Local News

Residential Construction Employment: First Increase Since 2005

By Bill McBride Construction employment increased by 17 thousand jobs in December, and is now down 2.18 million jobs from the peak in April 2006. Total construction employment increased by 46 thousand jobs in 2011. This was the first

This Week in Real Estate: HAMPers, MIDs and an Acquisition

What were the results of CoreLogic’s latest HPI? Is the government finally unveiling a plan for its REO inventory? And how many Keller Williams offices did Coldwell Banker acquire?  Here’s a quick rundown of stats from this week’s news (Jan. 9 –

This Week in Real Estate: Data Revisions, Lawsuits and Student Loans

Is the National Association of Realtors (NAR) finally revising its existing home sales data? What’s going on with appraisals? And how do student loans affect housing? Here’s a quick rundown of stats from this week’s news (Dec. 12 – Dec.

HUD Grants $749 Million to Housing for Low-Income Seniors and Disabled

Affordable housing is now within reach for thousands of very low-income senior citizens and people with disabilities. The U.S. Department of Housing and Urban Development (HUD) announced Wednesday it will grant more than $749 million to housing assistance programs

State's Attorney Case Against Wells Fargo Green-lit for Trial

A lawsuit filed by Illinois Attorney General Lisa Madigan against mega-bank Wells Fargo got the green light today from a state court judge. The suit, which was originally filed in the summer of 2009, alleges that Wells Fargo engaged

This Week in Real Estate: Data Clashes, Confidence Men, and Inventories

A quick rundown of stats from our real estate news for the week of Oct. 17 – Oct. 21, by the numbers: 13.3 – the percentage that home sales in the nine-county Chicagoland area increased in September from last year.

This Week in Real Estate: Lakeview Sales, Census Bureau Findings and ZIPping Through Chi-Town

A quick rundown of stats from our real estate news from the week of Oct. 10 – Oct. 14, by the numbers: 35.7 – the percentage that third quarter home sales increased in Lakeview from 2010. Rosie O’Donnell is not

Mortgage Application Volume Up 7.1 Percent

The Market Composite Index shows that the measure of mortgage loan application volume has increased 7.1 percent this week, while similar numbers have moved up and down. According to Mortgage Bankers Association’s weekly applications survey for the week ending

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