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Chicago and Cook County home prices are up nearly 12 percent in the second quarter of 2013. We get the latest on the housing recovery from Geoff Smith, the Executive Director of the Institute for Housing Studies at DePaul University, and Loretta Alonzo, the 2012 president of the Illinois Association of Realtors.

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We take a look at Chicago’s rebounding housing market. How does the city compare with the rest of the county? And will this upward trend continue? Elizabeth Brackett and her guests discuss the issue.

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How do you price a piece of architectural art? Prairie style master Frank Lloyd Wright designed nearly 100 homes in the Chicago area, but now some owners are having trouble selling these homes. Chicago magazine's real estate expert Dennis Rodkin joins us to discuss why sellers are having trouble, and he tells us more about Chicago's housing market.

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President Obama proposed a $3.77 trillion budget for 2014 that would cut deficits by $1.8 trillion over the next decade. Eddie Arruza and his guests gauge market reaction to the potential cuts.

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After four years, the Tribune Co. finally emerges from bankruptcy. Kris Kridel of WBBM Newsradio 780 and 105.9FM has that story, market reaction to the fiscal cliff deal, and more top business headlines.