth the visit. The piece features no shortage of pertinent takeaways that can be applied to the Chicago real estate Read more
The Chicago housing market is the most undervalued of the world's largest cities, according to a new report that measures the threat of housing bubbles in various big cities across the globe. The cities facing the biggest threat of a housing bubble are London and Hong Kong. The UBS Global Real Estate Bubble Index found Read more
Properly preparing your home for sale is an arduous process. There is a seemingly endless to-do list that can be filled with potential pitfalls. Here are some of the mistakes you will want to avoid when selling a home. Listing Your Home Too Quickly—You will want to be sure you are fully aware of the Read more
Pending home sales in the U.S. rose just slightly in July and the increase was less than forecast, which could indicate the red-hot housing market could finally be leveling off. According to the National Association of Realtors forward-looking Pending Home Sales Index—which measures signed contracts for purchases of previously owned home, home sales increased by Read more
April was a big month for the housing market in Chicago, as the number of home sold was up 7.5 percent from a year earlier and the median price of a home in Chicago jumped 11% to $210,000. In April, there were 9,037 units sold in the Chicago area. All seven-counties that make up the Read more
Frank Lloyd Wright's Henderson House in Elmhurst. Frank Lloyd Wright (1867-1959) is one of the most acclaimed and well-known architects in U.S. history. For more than a century now, his designs have dotted the landscape of Chicago, the city where he started his career and first gained accolades. Wright and his self-described style Read more
A recent Consumer Reports survey of 330 real estate professionals painted a clear picture on what can be done to ensure you receive top dollar when deciding to sell your home. With the busy spring selling season here, let's see what the survey says. First, you will want to leave yourself plenty of time to Read more