Current Market Data
Moderate home price gains in February suggest the market may be stabilizing. Home prices continued their strong ascent in February, according to CoreLogic’s newest Home Price Index. Including distressed sales, home prices climbed 5.6 percent from the same time
The numbers could not be clearer: Hispanics will play a greater and greater role in the U.S. housing market. Hispanics are growing in prominence in the United States, and in few areas will they have a more pronounced impact than
Did job growth slow in March, or continue on its strong, steady path? The Labor Department announced earlier today that the U.S. economy added 126,000 jobs in March, which not only ends a 12-month streak of 200,000-plus jobs added,
It’s been common knowledge that Chicagoland’s rental market is on fire, but is that narrative slowly changing? For some time now, the rental narrative has been one as commonly told as that of low mortgage rates. Rents, spurred on by surging
Where, in the wide range of Chicagoland’s suburbs, are home sales the highest? Last week, we reported that after a disappointing January, home sales in the Chicagoland area bounced back in a major way in February, improving 3.7 percentage
Could sky-high rents be the final push Millennials need to buy a house? Record-low home prices and historically low mortgage rates have not been enough to entice Millennials to buy homes, but now analysts have struck on another economic
Home prices in Chicagoland are growing, albeit at a slow rate. Chicagoland home prices posted lukewarm numbers in the latest Case-Shiller Home Price Indices, which looked at data from Dec. 2014 to Jan. 2015. From December to January, Chicagoland
A new survey from Redfin shows a shift in how consumers are approaching the agent selection process. It’s a new world in the wake of the financial crisis, a new survey from Redfin shows, one where tethers to quality have
Pending home sales are at their highest mark in nearly two years, and all because of one thing. Pending home sales in February rose to their highest mark since June 2013, according to the latest Pending Home Sales Index
Housing affordability is a major problem, and new research has added an additional wrinkle to the crisis. Housing affordability (especially in the new home market) may be worsening nationwide, but it has nothing on the affordability squeeze facing renters
What was the deal with our local new construction marketplace last month? February proved a lackluster month for residential new construction in the Chicagoland area, according to new numbers from Dodge Data & Analytics. For the month, residential construction
We all know that the economy has improved in recent years, but we also know (and with similar levels of confidence) that there remain considerable hurdles for many Americans in today’s economy. Take a look through our informative graphic
We all know the Internet is prominent, but there are interesting details to how homebuyers search for homes nowadays. It’s no mystery that the Internet is the defining conduit for real estate today, but NAR’s Home Buyer and Seller
Everyone should be concerned about rising levels of inequality – especially residential real estate professionals. The Brookings Institution just updated its data metrics on inequality in the U.S.’ largest metro areas, and the results are – to put it
Sure, new home sales were up in February, but there’s much more than meets the eye. On the surface, it looks like February was a very positive month for sales of newly built single-family homes. According to the latest
NAR’s report found existing-home sales improved in February, but those gains were offset by skyrocketing home prices. Existing-home sales increased modestly in February, a report from the National Association of Realtors discovered, but shallow inventories across the country are