Category: Market updates
U.S. sales of new homes fall
Sales of new homes fell 6.4 percent in July to a seasonally-adjusted annual rate of 1.134 million units, down from a revised June rate of 1.211 millio [...]
Mortgage rates rise slightly
The average 30-year fixed-rate mortgage rose slightly this week to 5.82 percent, up from 5.81 percent last week, according to Freddie Mac's Primary Mo [...]
Housing starts fall amid rising rates
U.S. housing starts fell in June as rising interest rates put the breaks on a booming housing market.
Builders broke ground at a seasonally-adjusted [...]
Cook County votes for tax break
Cook County has opted into a new property tax law that will limit annual increases in assessed valuation to 7 percent on residential property. County [...]
Mortgage rates down slightly
The average 30-year fixed-rate mortgage stood at 6.01 percent this week, down from last week, when it was 6.21 percent, according to Freddie Mac's Pri [...]
Real estate firms cash in on boom
Real estate firms have become more profitable during the recent real estate boom that set home sales records for three straight years, according to a [...]
Mortgage rates down slightly
The average 30-year fixed-rate mortgage stood at 6.25 percent this week, down slightly from last week, when it was 6.32 percent, according to Freddie [...]
Hollinger sells stake in Trump Tower
Hollinger International is selling its stake in the joint venture to redevelop the Chicago Sun-Times building into Trump International Hotel & Tower f [...]
NAR: April home sales near record
Sales of existing single-family homes rose 2.5 percent in April, the third consecutive increase in a row and the second-highest pace on record, accord [...]
It's official: Chicago homes unaffordable
As if you needed confirmation, housing in Chicago is becoming officially "unaffordable," according to a new report by the Fannie Mae Foundation. Housi [...]
IL Senate approves tax relief plan
The Illinois Senate has approved a measure that could put the brakes on property taxes in communities with rapidly rising home prices. The bill, which [...]
Housing starts fall in April
U.S. housing starts fell in April but construction permits were up in a sign that new home sales were likely to remain strong.
The U.S. Commerce Depa [...]
Homeownership falls for "working families"
Homeownership among working families with children has fallen in recent decades even as the overall population has seen a rise in homeownership, accor [...]
Mortgage rates drop slightly
The average 30-year fixed-rate mortgage stood at 6.3 percent this week, down from last week when it averaged 6.34 percent, according to Freddie Mac's [...]
Mortgage rates continue to rise
Continuing a nearly two-month climb, the average 30-year fixed-rate mortgage was 6.12 percent this week, up from last week's average of 6.01 percent, [...]
IL House approves tax relief plan
The Illinois House has approved a measure that could put the breaks on property taxes in communities with rapidly rising home prices. Under the bill, [...]
U.S. home sales rise in March
Sales of homes in the U.S. rose sharply in March as buyers nervous about rising interest rates got off the fence to lock in cheap money.
Sales of new [...]
Mortgage rates continue sharp rise
Continuing its upward climb in the face of improving economic news, the average 30-year fixed-rate mortgage stood at 5.94 percent this week, up from l [...]
IL Senate votes for property tax relief
The state senate has approved a measure that would provide homeowners with temporary property tax relief, following the lead of the Illinois House, wh [...]
Builder confidence up in April
Builder confidence in the market for new single-family homes rose strongly in early April, according to the National Association of Home Builders' lat [...]