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Inventory an Issue

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The National Association of Realtors says pending home sales dipped slightly in February due to a lack of inventory. Nationally, the Pending Home Sales Index declined 0.4 percent to 104.8 from 105.2 in January, the association says. January’s reading had been the highest since April 2010; that month the index…

Slow and Steady

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Chicago area home prices declined in January for the fifth consecutive month, according to a widely watched index. Single-family home prices dipped 0.9 percent in January, from the previous month, after edging 0.7 percent lower from November to December, according to the S&P/Case-Shiller indices. On the bright side, year-over-year Chicago…

Marching Along

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The National Association of Realtors says a “healthy recovery” is underway as year-over-year U.S. existing-home sales and prices edged higher in February. There were 4.98 million sales of completed single-family homes, townhomes, condominiums and co-ops last month, a 10.2 percent increase from the 4.52 million units sold in February 2012,…

Fast and Furious

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Home sales and prices are increasing across the Chicago area, as a lack of inventory is tipping the scales in sellers’ favor. The same story is being repeated throughout the U.S. Buyers are snapping up properties at a rapid clip, lured to market by an improving economy and historically low…

February Homes Sales Jump

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The local housing market continued to pick up steam with home prices and total sales increasing last month throughout the state. Homes sales in the City of Chicago climbed 10.2 percent to 1,378 in February, from 1,250 in the same period in 2012. Year-over-year sales of city condos also posted…

On Higher Ground

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Nationally, the number of homeowners with “underwater” mortgages declined slightly to 21.5 percent in the fourth quarter, another sign that the residential real estate market is improving. However, the data told a different story in the Chicago area. Roughly 506,000, or 33.3 percent of residential properties with a mortgage in…

Illinois Foreclosure Filings Fall

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First, some good news. For the third straight month, month-over-month foreclosure filings declined in Illinois in February, according to RealtyTrac Inc. Filings fell 10 percent to 12,671 filings last month, and 5 percent from February 2012. But the total number of filings still ranked among the highest in the U.S….

Chicago's Best Properties

4511 N. Wolcott—Unique Home with Modern Edge By

There are those homeowners who love cubbyholes and nooks, and then there are those who admire clean lines, open space and modern edge. If the latter describes what you’re looking for, then take a drive by 4511 North Wolcott in Ravenswood.