By Peter Ricci Bidding wars are normally the ultimate sign of a hot real estate market, that demand for real estate is so stratospheric that prospective homebuyers are nearly falling over themselves with offers for the homes. Sadly, bidding

By Peter Ricci It’s a narrative that many real estate professionals are all too aware of – a distressed property appears in a certain market, where it sits for months and negatively impacts the selling prices of the surrounding

By Stephanie Sims Interested in what prospective clients think of the market? Redfin’s latest quarterly homebuyer survey answers could help you better reach and help your clients. Less than two weeks ago, Redfin collected data from 829 people across

By Peter Ricci The multifamily housing sector has been a true anomaly; while housing construction has bounced along on a largely sideways path for most of 2012, multifamily housing has been booming, with multifamily housing starts up 30 percent

By Peter Ricci The Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings, rose 2.4 percent from June to July and reached its highest level in more than two years, or, since the expiration

By Peter Ricci The Case-Shiller Home Price Index, which we wrote about earlier today, is undoubtedly the most influential monitor for the nation’s home prices in the current market. But such enthusiasm, as Inman News has demonstrated in the past,

By Peter Ricci The National Association of Realtors’ new real estate TV ad is garnering quite a bit of attention in the real estate community, and not all of it good. Titled “Moving Pictures,” the ad plays from the

Real estate appraisals are among the more consistent topics that we cover here at Chicago Agent, and for good reason – though real estate, after a prolonged slumber, has been posting some of its best numbers in years, the most

By Peter Ricci Shadow housing inventory and government-held REO inventory have both been on a steady decline the last couple years, and if new short sale guidelines from the Federal Housing Finance Agency (FHFA) fulfill their aims, they’re a

By Peter Ricci The National Association of Realtors (NAR) did some serious political flexing this week with the GOP and its stance on the mortgage interest tax deduction. The Republican Party boldly excluded the deduction – long the third

By Carlo Calma, Peter Ricci On account of rising mortgage interest rates, mortgage applications fell 7.4 percent for the week ending August 17, according to the latest Weekly Mortgage Application Survey from the Mortgage Banker’s Association (MBA). And indeed, rates

By Peter Ricci New residential home sales increased 25.3 percent year-over-year in July to a seasonally adjusted annual rate of 372,000, according to the latest joint report from the U.S. Census Bureau and the Department of Housing and Urban

By Peter Ricci Existing-home sales reversed recent declines in July, rising 2.3 percent from June and 10.4 percent from July  2011, according to the National Association of Realtors. Median existing-home price was equally optimistic for the month, increasing yearly

By Peter Ricci Foreclosure sales present significant benefits to potential homeowners, the biggest one being the price – according to the most recent existing-home sales report from the National Association of Realtors, foreclosures sold for an average discount of

By Peter Ricci More than seven months after its initial unveiling, Barack Obama’s refinancing plan will make a return to Capital Hill on September, as the president renews calls for Washington to assist the nation’s underwater homeowners. The announcement

By Stephanie Sims Historically, many of the world’s tallest buildings, like the Empire State Building and the Willis Tower, were built to house offices, but once the idea of living in a massively-tall building grew in popularity about a