Current Market Data

Despite Adversity, Millennials Optimistic on Housing

Thanks to stagnant incomes, Millennials are still missing from the housing market Two million households headed by 25-to-34-year-olds are missing from the current housing market, according to new National Association of Homebuilders research. The NAHB arrived at that number

Chicagoland Foreclosure Activity at Lowest Level Since 2007

Chicagoland’s mortgage markets are in their best shape in nearly a decade. Foreclosure activity in the Chicagoland housing market has fallen to its lowest level since 2007, according to the latest numbers from RealtyTrac. Per RealtyTrac’s analysis, there were

Chicagoland’s Top-Selling Suburbs, Jan. 2016

See our chart below for the top-selling suburban housing markets in Chicagoland in January, according to research from Redfin. To adjust between total home sales and the single-family/condo markets, click on the tabs. Total Home Sales Single-Family Home Sales

The 3 Things You Need to Know About 2016’s Tricky New Construction Market

New home sales were down in January, but that’s not the whole story Sales of new single-family homes declined in January, falling 9.2 percent from December and 5.2 percent from Jan. 2015 to a seasonally adjusted annual rate of 494,000,

Why A Majority of Homeowners “Underestimate” Their Home’s Value

There are more than 49 million homeowners in the U.S. with a mortgage, and approximately half (46 percent) expect their equity to increase in 2016, according to research from loanDepot. That’s another way of saying seller confidence is on

Homes Sales, Prices Up in January but Concerns Linger in Chicagoland

Home sales and prices were both positive in Chicagoland’s January marketplace Home sales in the nine-county Chicagoland area rose 4.8 percent year-over-year in January, totaling 6,018 for the month, according to the latest report from the Illinois Association of

These Chicago Neighborhoods See the Fewest Price Reductions

The West Loop, Logan Square, West Town. These are neighborhoods that have long been on the ascent in Chicago’s real estate scene, where prices and sales have risen in tandem since recovering from the downturn. Yet, when it comes to the

Niche Names Chicago’s Top Private High Schools

In January, Niche, a website that ranks and reviews schools at every level of education, gave us the top high schools with the best teachers. This month, it’s the best private high schools. In its 2016 Best Private High Schools

Study: Decline in Undocumented Workers Could Raise Housing Costs

Fewer undocumented immigrants may lead to higher costs A decline in undocumented immigrants may be causing construction costs – and by proxy, home prices – to rise, according to the Zillow Home Price Expectations Survey. The survey asked 100

Even Record Apartment Construction in Chicago May Not Slow Rent Increases

Even a record-breaking flood of new apartments may not be enough to offset rising rents A surge in apartment supply is expected in Chicago’s downtown neighborhoods over the next two years, as a record number of apartments are will be completed, according

Chicagoland’s Fastest-Selling Markets, Jan. 2016

Click on the tabs below to adjust between the city and suburban markets where homes sold the fastest in January, in terms of average days from listing to closing. Fastest-Selling Suburban Markets Fastest-Selling City Markets Suburb Days on Market Number

RealtyTrac: Guaranteed Rate Mortgage Business Jumps Double Digits

Guaranteed Rate’s mortgage portfolio has seen one of the largest gains in the country, according to the newly released U.S. Residential Property Loan Origination Report from RealtyTrac. Per RealtyTrac’s analysis of publicly recorded mortgages and deeds of trust, Guaranteed Rate

17 Chicago Suburbs Named Among Nation’s Safest

Though crime can be found in all major cities, the severity and frequency of it vary greatly from metro to metro, as two new reports from real estate analytics provider NeighborhoodScout recently pointed out. Annually pulling data from upwards of 18,000

What Makes Chicago a Great City for Real Estate Agents

Chicagoland may have fallen on the lower end of the spectrum in WalletHub’s new ranking of 2016’s best cities for real estate agents – the Windy City placed 130 out of 150 – but there remain many positives in the area’s

These 3 Concerns Continue to Haunt Sellers

An uncertain economy and low inventory are bringing out conservative tendencies in sellers Home sellers may dial back prices a bit due to concerns over the economy, the low inventory and buyers being more selective in their home purchases, according to a new Redfin

Chicago Leads in High-Income Jobs – What It Means for Housing

The middle class is finding it increasingly difficult to afford new homes. But the residential market is not correcting itself to accommodate them, a new report from John Burns Real Estate consulting suggested. Instead, the future of new home demand

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