Current Market Data

5 Takeaways From the Latest New Home Sales Report

The Census Bureau came out with its latest report on new home sales this week; what were its main findings? #152392688 / gettyimages.com The U.S. Census Bureau released its latest findings on new construction housing this week with a

New Home Sizes in the U.S. Just Keep Growing and Growing and Growing

It’s no mystery that newly built single-family homes are pretty big nowadays, but the latest data still surprises. #173750263 / gettyimages.com The last couple of years, we’ve been steadily tracking the return of large new construction homes, but even we

The 10 Top-Selling Suburbs in Chicagoland

What suburbs in Chicagoland saw the most sales activity in Chicagoland in the rainy month of May? #140686864 / gettyimages.com We reported yesterday on the wider home sales trends in Chicagoland, but what specific suburbs saw the highest number

NAR Report: Market Improving After “Lackluster” First-Quarter

New report finds national existing-home sales increasing for the second consecutive month. #183008215 / gettyimages.com Carrying the momentum picked up in April, national existing-home sales continued rising strongly in May, according to a report from the National Association of

Chicagoland’s Housing Market Continues to Normalize in May

Though the headlines will likely highlight Chicagoland’s drop in home sales, that decline is actually a good thing. #162503778 / gettyimages.com We’ll get the disappointing news out of the way: in May, home sales in the nine-county Chicagoland area

Chicagoland Home Prices Continue Ascent in Case-Shiller

April was another strong month for local home prices, according to the latest statistical wizardry of the Case-Shiller. #149906951 / gettyimages.com Home prices in the Chicagoland area posted another strong month of returns in April, rising 2.0 percent from

MRED Report Reveals How Chicagoland Did in May

With home prices and new listings on the rise, Chicagoland is continuing along its lengthy path towards recovery. #495404109 / gettyimages.com A new report compiled by Midwest Real Estate Data, published early Monday morning, marked another step in the

5 Eye-Opening Stats on How Referrals Truly Work

We all think we have a handle on how real estate referrals function, but the following stats are still eye popping. #151910629 / gettyimages.com Everyone and their uncle knows that referrals for the bedrock of any flourishing real estate

Low Downpayments are Much More Common Than You Think

We’re conditioned to think that downpayments lower than 20 percent are in scant supply, but the data doesn’t bare that out. #96161922 / gettyimages.com It’s the peanut butter and jelly of today’s mortgage markets – not only do lending

Builder Confidence Regains its Footing in June

After a few months of fluctuations, it appears builder confidence has regained its, well, confidence! #103724088 / gettyimages.com Builder confidence for the single-family new construction home marketplace rose four points in June to reach a level of 49, according

How Will Illinois’ Real Estate Market Look 4 Years From Now?

National real estate job prospects are expected to grow over the next eight years, but it is a much different story in Illinois. According to data provided by the U.S. Bureau of Labor Statistics, the real estate industry, particularly

The 7 Important Things to Know about Residential Construction

The Census Bureau’s new data on residential construction is out, but as always, we’re here to report on what lies between the lines. #482869355 / gettyimages.com Housing starts in the month of May reached a seasonally adjusted annual rate

NAR Report: What Do Job Growth and Construction Have in Common

A new report finds that construction is failing to meet the explosive level of job growth in many areas throughout the country; though, what that means is up for debate. #102853195 / gettyimages.com Earlier this month, the Department of

How Damaging, Really, Was 2013’s Mortgage Rate Increase?

Everyone knows that mortgage rates increased in a sudden, dramatic fashion in 2013, but how did that increase end up impacting housing? #98476417 / gettyimages.com It was the most dramatic story to hit housing since the downturn: on May

Is Chicagoland’s Inventory Heading Towards a Surplus?

New State of the Real Estate Market from Movoto highlights significant gains in inventory throughout the country, but not every metro was so lucky. #92418005 / gettyimages.com It’s been a good year for the Windy City and things are

Chicago Boasts Highest Price Per Square Foot Increases in Nation

May was another banner month on the price per square foot front, according to the latest numbers from Movoto. #152405650 / gettyimages.com Price per square foot in the Chicagoland housing market rose an incredible 27.6 percent year-over-year in May,

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