Chicago
Real Estate News

Mortgage Applications Dip in Mid-November

Mortgage Applications Dip in Mid-November

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending November 9, 2018, U.S. mortgage applications decreased 3.2 percent from one week earlier. Read More »


Mortgage Rates in U.S. Decline in Early November

Mortgage Rates in U.S. Decline in Early November

According to Freddie Mac's most recent Primary Mortgage Market Survey for November 2018, U.S. mortgage rates dropping slightly after last week's increases. Read More »

Pending Home Sales Dip 1.8 Percent in August

Pending Home Sales Dip 1.8 Percent in August

According to the National Association of Realtors, pending U.S. home sales fell again in August 2018, and have now decreased on an annual basis for eight consecutive months. Read More »

Over 25 Percent of U.S. Home Sellers Dropped Asking Price Last Month

Over 25 Percent of U.S. Home Sellers Dropped Asking Price Last Month

According to new Redfin research, signs continue to point toward a changing market that's letting U.S. homebuyers be more selective as supply constraints begin to ease in the hottest markets. Read More »


Global Property Spotlight

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

The town of Safety Harbor is a secret little hideaway known as the Jewel of Tampa Bay. Safety Harbor is neighbored by the major city of Clearwater, Florida. Read More »

Last Updated November 14, 2018 8:08 AM ET

Chicago Property News

According to the recently released CBRE U.S. Seniors Housing & Care Investor Survey, the appetite for senior housing acquisitions in the U.S. remains strong, with nearly two-thirds of investors planning to increase the size of their portfolios over the next 12 months.

According to Freddie Mac latest Primary Mortgage Market Survey for the first week of September 2018, U.S. mortgage rates jumped over the past week to a level not seen in over a month.

More than 1.5 million (1,527,433) loans secured by residential property were originated in Q2 2018, down 16 percent from the previous quarter.

According to new U.S. housing market research by Zillow, the combination of rising home prices and interest rates creates a doubly challenging environment for would-be home buyers, making monthly mortgage payments on even modestly priced homes more of a financial burden.

Sales of newly built, single-family homes inched down 1.7 percent in July to a seasonally adjusted annual rate of 627,000 units after an upwardly revised June report. On a year-to-date basis, sales are up 7.2 percent from this time last year.

According to CBRE's latest U.S. Data Center Trends Report, demand from large cloud users has set the U.S. data center market on pace to break 2017's record leasing activity.

U.S. mortgage applications for new home purchases decreased 8.8 percent compared to June 2017. Compared to May 2018, applications decreased by 12 percent. This change does not include any adjustment for typical seasonal patterns.

According to a new report from the Mortgage Bankers Association, U.S. mortgage credit availability increased in June 2018. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

According to U.S. brokerage firm Redfin, few homebuyers are halting their searches in the wake of rising mortgage rates.

According to a new Yardi Matrix report indicates that Chicago is living up to its financial hub status and continues to add high-earning jobs, driving multifamily rent growth.

This past week the Council on Tall Buildings and Urban Habitat announced the winners of the 16th Annual CTBUH Awards Program, which competed for winning distinctions at the 2018 Tall + Urban Innovation Conference.

According to AAA, more than 41.5 million Americans will travel this 2018 Memorial Day weekend, nearly 5 percent more than last year and the most in more than a dozen years.

270 Park Avenue in New York City will become the tallest building ever conventionally demolished, as well as the first building over 200 meters in height to be peacefully razed.

A strong rising demand for U.S. net-lease real estate led to $57.8 billion in investment volume in 2017 -- the second-highest annual total since CBRE began tracking 2002.

Major metropolitan office markets across the globe are seeing a significant increase in the adoption of "green" building certification programs.

U.S. commercial and multifamily mortgage bankers closed a record $530.1 billion of loans in 2017.

Over 64 million Americans live in multigenerational households, which is based on a report by the Pew Research Center, Washington, D.C.

According to Zillow, U.S. home values have been appreciating more per working hour than local minimum wage pays in about half of the nation's 50 largest cities.


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