Current Market Data

NAHB: Builder confidence drops in May on tariff uncertainty

The association noted, however, that 90% of the responses to its survey tracking homebuilder sentiment were received before the announcement of a 90-day reprieve in U.S.-China tariffs. 

NAR: Affordability gap persists despite improvements in housing supply

Driven primarily by the construction boom during the pandemic, the housing market has seen some improvements in affordability, but homes remain out of reach for many would-be buyers.

Chicago is a Midwest leader of the micro-housing movement

For many renters, like new grads, people who travel frequently for work, recent divorcees or young couples, living small just makes more sense.

mortgage applications
MBA: Mortgage applications rise as housing inventory increases

The most recent Weekly Mortgage Applications Survey shows homebuyer activity continued despite the economic uncertainty. 

MRED: New listings hit high for the year in Chicago last week

Listings under contract were also probing new heights for 2025, according to the MLS’s Weekly Market Snapshot. 

HomeSmart upgrades yard signs with SmartSigns and SmartRiders

HomeSmart’s yard signs will now have QR codes and NFC (Near Field Communication) tags allowing home shoppers to access property details.

NAR: Staging a home can increase sale price by up to 10%

Homes that are professionally staged not only attract more attention from potential buyers — they also sell faster and for more money, according to data from the National Association of Realtors’® 2025 Profile of Home Staging.  

Cotality: Pace of home-price growth slows in March on economic concerns

Despite the deceleration, the company, formerly known as CoreLogic, expects prices to rise another 4.9% over the next year.

March’s interest-rate slide prompts jump in pending home sales

The National Association of REALTORS’® Pending Home Sales Index rose 6.9% in March, compared to economists’ expectations of a smaller 1% gain.

March home sales slide in Illinois, Chicagoland but inch higher in the city

At the same time, “historically low” inventory managed to post gains, Illinois REALTORS® said. 

New-home sales climb in March in the face of high mortgage rates

The pace of sales rose 7.4% compared to February, topping analyst estimates by a large margin.

Matthew Gardner’s Q1 2025 market insights

Prominent real estate economist Matthew Gardner shares insights on the first quarter of 2025 — including his takes on tariffs, immigration, brokerage acquisitions, mortgage rates and more.

Suburban homes take longer to sell in March

In addition to homes sales declining, deals also took longer to close, Mainstreet REALTORS® said.

New-home construction drops more than expected in March

The surprisingly large decline in the pace of housing starts comes as builder sentiment remains depressed by tariff worries and high prices. 

Millennial homebuyers value quality over space

A majority of millennial home buyers would choose a smaller home if it offered better amenities, according to a new report from National Association of Home Builders.

Zillow: How online listing stats affect the speed of home sales

“Each interaction indicates buyer interest in that home, and listings with higher engagement levels tend to sell faster and at or above the list price,” Zillow Senior Economist Kara Ng explained.

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