Current Market Data
What Chicagoland suburbs saw the most home sales in April? April was a good month for home sales in suburban Chicago, with sales rising 12.8 percent year-over-year. Some suburban markets, though, performed better than others, and utilizing numbers from the
NAR documents 6 percent jump in existing-home sales Market indicators have detailed a continual progression towards normalcy since early 2014, but a hiccup in April’s existing-home sales could mark yet another slow down in the pace of progress, according
Chicagoland housing sales and prices up in April Spring was in the air for the Chicagoland housing market in April, with sales rising 7.4 percent year-over-year and median price jumping 10.5 percent, according to the latest market report from the Illinois Association of
After strong series of months, builder confidence a bit bumpy thus far in 2015 Builder confidence has been one of the unqualified success stories of the housing recovery, but weak economic fundamentals could hamper its progress. That’s one of
April new construction numbers excellent, but stats could be misleading On the surface, April was a fabulously positive month for new construction. Not only did housing starts jump 20.2 percent from March (the second largest jump ever recorded), but their
A study from ULI found that while most people are happy with their living arrangements, many are lacking in some fundamental amenities, like healthy food Real estate supports a wide spectrum of standards, encompassing a plethora of lifestyles and preferences
Housing in Chicago’s city market is doing quite well, but what neighborhoods are particularly competitive? Good news abounded in the latest Real Time Housing Market Tracker from Redfin, which offered an exhaustive overview of Chicago’s housing market in April.
Significant challenges remain on the homebuilding front, according to new NAHB research “Booming” is a word that has not been associated with Chicagoland’s housing market for some time, but no other adjective is more appropriate for the market’s new
Looser lending standards may not be the panacea for housing’s sideways growth For years, housing professionals have been holding their breath for looser lending standards to ride in and boost the market into a new era of prosperity, but
Despite an influx of investors to the market, cash sales continue to dwindle throughout the nation. It is a new market for traditional buyers, despite a recent report of surging investor activity, as once again cash sales fell in
A recent study ranked Winnetka near the top in terms of wealth and affluence Winnetka is the second-richest city in America, according to a new analysis from 24/7 Wall St. In its study, which looked at a number of economic
A new report from CoreLogic shows foreclosures are falling across the nation, mostly The nation’s foreclosure inventory is in decline, falling 25.7 percent year-over-year in March, which represents a continued effort to regain the market normalcy enjoyed in pre-crisis
A new study uses homeownership rate to rank the best and worst presidents for housing…but it’s a bit more complicated than that. In early May, economist Roger Thomas of ValueWalk.com released an analysis (of sorts) on homeownership rates from
A new report from RealtyTrac confirms investors are gaining traction in the flipping market. But is there enough inventory to go around? Single-family home flips were up in 2015’s first quarter, according to a RealtyTrac U.S. Home Flipping Report.
While unemployment continued declining in the new jobs report, slow wage growth points to an overall tighter labor market. The Labor Department released its April jobs report today and the response has been somewhat neutral, as limited gains tell
What suburban markets in Chicagoland are the most competitive? Last week, we reported on the top-selling suburbs in Chicagoland, and how Aurora and Naperville were once again at the top of the hill. Such a list, though, is heavily