Current Market Data

The 10 Biggest Challenges Facing Homebuilding in 2015

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

Will Looser Lending Standards Increase Homebuying? Not Necessarily

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

CoreLogic: Chicago Cash Keeps City Ahead of National Curve

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

Study: Winnetka the 2nd Richest City in America

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

CoreLogic: Windy City Foreclosures Fall, Again

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

Chief of State, Not Chief of Housing

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

Investor Interest Surges in First Quarter Flipping Report

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.

April’s Jobs Report: Unemployment, Construction and Wages

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

The 10 Most Competitive Housing Markets in Suburban Chicago

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

The 5 Reasons Why Housing Inventory is So Low

We keep hearing how low inventory is in today’s housing market, but why is that the case? The National Association of Realtors’ existing-home sales report for March was an altogether positive take on housing, with sales rising 6.1 percent

4 Important Stats on the State of New Construction in Chicagoland

What is the state of new construction in Chicagoland, as the market creeps towards recovery? New construction in the 10-county Chicagoland area stumbled somewhat in 2015’s first quarter, with new home sales falling 4.2 percent from 2014 to 1,047

3 Shocking Ways That Inequality is Harming Housing

A new Zillow analysis shows in stark terms just how damaging inequality is for housing’s future. Call it “The Great Housing Divide.” Although homeownership – on the strength of record-low mortgage rates – remains incredibly affordable, rising levels of

CoreLogic: Distressed Properties Hobble Windy City Home Prices

March represents another month of home price appreciation, according to CoreLogic. CoreLogic released its March Home Price Index (HPI) today, and the findings reflected a continued strengthening of prices nationwide. Including distressed sales, national home prices rose 5.9 percent in

Non-Homeowners Show No Signs of Jumping on Buying Bandwagon

We keep hearing that many consumers are ready to enter the homebuying fray, but new analysis casts doubt on that sentiment. Fewer and fewer Americans are planning on purchasing a home, according to a new survey from Gallup. Gallup’s

Chicagoland New Construction is Booming in 2015

This year is shaping up to be a transformative one for new construction in Chicagoland. After several years in the shadows, it seems that Chicagoland’s new construction marketplace is finally returning to prominence. According to the latest analysis from

Americans See Real Estate as Best Long-Term Investment

Housing may have taken a beating during the downturn, but its reputation has recovered marvelously in the public’s eye. Americans consider real estate as their best long-term investment, according to a new survey by Gallup. That’s the second year

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