Current Market Data

7 Surprising Ways Homebuyers’ Generation Affects Their Purchase

New, or used? Detached, or townhome? Environmentally friendly? Close to work? Near shopping centers and entertainment venues? The number of options available to homebuyers in our real estate market is limitless, and NAR’s latest Home Buyer and Seller Generational

TRID Gets More Blame – Is It Deserved?

The debate over TRID’s true impact on mortgage markets is ongoing, but according to a new survey from the American Bankers Association, lenders are still grappling with longer processing times and delays in mortgage closings, which many are attributing

On Target – Why Homes Near This Big-Box Store are More Valuable

Home value sees noticeable changes near stores of certain persuasions Homeowners living near a Target have experienced better home value appreciation since their purchase than homeowners near a Walmart, but also pay higher property taxes, according to a RealtyTrac

The 5 Big Reasons that Consumers Buy Homes

Why do consumers buy homes, nowadays? There are many reasons that someone may want to purchase a home, but among America’s homebuying public, which reasons are the most common? According to the new Home Buyer and Seller Generational Trends

What Modern Homes Say About Modern Homebuyers

Modern homes favor efficiency and space Just as the average American homebuyer has changed over the years, so too has the average American home. According to a new analysis from the National Association of Realtors, new homes are characterized

Chicago Moves Closer to Eradicating Negative Equity

Homeowner equity made big year-over-year gains in the fourth quarter of 2015, according to a new analysis from CoreLogic, which found borrower equity increased by $682 billion, or 11.5 percent – to put it into perspective, that’s more than

These are the 3 Things Keeping Non-Homeowners from Buying

Non-homeowners are plagued by a lack of credit, money and knowledge First-time homebuyers have been absent from the current market ever since the housing downturn, choosing instead alternative housing solutions such as renting and living with parents or in-laws.

In Chicago Real Estate, these Two Groups Value Homeownership the Most

Asian and Millennial consumers are the most eager to buy homes in the Chicagoland area, according to a new survey from Zillow. The survey, which polled more than 10,000 renters and homeowners, asked consumers whether or not they associated

Survey: TRID Impacting 75 Percent of Loan Closings

New regulations are delaying a high amount of loans, new research finds More than 75 percent of banks say TRID compliance is delaying loan closings between one and 20 days, according to a survey by the American Bankers Association. The reasons

Chicagoland New Construction Soars in 2016

The residential construction community in Chicagoland kicked off 2016 in a strong fashion, with overall spending rising considerably from a year ago, according to the latest numbers from Dodge Data & Analytics. Per Dodge Data’s analysis, residential construction spending

The 4 Reasons to Expect a Strong Spring Housing Market

A strong economy and beneficial market conditions will boost housing in the spring The National Association of Realtors has always tried to keep a positive perspective when looking towards the future, and the latest report from Realtor Mag, which anticipated a

This is Why Millennials are Buying in Urban Areas

Millennials looking for more in their surroundings Much has been written about the newfound demand for urban, walkable environments, and a new study from CityLab has zeroed in on the causes behind that demand. According to CityLab’s research, the

The 10 Things Clients ‘Must Have’ in New Construction Homes

Baby Boomers are famous for their embrace of suburbs, and new research suggests that their love for the housing style remains fervent as ever. According to new research from the National Association of Home Builders (NAHB), 22 percent of

Chicago Ranks Fourth Among U.S. Cities for Quality of Life

It might seem like an exaggeration to say that quality of life in the city is better than most other places in the U.S., but according to Mercer (the world’s largest human resources consulting firm) it’s the truth. In

The Best Time of the Year to List a Home in Chicagoland

When is the best time to list your client’s home? The answer may surprise you The best time to list a home in Chicagoland’s housing market is between May 1 and May 15, according to a new analysis from

Are Chicago Cash Sales “Normal” Yet?

From Jan. 2013 to Oct. 2015, year-over-year decreases in the share of total home sales occurring in all cash have averaged 2.7 percentage points. However, in Nov. 2015 (the latest available data) the pace of decline slowed to 0.7

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