Everyone knows that newly built single-family homes have become quite pricey, but the exact numbers are still eye-opening. We’re no strangers to the rising costs of new homes, here at Chicago Agent. Every month the past few years, we’ve been

 As things stand, Baby Boomers could be facing a serious housing crunch as they continued moving into retirement. The increasing difficultly Millennials face on the path towards homeownership has been a popular subject in the real estate industry as

 Asking prices continued their ascent in August, according to new numbers from Trulia. Asking prices in the Miami area rose 15.6 percent year-over-year in August, according to the latest Price Monitor from real estate website Trulia. That not only gave

 We’ve made considerable headway into repairing the damaged caused by the first mortgage crisis, but another one could be right around the corner. One of the more frustrating aspects of economics is the innate difficulty in assessing and predicting

Though overall housing inventory is showing signs of recovery, it’s not progressing in a way that helps first-time homebuyers. According to the National Association of Realtors, 2014 has been a very good year for housing inventory. After falling precariously

 $1 million is a hefty chunk of change, but new data shows that it goes much farther in some metro areas than in others. How much is $1 million, in the grand scheme of things? According to some very interesting

Home prices continue rising, CoreLogic finds, but the geographic drivers of the increases may be shifting. Home prices continued to show signs of improvement in July, according to the latest Home Price Index report from CoreLogic. Nationwide, home prices, including

Autumn has traditionally been a slow selling season, but Redfin analysis suggests that may not be the case in 2014. It’s a seasonal trend as tried and true as any in American business – the strong summer homebuying season

Residential construction was basically flat in July, though it remains ahead of 2013’s pace. Residential construction spending through July was at a seasonally adjust annual rate of $358.1 billion, a 0.7 percent increase from June, according to the latest

Negative equity persists in today’s housing market, but its impacts are not equally felt in every price point. Earlier this week, we reported on new findings by Zillow that a whopping 42.6 percent of Generation X mortgage holders are

Construction spending stumbled a bit in Miami in July, though it’s more an outlier than anything else. Residential construction spending in the Miami region totaled $307 million in July 2014, a 27 percent decline from last year, according to the latest stats

Pending home sales rose for the fourth time in five months, according to the National Association of Realtors. Pending home sales rebounded in July, rising 3.3 percent from June according to the latest data from the National Association of

$1 million sure goes much farther in our local housing market! In our housing market, as well as scores of others across the U.S., $1 million is a hefty sum of money, one that awards potential homebuyers a myriad

The U.S. housing market has been in recovery mode the last two years, and despite gains, some areas remain in dire straights. If the real estate industry can be thought of as its own world, then consider the bursting

New CoreLogic report finds that even though foreclosures are still around, their presence is much less pronounced. In 2013, foreclosures were at the epicenter of the housing conversation. However, after a year of tirelessly closing short sales and pushing

Though our marketplace has traversed quite the terrain since 2008, new data shows that it still has quite a bit of ground to cover. We report quite regularly on building permits at the national level, but how have permits