Current Market Data
Pending home sales in November declined for the third time in four months as buyers continue to battle both rising home prices and limited homes available for sale, according to the National Association of Realtors. The Pending Home Sales
Chicago continues foreign investment boom through 2015 More foreign money has been spent on real estate in 2015 in Chicago than any year prior, according to a Crain’s Chicago Business report. In total, $3.27 billion dollars have been spent on
The latest analysis from Dodge Data provided an encouraging assessment of new construction in Chicagoland According to the latest numbers from Dodge Data & Analytics, residential construction spending in the Chicagoland housing market totaled $397 million in November, and
Stagnant wages and high rents combine to push homeownership out of reach for thousands of Chicagoans Nearly 957,000 renters in the Chicagoland housing market struggle with the cost of housing, according to a new report from the Joint Center of
New home sales are shaping up for their best year since 2007 Sales of new single-family homes in November rose 4.3 percent from October and 9.1 percent from Nov. 2014 to a seasonally adjusted annual rate of 490,000, according
Housing is on a precipice of affordability, according to a new study The Joint Center for Housing Studies of Harvard University has offered some unflinching examinations of the nation’s housing market, particularly in terms of affordability and the growing
Data suggests the young adult homeownership rate is stabilizing After decades of decline, the 25-to-34-year-old homeownership rate has begun to level out, seeing no significant decline in 2014, according to Fannie Mae’s Housing Insights report. That trend, according to
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
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,
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
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
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
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
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.
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 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