Current Market Data

CoreLogic: Cash Blowing Away From the Windy City

CoreLogic released its April cash sales report today, and as has been the trend all year, cash sales declined year-over-year, bringing national levels closer to the pre-crisis baseline of around a 25 percent market share. In April, cash sales

5 Revealing New Construction Trends in 2015

According to Census Bureau calculations, June was one of the best months of new construction in some time…but the truth is more complicated Building permits rose 7.4 percent monthly and 30 percent year-over-year in June, according to the latest  construction

CoreLogic: Foreclosures Fall in Windy City

CoreLogic May foreclosure report documents continued improvement in inventory and seriously delinquent mortgage rates Today, CoreLogic released its May 2015 National Foreclosure Report, which highlighted steep declines in completed foreclosures and foreclosure inventory, as well as the falling serious

Foreign Homebuyers Discouraged by Strong Dollar

Throughout the first four months of 2015, home sales in the U.S. were the best they’ve been in eight years. Helped by a one-half percentage drop in fixed mortgage rates, home sales from January to April this year surpassed

Global Economic Turmoil Halts U.S. Mortgage Rate Increases

U.S. mortgage rates were increasing at steady clip in 2015 until global economic events intervened The economic turmoil in Greece and China could possibly benefit U.S. homebuyers. That cause and effect was the chief finding in Freddie Mac’s latest Primary Mortgage

CoreLogic: May in Chicago Marks Modest Price Gains

CoreLogic has released its May Home Price Index, revealing another month of positive gains. Marking 39 months of consecutive year-over-year gains, national home prices, both including and excluding distressed sales, increased 6.3 percent in May compared to the same

Chicago Takes Huge Jump in Labor Rankings

CareerBuilder releases new labor market rankings In late May, CareerBuilder released its second quarter Labor Market 150 Index, which attempts to evaluate and rank the country’s largest metros. Using data from the employment website’s data arm, EMSI, or Economic

Chicagoland Residential Construction Exploding in 2015

2015 shaping up to be a big year for new construction in Chicagoland Residential construction spending in the Chicagoland area was up 74 percent year-over-year in May, and so far in 2015 is 38 percent ahead of where it was

Chicagoland Rents Moderate Further in Second Quarter

How has Chicagoland’s rental market developed in 2015’s second quarter? New data from Reis provides some perspective. In April, Chicago Agent noted that according to data/analytics firm Reis, the once-hot rental market in Chicagoland was cooling down, especially compared to

5 Important Housing-Related Details from the New Jobs Report

What details in latest jobs report bear the most significance for housing? The nation’s unemployment rate fell from 5.5 to 5.3 percent in June, while the overall economy added 223,000 nonfarm payroll jobs, according to the Bureau of Labor

Distressed Sales Plunge in Illinois

Over the last year, distressed home sales have become far less prominent in Illinois’ housing market Distressed sales throughout Illinois comprised 18.6 percent of all home sales in May, a marked drop from the 30.6 percent market share of a

Multifamily Construction Spending Leads Charge in 2015

Residential construction spending may be up in 2015, but some areas performing better than others Residential construction spending was at a seasonally adjusted annual rate of $359.5 billion in May, according to the latest data from the U.S. Census

Chicagoland Home Prices Rise Moderately in Case-Shiller

Home prices positive in latest Case-Shiller, but are there signs of a slow down? Home prices in the Chicagoland area posted moderate gains in Standard & Poor’s latest Case-Shiller Home Price Indices, rising 1.1 percent from March to April and

Builders Trade Entry-Level for High-End

Construction is down in the market’s lower end, and economists say they know why The construction industry continues to make strides bringing more new homes to the market, a Census Bureau report on housing permits recently showed. But while

Pending Home Sales Now at 9-Year High

May was a solid month for pending home sales activity, but uncertainty remains for housing’s future Pending home sales continued their hot streak in May, rising by monthly and yearly measurements to their highest level in nine years, according to

The Most Underrated Reason for Housing’s Slow Recovery

Two surveys, one from Bankrate and another from Capital One, spotlight Americans’ financial insecurities Twenty-nine percent of Americans have no emergency savings, and another 21 percent only have enough savings to cover three months of expenses. Those troubling statistics came

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