Current Market Data
There are many positive things happening in housing right now, but this may be the most encouraging trend of all. On the surface, NAR’s latest existing-home sales report is not a very positive affair, with sales falling 6.1 percent
Though Chicagoland’s for-sale market is showing signs of a seasonal slowdown, its rental market continues to charge ahead. The rental market in the Chicagoland area continued its ascent in 2014’s fourth quarter, completing one of the strongest rental years in
We all know that our housing market has quite a bit of value behind it, but what’s the big number that it all adds up to? We’ll cut straight to the big number – $740 billion. That’s the cumulative
What obstacles remain in the homebuying process? Consumers have many expectations for the housing market in 2015, but they’re also operating under little allusion as to the obstacles that remain in place between them and their dream home. So
Agents may be looking up when it comes to 2015’s housing market, but how do consumers feel about the impending year? The news cycles have been chock-full of stories on what analysts and trade professionals expect for housing and
Economic sentiment has been pretty low for some time here in America, but does new survey data show that’s changing for the better? After a long purgatory, it seems that Americans are finally re-gaining their confidence in the economy,
What should be on your horizon, as the 2015 housing market begins to take shape? The 2015 housing market is nearly upon us, and to help you prepare in your business, we’ve described below three of the big trends
S&P’s newest Case-Shiller report revels a slow climb towards balance and a strong end to 2014. It was another month of balance for the Windy City, according to the newest Case-Shiller Home Price Indices from Standard & Poor’s. Chicago
Chicagoland’s luxury market is on the rise. But how does that bode for the rest of the industry? The story of Chicago over the last 12 months can be summed up in a single word: bifurcation. Though the market
Yet again, Chicago’s Near North Side neighborhood triumphed. Last week, we reported that Aurora was the place to be for home sales in Chicago’s suburbs in November, and now, in a follow-up report using the same information from Redfin, we’ve found
Negative equity may be down in Chicagoland, but that doesn’t mean that it’s no longer a problem. Last week, we reported a much-needed dosage of good news – that after peaking a few years back, negative equity in Chicagoland has
These were Chicagoland’s top-selling suburbs, according to the latest data November was a good month to be an agent in Aurora – according to numbers that Redfin provided us, the town was not only the top-selling Chicago suburb last
The latest new home sales report is out, but what details of that report should you keep in mind for your business? The latest Census Bureau report on new construction dropped this morning, and it concerns the home sale
Hey! Congress did something good! Here’s a great piece of news for the holiday season – in a refreshing act of bipartisanship, the Senate approved a measure 76-16 this week to extend the Mortgage Debt Forgiveness Act (MFA) through 2015;
Numbers may have been down in Chicagoland’s housing market in November, but it all is part of a larger plan. Home sales in the nine-county Chicagoland area were down 8.8 percent year-over-year in November, while median sales price was up
As the temperature falls, so have existing-home sales, but numbers still indicate a slow return to normalcy. The market peaked for 2014 in October, according to the National Association of Realtors recently released existing-home sales report. In November, existing-home