Archive for the ‘housing recovery’ Category

2014 Real Estate Review and Forecast

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The economy is finally showing signs of life and real estate is following suit. Let’s take a look at what the real estate experts projected at the recent Realtor® Party Convention & Trade Expo. Lawrence Yun, chief economist for the National Association of Realtors started with challenges facing the real estate market. The population in […]

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Great Expectations in 2014 As we move into 2014, we have so many things to look forward to. Improvement in the real estate market is just one of them. Last year brought many challenges, including houses that were under water, difficulties getting mortgages and a waning supply of houses for sale. In January of 2012, […]

3rd Quarter Housing Recovery Update

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This week’s Chicago Tribune Real Estate section featured an article about the progress of the housing recovery. The author, Mary Ellen Podmolik, noted that, while the recovery is not occurring as quickly as homeowners would like, it is happening nonetheless. She reports that single-family housing starts in the Chicago area are predicted to reach or […]