Current Market Data
Chicago continued to trail the pack in the latest Case-Shiller Home Price Index. Home prices in the Chicagoland metro area put up disappointing numbers in the latest Case-Shiller Home Price Indices, falling 0.9 percent from November to December and
In a recent article on new construction, we reported that the multifamily share of total construction had risen from 17.2 percent of the market in Jan. 2002 to 35.1 percent of the market in Jan. 2015. Such a striking
Agents are working hard to make 2015 a profitable year, but low inventories are keeping sales slow. January marked the start of a new year, but it was hardly the hit the ground running beginning the market was hoping
January was a rough month of real estate in the Chicagoland area. The numbers aren’t pretty: in the nine-county Chicagoland area, home sales fell 5.2 percent year-over-year to 5,619, according to the latest analysis from IAR; meanwhile, sales were
Whenever you see a report on America’s evaporating middle class, you should think about the implications for housing. Homeownership is a defining symbol of American middle class life; indeed, the quintessential image of a single-family detached house, complete with
Builder confidence is far above the rate of new construction; what gives? Here’s an interesting nuance to the housing recovery: the Housing Market Index, which tracks builder confidence, dropped a couple points from January to February, finishing at 55;
Just how dramatic has housing shifted towards rentals, in the last seven years? Fifty-two percent of Chicago residents now live in rental housing, up from 46 percent in 2006; as if that weren’t enough, the renter population in Chicago
Why are mortgage rates still so low? Allow us to count the ways. Average rates for the 30-year FRM may have ticked up last week, but they remain at their lowest point since May 2013. What’s behind the low stature
It was the same old story in January, with multifamily construction leading the way. Another year, another setting for multifamily dominance in residential construction. That was the central lesson from the Census Bureau’s latest report, which found multifamily permits, starts
A new study from the Federal Reserve brings more evidence to the table on the damaging economic effects of high student debt burdens We’re written in the past about the effects of student loan debt on the housing market
The last couple weeks, we’ve been analyzing exclusive numbers from the CoreLogic Housing Credit Index, a detailed look at mortgage availability. Our central question has been a simple one: is it any easier, nowadays, to attain a mortgage? And after
Rental supply in Chicago is about to change dramatically. This year will prove a record-breaking one for Chicago’s rental community, with more than 3,000 new apartments set to hit the market, according to a new article from The Chicago Tribune.
CoreLogic report shows widespread drops in cash sales. Cash sales continued to drop in November, according to a new report from CoreLogic, which found an increasingly significant portion of all-cash buyers leaving the market, particularly investors. Ebbing closer to
It’s been a rollercoaster ride following the nation’s mortgage markets, so we decided to take a more long-term view at some of the key stats at play – and how, with only one exception, things have improved by quite
Minority groups have a harder time accessing mortgages in the U.S., but it’s particularly pronounced here in Chicagoland. In the Chicagoland metro area, 32.1 percent of African-Americans are denied in their applications for conventional mortgages, according to a new
Foreclosure activity in 2014 ended well, but pockets remain in dire straights. To cap off 2014, the national foreclosure inventory continued deflating, falling a staggering 34 percent year-over-year, according to CoreLogic’s newest foreclosure report. As of December, the nation’s