Current Market Data

CoreLogic: Chicago’s Distressed Sales Cut in Half

Compiling data from CoreLogic, we review nearly a decade of distressed sales data CoreLogic released its distressed sales report for the month of March this week, and what the group revealed was nothing short of expected: REO and short sales

41% of Americans Think Housing Crisis is Still Happening

Latest housing survey from MacArthur Foundation finds many Americans skeptical of housing and the wider economy What a difference a year makes – or, in the case of the MacArthur Foundation’s “How Housing Matters” survey,  what a difference a

RealtyTrac: Nation Faces Zombie Outbreak

RealtyTrac’s Q2 Zombie Foreclosure Report shows macro progress and micro struggles Zombies are plaguing the nation, but no amount of shotgun shells and machetes are likely to help. Less likely to shuffle after a person’s brainy bits than they

CoreLogic: Is a Wave of Foreclosures Heading for Chicago?

CoreLogic’s April Foreclosure Report revealed another month of positive stats…for most markets Since late 2008, when the walls of the world’s economy started to tumble, approximately 5.7 million foreclosures have been completed in the U.S., and even more if

Down Payments are Down, but are Home Sales Up?

Down payment trends may hint at first time homebuyer confidence The average down payment for single-family homes, condos and townhomes was down to 14.8 percent of the purchase price for Q1 2015, the lowest number since Q1 2012, according

Is Chicagoland’s Luxury Housing Market Falling Behind?

Could Chicago’s strong luxury housing market be slowing down? Sales prices for Chicagoland’s luxury housing market slipped behind the general marketplace this year, according to a new Redfin analysis of the nation’s luxury markets. Redfin’s study analyzed the top 5 percent

7 Important Things about Housing in the Government’s New Jobs Report

Latest jobs report features interesting implications for housing May was a positive month for the U.S. labor market, with the economy adding 280,000 jobs and the unemployment rate holding steady at 5.5 percent, according to the latest analysis from

CoreLogic: Chicago Homes Appreciate in April

New study from CoreLogic reveals how prices are changing around the country Marking more than three years of consecutive year-over-year growth, home prices nationwide, including distressed sales, pushed forward another 6.8 percent in April, according to a new report

Chicagoland New Construction Up 28% in 2015

This year proving to be especially positive for Chicagoland new construction Residential construction spending in the Chicagoland area totaled $362 million in April, a 17 percent increase over the $309 million of April 2014, according to the latest report

Hispanics will be Key Driver of Housing’s Future

The Hispanic demographic struggles to recover from housing crash, but could become a big shaker in future markets Between now and 2020, roughly four out of every 10 new households in the U.S. will be headed by someone of

240 Million Unique Visitors to Real Estate Websites in 2014

There were 240 million unique visitors to real estate websites in 2014, but where did they go? And where is that traffic coming from? Find out in our infographic below with statistics from a RealTrends study on the market’s

Hidden Truth Behind 2015’s Soaring New Home Sales

Last month’s new home sales appear hugely positive, but is there a hidden truth behind the numbers? On the surface, it would appear to be a wholly positive development for housing – sales of newly built single-family homes, according to

Chicago’s Top-Selling Neighborhoods

What neighborhood housing markets in the city of Chicago saw the most home sales in April? Last week, we reported that suburban sales in the Chicagoland area outpaced home sales in the city of Chicago, with the suburbs’ 12.8

Chicagoland Home Prices Bounce Back in New Case-Shiller

Have Chicagoland home prices in finally turned the corner? Home prices in the Chicagoland area rose 0.9 percent from February to March and 3.4 percent from March 2014, according to the latest Case-Shiller Home Price Indices from Standard &

FAA Awards Commercial Drone Exemptions

Federal Aviation Administration approves 400-plus commercial drone exemptions As of late May 2015, the Federal Aviation Administration had granted 434 section 333 exemption petitions, which allow for the commercial use of unmanned aerial vehicles, or drones, and among them,

Freddie Mac Research: Rising Rents Do Not Increase Homeownership

New Freddie Mac research casts doubts on notion that rising rents push consumers toward homeownership It has been a common narrative in the post-boom housing market that rising rents would eventually push more consumers toward homeownership, but new research

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