Current Market Data

The 4 Jobs that Builders Desperately Need Workers For

We’ve been hearing for some time that there is a shortage of construction workers, but is there any truth to that? Answer: Oh yes! #143991371 / gettyimages.com There have been many memes in housing these past couple years, and

The Nation’s Mortgage Markets – in Two Easy Charts

The residential mortgage marketplace is often made into a complicated beast, but we’ve got two charts that explain it easily. #90537529 / gettyimages.com The residential mortgage market is a massive, multi-trillion dollar behemoth, and as such, it can often

CoreLogic: Chicago Home Prices Increased How Much?

CoreLogic released home price increases for June, and most market appear to be well on their way to a full recovery. But not all. Home prices are continuing to rise in Illinois’s hottest real estate market, Atlanta, which bodes

The 5 Perks of a Newly Built Home

What are some of the perks of pursing a newly built home for your clients? Below, we collect several of the most notable

Nearly a Quarter of Banks Report Easing Lending Standards

Are lending standards starting to ease up? That seems to be the implication of new survey data from the Fed. #185239684 / gettyimages.com Nearly a full quarter of banks reporting eased lending standards in 2014’s second quarter in the

Report Reveals Construction Activity For June

Residential construction is gaining ground in many metropolitan areas in the U.S. Unfortunately, not everyone did so well in June. McGraw-Hill released its June construction report this week, and the news confirmed more of what’s been taking place in Chicago recently: despite strong

Construction Spending Maintains Solid 2014 Increases in June

Though the month-to-month data was flat, construction spending remained in positive territory in 2014. Construction spending in June maintained its strong growth from 2013, according to the latest report from the Census Bureau. Though overall construction spending was down

How Mobile is Taking Over Real Estate

Mobile design moved swiftly through real estate websites, and it’s now poised to take over the industry. #184078342 / gettyimages.com Everybody knows that with each passing year, mobile browsing seizes a larger and larger share of the real estate

The 3 Reasons Why New Homes Remain in Short Supply

The supply of newly built single-family homes remains quite low; why is that? Last week, we reported on the lackluster new home sales report, which found that sales of newly built single-family homes fell by 8.1 percent from May

CoreLogic Targets Chicagoland Foreclosures in New Report

Almost seven years after the collapsing of the housing bubble, and CoreLogic says the nation is recovery swiftly – maybe too swiftly, in fact. On Thursday, CoreLogic released its June National Foreclosure report, which showed minimal but steady year-over-year

Why You Should Ignore the Homeownership Rate

Media outlets the industry over are reporting on the Commerce Department latest homeownership report, but is the data reliable? The coverage was quite widespread – earlier this week, the Commerce Department reported that the homeownership rate in the U.S. hit

5 Tips for Building an Effective Online Presence

More and more buyers and sellers are starting their home search online, which means having an effective online presence is more important than ever. #157305213 / gettyimages.com Marketing has always been a crucial part of establishing an effective real

Tight Lending Standards Represent Future Challenge

A recent analysis from Goldman Sachs revealed that despite loosening standards, securing a mortgage is still a considerable challenge. #142900667 / gettyimages.com In the wake of the housing bubble collapse and the subsequent economic downturn, concerned homebuyers and professionals

Pending Home Sales Reverse Course, Fall in June

After three solid months, pending home sales took a step back, according to NAR’s latest analysis. The Pending Home Sales Index, NAR’s measurement of contract signings for existing-home sales, fell 1.1 percent from May to June and 7.3 percent

Chicagoland Home Price Increases Among Nation’s Best in Case-Shiller

The good news continued for Chicagoland home prices, according to the latest Case-Shiller. Home prices in the Chicagoland area continued their ascent through May, according to the latest Case-Shiller Home Price Indices from Standard & Poor’s. Not only were

The 8 Referral Methods Foreign Consumers Use When Choosing an Agent

We all know that foreign homebuyers operate in different ways than U.S.-born consumers, but how do they ultimately choose their agent? #109724973 / gettyimages.com Earlier this week, we reported that international home sales in the U.S. soared from 2013 to

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