All-Cash Offers: Healthy for Real Estate Market, or a Hindrance?

With many pointing to the housing market as the backbone of the economic recovery, investors are flooding the market with all-cash offers and it’s squeezing out many traditional homebuyers. “People are worried about the returns on alternative investments,” says Karen Dynan, vice president and co-director of economic studies at the [...] Read more »

5 Real Estate Recovery Myths

Like anything else, real estate has its urban legends, its stories that get told so often they seem like they must be true. But unlike urban legends about exploding Pop Rocks or the origins of Jennifer Aniston’s ‘Friends’-era haircut, real estate myths have the potential to create fear, panic, paralysis [...] Read more »

Chicago Added to NAHB’s Improving Markets Index

The National Association of Homebuilders’ Improving Markets Index increased to 263 markets in June, and one of the newest cities added to the index was none other than Chicago! The City of the Big Shoulders was one of 29 new inductees to the Improving Markets Index, which tracks metropolitan areas [...] Read more »

Protection for Illinois homeowners facing foreclosure extended

Illinois Governor Quinn signed legislation championed by State Senator Jacqueline Collins to postpone the repeal of legal protections for homeowners seeking counseling to avoid foreclosure. Set to expire this year, the “30-30-30″ grace prior law would remain on the books for another three years if Collins’ legislation is successful. “Foreclosure [...] Read more »

Consumer Confidence on Housing Reaches All-Time High

Consumer sentiment towards the housing market reached an all-time high in the Fannie Mae National Housing Survey in May. May was a banner month for consumers and the housing market, according to Fannie Mae’s National Housing Survey for the month, with consumer sentiment at its highest level in the survey’s [...] Read more »