The new week brings a modestly improving backdrop for buyers and homeowners. Rates eased from recent peaks, inventory is trending higher than last year, and the Federal Reserve cut its policy rate by 25 basis points

The dog days of summer are here. Mortgage market keeps shifting, but the skies over Chicago this weekend promise a show worth looking up for. Whether you're checking out open houses or camped out by the lakefront, here’s your quick update on what’s happening in housing, the economy, and our hometown.