Chicago lags in U.S. housing recovery

Dec 26, 2012
The latest figures on the U.S. housing market show a turnaround is taking hold. But Chicago is a stubborn outlier on the road to recovery.
Posted In: Housing, housing market, Chicago

Homebuilding slows down in November

Dec 19, 2012
After a rush of homebuilding in October, November turned out to be a little muted. Much of that you can blame on Sandy -- the storm definitely seems to have slowed down construction in the Northeast.
Posted In: fedex, Housing

Why the national budget is different than a household's

Dec 14, 2012
Throughout the debate about the deficits and debt, you've probably heard a certain metaphor: One that compares the nation to a household. Well, that metaphor bothers one of the nation's leading economists, Robert Shiller of Yale University.
Posted In: Housing, fiscal cliff, federal budget

High salaries at Freddie, Fannie draw attention

Dec 10, 2012
A government watchdog released a report this morning that scrutinizes the pay of senior staffers at Freddie Mac and Fannie Mae. The report is from the inspector general of the Federal Housing Finance Agency, which oversees Fannie and Freddie.
Posted In: Housing, Fannie Mae, Freddie Mac, watchdogs

Hedge funds crowd first-time buyers out of housing market

Dec 10, 2012
Hedge funds and private-equity funds are buying up hundreds of foreclosed homes at a time, turning them into rentals, crowding out first-time home buyers looking for bargains.
Posted In: foreclosure, Wall Street, private equity, Housing

Fannie Mae, big banks halt holiday evictions

Dec 7, 2012
Fannie Mae, Freddie Mac and some big banks will halt evictions from foreclosed homes during the holidays. Is this altruism or a publicity stunt?
Posted In: Housing, foreclosure

After all those foreclusures, not so many houses for sale

Dec 7, 2012
Some cities with high foreclosure rates actually have housing shortages now, not a glut of foreclosed houses on the market. President Obama's mortgage-relief plan has helped, but another factor is hedge funds investing in houses to rent out.
Posted In: Housing, foreclosures, hedge funds

What's helping the housing market bounce back?

Dec 7, 2012
Things are looking up in the housing market. People are starting to buy houses again. Mortgage rates are at an all-time low and there's lots of inventory. Or is there?
Posted In: Housing, rent vs. buy, rent, shadow inventory

Homeownership sparks economy in many ways

Dec 6, 2012
Home prices are up nationwide. The recent demand has been good for more than just realtors and lenders.
Posted In: home, home ownership, homeowner, Housing

Shining a light on the shadow inventory

Nov 27, 2012
The housing market looks better, but what about the so-called shadow inventory?
Posted In: Housing, shadow inventory, foreclosures, whiteboard