Current Market Data
Danielle Hale of NAR tackles existing-homes sales to determine what the most popular closing dates of 2014 were. It’s a whimsical if not slightly tired cliché to say “it’s all in the timing,” but in rare form, it’s one
Sure, the economy is doing better than it was a year ago, but the narrative extends far deeper than that. New survey data from Pew Research is very much in line with the government’s latest jobs numbers, as more
Trulia’s fourth quarter Housing Barometer explains how housing ended 2014 on a good note. Trulia released its newest Housing Barometer this week, which reflects 2014’s fourth quarter on a scale of 0 percent (recession levels) to 100 percent (pre-crisis
Okay, we all know that mortgage rates are low right now…but just how low? With mortgage rates expected to rise in 2015, we decided to take a closer look at the historical averages for rates – and via numbers from Freddie
Cash sales are on the decline, but still represent a large chunk of the market. Recovery was the word in 2014, as the national real estate market shifted and readjusted to find its footing, and as we slowly begin
We’ve come a long ways since the market crash, but new research suggest we’ve still a ways to go. Asking prices may be up in Chicago by 9.6 percent, but the market remains undervalued to market fundamentals, according to
We know that many Millennials are sitting on the homeownership sidelines, but what about the peeps who DO buy homes? We report quite regularly on the myriad reasons that Millennial homeownership remains low, but what the Millennials who have
November saw foreclosures drop…just not everywhere. Nationwide, the plague of foreclosures persists, but their frequency has dwindled to much more manageable and healthy levels, according to the latest report from CoreLogic. As of November 2014, completed foreclosures were 41,000,
There have been some positive developments in housing and the economy, as of late, that that has not translated to widespread sentiment among consumers. Call it “The Great Economic Divide.” Though the economy and the housing market have both
Are we finally seeing the triumphant return of first-time homebuyers? We’ve reported in considerable detail that first-time homebuyers currently make up a historically low portion of the nation’s homebuying pool, but could that trend finally be on its way
Housing has made definite progress the last couple years, but there remain pitfalls on the long, winding road to recovery. Mortgage rates remain at record lows; home sales, though down from 2013’s highs, are still miles ahead of the
CoreLogic’s third quarter equity report helps instill confidence for 2015. Early today, CoreLogic released its quarterly equity report, detailing the state of both the nation and individual metros in regards to the current level of equity in the market.
The news was ALMOST uniformly good for the housing market in the latest government jobs report. The economy ended 2014 in a most delightful fashion, with the government releasing a very positive jobs report for December. How does such
Asking prices ended the year with a bang, according to new analysis. The Chicagoland housing market closed off 2014 in a strong way, with asking prices rising 9.6 percent for the year, according to the latest Price Monitor from
Latest CoreLogic report shows prices falling moving into 2015. However, experts say we’re still poised for a strong year. National home prices climbed yet another rung on the industry ladder in November, according to CoreLogic’s latest home price report.
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