Current Market Data

Builder Confidence Continues to Slip in May

May was another lackluster month for confidence in the homebuilding sector, according to the NAHB, as homebuilding ran into some economic barriers. #479533631 / gettyimages.com Builder confidence in the market for newly built, single-family homes in May fell one

The 5 Simple Reasons that Millennials are Not Buying Homes

Why on earth are Millennials not buying homes? It turns out there are pretty straightforward reasons behind their absence. #171287367 / gettyimages.com The housing market has, thus far in 2014, been putting up some pretty lukewarm numbers, and the relative

Chicagoland a Perfectly Accessible Market for Middle Class Buyers

We always hear about how homeownership is central to the middle class dream, and new data suggests that it’s quite feasible in our housing market. #485210071 / gettyimages.com Homeownership and the middle class go together like peanut butter and jelly

3 Things to Know About the Most Powerful Man in Housing

Mel Watt, the recently installed head of the FHFA, delivered his first major address on housing this week; here were the main takeaways. #171644428 / gettyimages.com Mel Watt, who is the director of the Federal Housing Finance Agency (FHFA),

Shocker: Even FICO Thinks Lending Standards are Too Tight

It’s one thing for NAR to think that lending is too strict, but now even FICO has thrown its voice into the mix. #182982451 / gettyimages.com For some time, tight lending standards in the post-bubble housing market have been

Vast Majority of Chicagoland Listings Below Conforming Loan Limits

With talk in the air about overhauling Fannie Mae and Freddie Mac, how much sway does conforming loan limits have on our market? #157336161 / gettyimages.com Fannie Mae and Freddie Mac, the massive government-sponsored entities that are responsible for the

Trulia: Asking Prices in Chicagoland Continue Their Ascent

Prices have risen strongly thus far in 2014, and April only continued that hot streak. #122676840 / gettyimages.com Chicagoland’s home price increases in 2014 continued in April, with asking prices rising 12.8 percent yearly and 4.1 percent quarterly, according

The 6 Assorted Reasons that People Prefer New or Existing Homes

Some consumers prefer newly built homes, while other prefer existing residences; why is that? #486077819 / gettyimages.com It’s always been a give-in that some consumers will prefer newly built homes while others opt for an existing residence, but an

5 Good Things Happening Right Now in Housing

There’s been quite a bit of negative press swirling around housing lately, but we’ve got some pleasant developments to hang your hat on. #461497687 / gettyimages.com There’s no two ways about it – the last few weeks, at least

Chicagoland Housing Inventory Reverses Course, Rises in April

It finally happened – housing inventory increased in Chicagoland! #171583862 / gettyimages.com It’s been a epic tale – housing inventory in Chicagoland – one of twists, turns, betrayals, and now, redemption. Indeed, though it may be hard to believe,

Career Successes/Retirement Propel Luxury Housing Market

Realtor.com’s survey of luxury housing continues to yield interesting findings about that most important sector of housing. #479997555 / gettyimages.com The last couple weeks, we’ve been covering realtor.com’s survey of the luxury housing market with glee, with our stories

A Surprising Number of Homeowners Suffer “Buyer’s Remorse”

We don’t like to pair the term “buyer’s remorse” with real estate, but new survey results suggest we should. The term “buyer’s remorse” is often associated with cars and appliances, but a new survey from Redfin suggests that a

The Great News Behind Chicagoland’s Disappointing Q1 Home Sales

Though it may seem like the Chicagoland area saw a disappointing first quarter of real estate, some digging reveals encouraging trends. #186437081 / gettyimages.com On the surface, the Chicagoland real estate market had a disappointing first quarter in 2014,

Spring Brings Double-Digit Price Increases to Chicagoland Market

This year’s stellar home-price gains continued into the spring, according to CoreLogic’s latest analysis. #485935355 / gettyimages.com Home prices in the Chicagoland housing market rose 11.3 percent year-over-year in March, according to the latest Home Price Index from CoreLogic.

Even With Price Hikes, Homeownership Still the Better Deal in Chicago

Home prices have increased in a hurry the last year, but has that made homeownership any less practical in certain markets? #476846255 / gettyimages.com In the immediate years after the housing bubble popped, the answer to “rent or buy?”

The 4 Things Currently Ailing the Housing Market

Housing has gotten off to a slow start in 2014, and as we approach the year’s halfway point, a diagnosis is in order. #485205213 / gettyimages.com If the last couple of weeks have made anything clear, it’s that the

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