Current Market Data

Chicagoland’s Top Luxury Housing Markets, Jan. 2016

Lincoln Park and Hinsdale were the top luxury housing markets in Chicagoland in January, according to a custom Real Data report by Chicago Agent. For the month, Lincoln Park saw 16 luxury sales with an average price of $2,181,642.19, while Hinsdale

How Long Until Chicagoland Homebuyers Break Even on Their Purchase?

Homebuyers in Chicagoland break even on their homes sooner than expected It takes just over two years for homebuying to make more financial sense than renting in Chicagoland’s housing market, according to a recent analysis from Zillow. The “Breakeven

Cheaper Oil, Cheaper Mortgage Rates – A Buying Opportunity

There are a lot of cities in the U.S. – Houston, New Orleans – that have felt the sting of falling crude values (“sting” being a cozy euphemism for economic haymaker). But the news isn’t all bad. Take, for instance, mortgage

3 Positive Employment Trends For Housing

The latest jobs report shows some silver linings for employment Last week, the Labor Department released its monthly jobs report with mostly positive news: unemployment fell below 5 percent in January, suggesting that even with the weak global economy and decreasing confidence

Chicagoland’s Top Closings, Jan. 2016

In our latest Real Data report, we have the agents who closed January’s top deals Click on the tabs below to see the top single-family, condo and townhome closings in Chicagoland’s housing market in January: Single Family Condo Townhome Single

TransUnion Predicts 2.2 Million Boomerang Buyers Will Return by 2021

Boomerang buyers are, as the name implies, ready to return to housing The housing market’s recovery has been slow since the recession, and many consumers are still struggling with the economic fallout. According to a study released by TransUnion, though, there

Suburban Housing Markets are Leading the Way in Chicagoland

New numbers from Zillow show suburban home price gains outpacing city’s In the eternal rumble between urban and suburban housing markets, recent numbers have put the advantage firmly in the suburban corner for Chicagoland’s marketplace. According to a recent

Which Chicagoland Top Producer had the Best Year in Business?

Chicago Agent magazine’s Real Data report is one of our most hotly anticipated features of the year, and the 2015 report – which appeared on Chicago Agent’s website at the end of January – provided considerable insight into Chicagoland’s

New Homes Are More Expensive and Bigger than Ever Before

Bigger homes mean more luxury buyers – but what does that mean for first-time buyers? The average unit size of new residential construction is increasing, according to a National Association of Home Builders report. The average size of a

CoreLogic: Chicago Buyers Aren’t Using Cash

Real estate markets across the country continued hemorrhaging cash last October, a new report from CoreLogic confirmed, with the share of total sales falling 2.6 percentage points year-over-year. However, as is typical of the season, the amount of cash

CoreLogic: Chicago Price Growth Remains Slow, and That’s OK

Home prices continued their steady climb rounding out 2015, rising both year over year and month over month, according to CoreLogic. Across the nation, home price appreciation averaged a 6.3 percent increase from Dec. 2014 to Dec. 2015 –

Developers are Pumping Billions into Chicagoland’s Housing Market

New analysis from Dodge Data & Analytics paints an encouraging picture for Chicagoland’s new construction marketplace The Chicagoland housing market capped off a strong year of residential investment, according to the latest numbers from Dodge Data & Analytics. Per

The 3 Trends Shaping New Construction in 2016’s Market

These three trends illustrate where new construction is heading in 2016 Last week, the U.S. Census Bureau reported that new single-family home sales in 2015 totaled 501,000, a 14.5 percent increase over 2014 that brought new home sales to their

4 Trends for Chicagoland Agents to Watch For in New Construction

How will Chicagoland’s new construction market take shape in 2016? MetroStudy’s new report is out, and it includes many findings that outline what they expect the Chicagoland market outlook to be like in 2016. After narrowing down the most

Chicago’s Top-Selling Neighborhoods in 2015

Earlier today, we reported that Naperville edged out Aurora as the top-selling suburb in the Chicagoland area in 2015, and now, armed with the same exclusive numbers from Redfin, we’re back to rank the top-selling city neighborhoods. Use the

7 Chicago High Schools Recognized for Teacher Excellence

Homebuyers want to live in a nice neighborhood, and when that homebuyers have children, “nice neighborhood” translates to “wherever the good schools are.” Thanks to Niche, providing that information to clients is now much easier for real estate agents.

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