Current Market Data

Fed Study: Student Debt Clearly Pushing Down Millennial Homeownership

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

Are Certain Kinds of Mortgages Easier to Attain Than Others?

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

Thousands of New Rentals to Hit Chicago Market in 2015

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.

Chicago Cash Sales Fall Below National Levels

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

3 Promising Graphs on the Nation’s Mortgage Markets

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

In Chicago, Black Mortgage Applicants Denied Three Times the Rate of White Applicants

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

Chicago Foreclosures Remain Above National Levels in December

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

RealtyTrac: A Rise in Zombie Foreclosures a “Good Sign”?

Hundreds of thousands of homes have fallen into zombie foreclosure, RealtyTrac says, but it might not be the worst thing ever. In RealtyTrac’s recently released Q1 2015 Zombie Foreclosure Report, the real estate research company discovered that of the

Chicagoland Begins 2015 with Modest, Realistic Price Gains

Chicagoland did not set the world on fire with its rise in asking prices, but that’s perfectly fine Asking prices in Chicagoland began 2015 on a sobering note, according to the Trulia Price Monitor. Though prices were up a

Chicagoland’s Top-Selling Suburbs in 2014

What suburbs finished out 2014 on top? We recently reported on Chicagoland’s top-selling suburbs of Dec. 2014, and now we’re back (using numbers from Redfin’s Market Tracker) to report on what suburbs saw the most sales for all of 2014.

Do the Seasons Really Make a Difference in Chicago Real Estate? Not Really

One may think that warmer months are better for selling homes, but the data tells another story. What if we were to tell you that it really makes no difference when you list your client’s home, in terms of

3 Highly Positive Details in the Government’s New Jobs Report

There were some very positive things to report in the government’s latest job numbers. The U.S. economy started out 2015 with a bang, adding 257,000 jobs in January, according to the latest report from the Labor Department. Of course, there

Multifamily Construction Comprises Huge Share of Chicagoland New Construction

We’ve covered multifamily ascendence before, but this is the most telling statistic of all. Earlier this week, we reported on two facets of new construction: first, that overall construction spending in Chicagoland grew by hefty amounts in 2014; and

The 3 Important Characteristics of Today’s First-Time Homebuyers

What is the marital status of the typical first-time homebuyer? What are the demographics? And finally, how have those stats changed in recent years, and what does America’s ever-diversifying landscape suggest? To find out, see our infographic below, which

Guaranteed Rate Releases Q4 National Mortgage Market Summary

Guaranteed Rate released its quarterly summary of the mortgage market, which found an increase in purchased loans and a return of the ARM. Analyzing data housed in its massive database of home loans, Guaranteed Rate, one of the nation’s

Are Lending Standards Looser For Refinancing Than For Purchasing?

Last week, we reported that lending standards have see-sawed up and down the spectrum the last few years, but does that trend change at all when we look at the separate lending standards for refinancing and purchasing loans? Once

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