Current Market Data
U.S. homebuilders appear optimistic that low mortgage rates can turn the tide in favor of stronger sales in the months ahead.
Wall Street has found itself increasingly on edge in recent weeks, but strangely, that may be breathing fresh life into the mortgage lending industry.
Fannie Mae's Home Purchase Sentiment Index for July rose to its highest reading in nine years.
Median single-family prices for the metro area were up 1.2 percent over last year, but that's a far cry from the national rate of 4.3 percent. Find out why Chicagoland is lagging.
At the start of the year, price growth was at 2 to 3 percent year-over-year. Now, it's between 0.5 and 1.5 percent, depending on the city. But according to Thad Wong, co-founder of @properties, that might not be a bad thing.
While good design is something pretty much everyone aspires to, homeowners often choose particular styles that are inspired by what is popular in their part of the world. Find out which aesthetics and choices are most popular in Chicagoland, and see how this varies when compared to what’s popular in other markets.
The National Association of Realtors’ Pending Home Sales Index broke a 17-month streak of year-over-year declines to log an annual increase in June. Last month also marked the second month in a row in which nationwide pending home sales grew, a fresh sign that homebuyers are finally emboldened by falling interest rates.
A poll of more than 100 real estate economists and experts finds half of the respondents think a recession will begin in 2020. Learn about their reasons for such assertions and predictions for the housing market overall in the next few years.
As housing costs have continued to grow faster than the average buyer’s income, more are tapping into resources that can lower the substantial up-front costs of purchasing a home. But that could bring some major changes and a degree of uncertainty to the housing market.
While sales of existing homes continue to underwhelm, housing market analysts are feeling more optimistic about new construction. The Census Bureau reported new-home sales in June came 7 percent above the revised sales pace for May, and 4.5 percent above the estimate for June 2018. The report did come with caveats, however.