Current Market Data

Chicagoland Housing Market Continues Recovery in November

Chicagoland’s housing market continues to recover, despite low November numbers The Chicagoland housing market had another down month in November, but like the month before, it was in the service of an improving marketplace. According to the Illinois Association of

CoreLogic: Chicago Cash Levels Remain Low Despite Season

The number of all cash transactions peaked in Jan. 2011, accounting for over 46 percent of total home sales. In September of this year, cash sales represented a much smaller portion of total sales with a 32.5 percent share,

Chicagoland’s Top Luxury Housing Markets, Nov. 2015

In our latest Real Data monthly report, we’re taking a look at the top luxury markets in Chicagoland, meaning the city and suburban markets that saw the most sales for homes priced $1 million and above. Click on the tabs

Is the American Middle Class Disappearing? 4 Stats to Consider

Where does America’s middle class stand financially? New analysis from the Pew Research Center explains The U.S. middle class, which has long defined the country’s economic prosperity, is no longer the majority of Americans. That eye-grabbing finding came courtesy of

November a Universally Strong Month for New Construction

It was a month of thanksgiving for the nation’s homebuilders November offered U.S. homebuilders many reasons to give thanks, with permits, starts and completions all in positive territory. According to the latest report from the U.S. Census Bureau, building

How the Construction Sector will Help Lead Job Growth Over Next Decade

New projections from the country’s Bureau of Labor Statistics forecast big job gains for the construction sector over the next decade and emphasize the growing importance of environmentally conscious building. Over the 10-year period beginning in 2014 and ending

How Does Chicago’s Falling Negative Equity Compare with National Numbers?

Year-over-year gains in national equity were in the double digits at the end of this year’s third quarter, as a healing economy helped keep home price appreciation positive and consistent, according to a new report from CoreLogic. On Sept.

NAHB: Builder Confidence Drops Slightly in December

Builder confidence in the market for newly constructed single-family homes remained relatively flat in December, dropping one point to 61 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). David Crowe, the NAHB’s chief economist, said past

What Size Homes Do Consumers Want in 2015?

What is the preferable home size? The median size for homes purchased in 2015 was 1,900 square feet, according to the 2015 Profile of Home Buyers and Sellers from the National Association of Realtors. Beyond that median, though, NAR uncovered

How Have Fannie Mae’s 3% Mortgages Affected Housing?

Fannie Mae’s 3-percent down-payment policy was met with praise and skepticism in equal parts, but how has it impacted housing? It was last October when Fannie Mae announced that, in an effort to broaden credit access, it would lower its

Key Trends Heading Into the New Year

It can be difficult to keep track of how the multitude of real estate reports and forecasts fit into the bigger picture of the housing market and U.S. economy. To help our readers put it all in context, we’ve

Chicagoland’s Top Closings, Nov. 2015

In our latest Real Data report, we’re setting our sights on November’s top closings Click on the tabs below to see the top single-family, condo and townhome closings in Chicagoland’s housing market in November: Single Family Condo Townhome Single Family

CoreLogic: Chicago Foreclosures Drop as New Year Approaches

October was another month of declining foreclosures, both nationwide and in most major metropolitan areas, a CoreLogic report confirmed this week. Dropping by just over 21 percent year-over-year, the nation’s foreclosure inventory reached a 1.2 percent share this past October,

Pew Trust: American Finances on Uncertain Footing

The economy continues to recover, but Americans’ finances are still stuck in the mud A surprisingly large share of Americans are in a precarious financial state, according to a new, detailed study from The Pew Charitable Trust. For its study,

U.S., Cuba Set to Talk Property Claims

Americans want their Cuban property. Since the 1960s, when Castro first seized power, that wanting has been a symptom most convinced themselves to ignore, despite filing claims against the country. However, when representatives of Cuba and the United States meet

BLS: Economy Adds 211,000 Jobs in November

Despite adding jobs, November offered more of the same for America’s economy The U.S. economy added 211,000 jobs in November and the unemployment rate held steady at 5.0 percent, according to the latest report from the Bureau of Labor Statistics. November’s

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