Affordability and credit are factors that could blow the steam out of any housing rebound.
The record sale price of a 60 story luxury apartment tower in downtown Chicago is yet another sign of hot rental market in the Windy City.
Home prices are still rising in Chicago, but among the 10-largest U.S. markets, price gains in the city come in last.
Mortgage application volume have increased 14.2 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association (MBA).
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