Current Market Data
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
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 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
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.
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
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
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
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 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
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