Current Market Data
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
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
The housing market is improving, but first-time homebuyers still face challenges First-time homebuyers have dropped to their lowest share since 1987, and based on numerous reports and analyses by news organizations and industry groups, there are a number of barriers
See our chart below for the top-selling neighborhood housing markets in Chicago 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 Condo/Townhome
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’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
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
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,
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
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
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
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
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 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
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
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