Current Market Data

More first-time buyers facing budget constraints this year
More first-time buyers facing budget constraints this year

Money woes have become a bigger obstacle for those looking to break into homeownership than they were two years ago. Also, somewhat surprising data about the proportion of first-time buyers shopping for homes in rural areas.

Mortgage application activity remains high as rates stabilize
Mortgage application activity remains high as rates stabilize

Find out the latest numbers for mortgage application activity, interest rates and what to look for in the near future, as markets expect the Fed to lower interest rates later this month.

Why aren’t more homes hitting the market in Chicago, and what can be done about it?
Why aren’t more homes hitting the market in Chicago, and what can be done about it?

Just when many housing markets were seeing some relief in their scant inventory of for-sale housing, there are now fresh signs afoot that supply levels may return to a trend of tightening.

Homeowners and appraisers agree more on value
Homeowners and appraisers agree more on value

New data from Quicken Loans shows homeowners are becoming more realistic about the values of their homes, though exactly how rational they are varies quite a bit from city to city. Find out how Chicago compares to the rest of the country.

Mortgage delinquencies hit historic lows
Mortgage delinquencies hit historic lows

Low unemployment, rising home prices and responsible underwriting are all identified as sources for these positive numbers. Still, there's one major factor external to the economy that can have a major impact on the rate of foreclosures in a given area.

Mortgage update for the week of June 24
Mortgage update for the week of June 24

The number of mortgage applications submitted during the week ending June 21 grew 1.3 percent, and rates on the standard 30-year fixed-rate mortgage continued their downward slide.

May pending sales report adds to positive summer housing forecasts
May pending sales report adds to positive summer housing forecasts

Less than a week after the National Association of Realtors reported stronger than expected existing-home sales for the month of May, there’s more good news for the U.S. housing market. NAR’s Pending Home Sales Index for May came in 1.1...

High-end home sales decline nationwide
High-end home sales decline nationwide

In March, the luxury home market saw the largest drop in sales since 2010 with an 8.3 percent year-over-year decrease in closings, according to data gathered by Realtor.com. There were just 8,343 sales in excess of $1 million across 85...

Mortgage update for the week of June 17
Mortgage update for the week of June 17

The number of applications filed for a new home loan fell from the previous week, though average interest rates offered to mortgage applications in the last week were up only slightly.

May home sales improve as market forces stabilize
May home sales improve as market forces stabilize

The latest numbers demonstrate that consumers may have responded to the combination of continuing low interest rates and newly increased inventory sooner than some watchers of the market had expected.

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