Current Market Data

NAR Report: What Has Buyer Confidence On the Rise

New NAR report finds overall pending home sales improved for the second straight month in April, but not every region performed well. #163842031 / gettyimages.com In March, the National Association of Realtors’ Pending Home Sales Index, described as a

5 Reasons that First-Time Homebuyers Are NOT Returning Anytime Soon

First-time homebuyers have been missing in action for some time now, and it’s unlikely that they’ll return any time soon. #482143423 / gettyimages.com It’s no news to anyone – especially consistent readers of our news coverage – that first-time

Why Cash is King in Chicago

New research from Redfin reveals home buyers in major metros are abandoning their check books for the more comfortable feel of cold, hard cash. How does your area stack up? #sb10069816b-001 / gettyimages.com In the wake of tightening mortgage

Chicagoland Continues to See Rise in Residential Construction

Continuing its slow return to prominence, residential construction is gaining ground in many metropolitan areas in the U.S. Unfortunately, not everyone did so well in April. #479733853 / gettyimages.com The Chicagoland area has seen its fair share of rough residential construction months,

On a Salary Basis, Owning in Chicago is Downright Affordable

We often hear about how affordable a given housing market is, but looking at the actual salary needed to buy is quite eye opening. #160427001 / gettyimages.com To comfortably own a home in the Chicagoland region, a prospective homebuyer

The Winter May Have Been Horrible, But Are People Really Leaving Chicago?

Population dynamics are changing all over the nation and you might be surprised to see which major metropolitan areas are on the rise and which are struggling. #176247121 / gettyimages.com Quite frankly, the rapidity with which many major American

The Latest New Home Sales Report, in 5 Easy Steps

The government came out with its latest report on new home sales late last week, but what do all those numbers actually mean? #480983989 / gettyimages.com We’ll get the obvious information out the way first: according to the latest numbers

Chicagoland Home Prices Post Best Increase in 25 Years in Case-Shiller

In general, home prices have been slowing down a bit in 2014; was that the case in our market, according to the latest Case-Shiller? #140196782 / gettyimages.com Home prices in the Chicagoland area rose by both monthly and yearly

The 10 Top-Selling Suburbs in Chicagoland

What suburbs in the wide world of Chicagoland saw the most single-family home sales in April? #176591515 / gettyimages.com Last week, we reported that home sales stumbled a bit in Chicagoland, falling nearly 10 percent in April from the

NAR Report: Why April is the Month for Existing-Home Sales

After falling the first three months of the year, existing-home sales reversed course in April, according to NAR. #176580616 / gettyimages.com Early Thursday morning, the National Association of Realtors released a report showing that in April, and for the first

Chicagoland Home Sales Stumble Again in April

April was another lackluster month for home sales in the Chicagoland area, according to new IAR numbers. #157181762 / gettyimages.com Home sales in the nine-county Chicagoland area fell 9.9 percent year-over-year in April to 8,391 homes sold, according to

Appraisal Complaints Way Down in 2014, but Structural Flaws Persist

Bad appraisals were one of the more implicit side effects of the housing downturn, but is the worst behind us? #83590748 / gettyimages.com Forty percent of any demographic is an awfully large chunk of people, and in 2010, at

Negative Equity Persists in Chicagoland in a Mega Way

Though home prices have risen, negative equity continues to affect many homeowners – though not equally. #459305223 / gettyimages.com Home prices have risen in dramatic ways the last couple of years, but quite a few properties remain in negative

The 7 Key Things to Know About the New Construction Market

As usual, many media outlets have been focusing on the screaming headlines on construction, but more important trends simmer below the surface. #466064835 / gettyimages.com By now, you’ve surely seen the screaming headlines – in April, housing starts skyrocketed

11% of Real Estate Agents Cannot Write

We’ve all seen listings with lackluster writing and grammar, but how common are those listings across the industry? #461174833 / gettyimages.com Bad grammar. Misspellings. ALL CAPITAL LETTERS. Oh yes, we’re talking bad writing in real estate listings, something we

Great News: Delinquency Rate Falls to Lowest Level Since 2007

The U.S. mortgage markets have been improving gradually the last couple years, but the latest MBA data marks a significant accomplishment. #486080083 / gettyimages.com Yesterday, the Mortgage Bankers Association (MBA) graced us with a wonderful piece of housing news

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