Current Market Data

Chicago’s Top-Selling Neighborhoods, Sept. 2015

What Chicago neighborhoods saw the most real estate activity in September? Earlier this week, we reported that home sales in the city of Chicago were up 5.3 percent in September, though median price in the city was flat. Some Chicago

Chicagoland Home Sales Rise Modestly in September

It was a typical month in autumn for Chicagoland real estate Home sales in the nine-county Chicagoland area rose 5.3 percent year-over-year in September, according to the latest report from the Illinois Association of Realtors. Although sales were down a pronounced

How Lagging Economic Optimism Impacts Housing

The economy on a whole may be doing better, but most Americans are not directly experiencing those gains The unemployment rate is currently 5.1 percent, down substantially from where it was five years ago. Since bottoming in March 2009, the

Apartment Construction Drives Market in 2015

Without the surging apartment sector, where would new construction be in 2015? Housing starts in September were up 6.5 percent from August and 17.5 percent from Sept. 2014 to a seasonally adjusted annual rate of 1.026 million, which is the

BofA Survey: Millennials Confident, Yet Stressed About Money

According to the new Better Money Habits Millennial Report from Bank of America, while 84 percent of Millennials are self-reliant when it comes to managing their own finances, 41 percent are constantly stressed about money. Moreover, the report found that money stress

Builder Confidence Hits Highest Level in 10 Years

Builders are now more confident than at anytime since the housing boom Builder confidence in the market for newly constructed single-family homes rose three points in October to a level of 64 on the National Association of Home Builders/Wells

Chicago Real Estate Professionals Are Earning More

The Business Journals, analyzing the latest Census Bureau data, has compiled a list of the most profitable U.S. cities for a wide range of professions, including loan officers and real estate agents. In Chicago, 2014 salaries for loan officers

62% of Americans Have Almost No Savings

Yet another study finds that a majority of Americans are on financially insecure footing Sixty-two percent of Americans have inadequate savings. That alarming statistic was the main finding of a Google Consumer Survey that GoBankingRates, a national website that

Suburban Chicago’s Top Luxury Housing Markets

Winnetka, Hinsdale and Lake Forest are among Chicagoland’s top luxury housing markets. We recently reported on both the top-selling and most competitive suburban housing markets in Chicagoland, with such markets as Naperville, Aurora, Lake Zurich and Villa Park earning

CoreLogic: Are More Foreclosures Coming to Chicago? Maybe.

Recovery continues as foreclosure levels dropped yet again in August. National foreclosure inventory fell 25.2 percent year-over-year and completed foreclosures dropped 20.1 percent, according to a new report from CoreLogic. The latest decline in foreclosures is only the latest step

Chicagoland’s Most Competitive Suburbs

Where in the Chicagoland area is the competition for housing the fiercest? The other week, we reported that Naperville, Aurora and Joliet were once again the top-selling suburbs in the Chicagoland area. That news was hardly surprising, given that

9 Surprising Stats about the State of Housing in 2015

Housing has made considerable progress the last few years, but elements of the downturn still linger. Recently, there have been many promising developments in housing. New construction, for instance, is becoming more affordable, and new home sales are up

Mortgage Rates Drop on Weak Jobs Report

Average fixed mortgage rates have lowered following September’s jobs report, according to Freddie Mac’s Primary Mortgage Market Survey. With the 30-year FRM falling from 3.85 to 3.76 percent, average rates have now been below 4 percent for 11 consecutive weeks, while including the

Survey: Americans Bargain Shop For All Things – Except Loans

LendingTree’s survey reveals that though Americans bargain shop for many things, they do not adequately research financial loans. Out of the 1,024 people surveyed (ages 25 and up), 79 percent of Americans claimed to be bargains shoppers. An overwhelming  83

MBA: Mortgage Credit Availability Increases

Mortgages were slightly easier to attain in September, according to a new analysis by the Mortgage Bankers Association. The MBA’s Mortgage Credit Availability Index (MCAI), which tracks access to credit, rose 0.3 percent in September to 126.5; any increase in

10 Most Competitive Neighborhood Housing Markets in Chicago, August 2015

What neighborhoods, in Chicago’s competitive housing market, are seeing the most activity? The other week, we reported that with 266 home sales in August, the Near North Side was once again Chicago’s top-selling neighborhood, with Lincoln Park, the West Loop and Lakeview

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