Current Market Data

Rated X – the 7 Things You Should Know About Gen X Homebuyers

What are the most important trends and details about Generation X, as it pertains to the housing market? For our second story on NAR’s Home Buyer and Seller Generational Trends report, we’re looking at the one generation that is rated

What Were Chicagoland’s 10 Busiest Suburban Markets in February?

Where was the real estate action taking place in Chicagoland’s suburbs in February? We all saw the headlines, and they weren’t pretty: with the winter weather in full force, home sales in the Chicagoland region were down 8.2 percent

Nasty Weather Pushes Chicagoland Home Sales Down 8.2% in February

Winter was none too kind to Chicagoland in February, with his cold gusts and snowfall harming the area’s housing market. The bitter winter weather was unkind to home sales in the nine-county Chicagoland area, which fell 8.2 percent year-over-year

How Does Growing Inequality Affect the Housing Market?

Economic inequality is surging just about everywhere; how could that impact the local housing market? Income inequality has become a major news item in recent months, and for good reason – by almost every economic measure, inequality has increased

The 4 Things You Should Know About the ‘Post’ Generation

They’re called the “Post” generation and “Generation Z,” but they mean big things for the country in the coming decades. Here at Chicago Agent, we report often on the Millennial Generation, and for good reason: at 80 million strong, Millennials

New Home Construction Slips a Bit in February

The nation’s construction sector continued to bump along in February, with all measures putting out lukewarm numbers. Another month, another around of lackluster construction numbers from the U.S. Census Bureau. According to the Bureau’s latest report, housing starts were

How Do Buyers’ New Home Preferences Differ by Ethnicity?

Many factors influence homebuyer preferences when looking at newly built homes, including their ethnicity. When looking at preferences among the buyers of newly built single-family homes, how do those preferences differ when looking at the buyers’ ethnicity? According to

NAHB: Builder Confidence Inches Higher in March

Builder confidence stabilized in March after experiencing its worst month in sometime in February. After a horrid month that saw builder confidence fall to its lowest level in 12 months, the NAHB’s Housing Market Index stabilized in March. The

7 Very Important Details About Millennial Homebuyers

Millennial homebuyers will be the next great source of housing demand; what traits set them apart from other generations? The National Association of Realtors’ Home Buyer and Seller Generational Trends report is among the more detailed homebuyer surveys out there,

Time on Market in Chicago Down 7.41%

Median time on market was way out of whack during the years of the downturn; has it finally turned the corner? Time on market has been among the most oft-watched measures of the housing recovery, and new numbers from

4 Ways First-Time Homebuyers are Losing Ground

Threatening to halt any progress the market made in recent years is the fact that first-time homebuyers are struggling mightily. In fact, the National Association of Realtors (NAR) recently reported that first-time homebuyers possess the lowest market share the

Housing Performance Differs Radically Across Chicago

‘A Tale of Two Cities’ is often summoned when discussing Chicago, and the metaphor is particularly apt for the city’s housing market. Recent housing numbers out of Chicago have been very impressive. In January, for instance, median price in

Price Per Square Foot in Chicagoland Leaps 16.5% in February

Property values in Chicagoland continued to increase markedly in February, according to the latest numbers. Home values have been rising steadily in many metropolitan housing markets, but did that progress end in February? Take a look at our graph,

The Future of Multifamily Housing, in 5 Easy Steps

Multifamily housing has been the darling of the post-boom housing market, but can it sustain its levels of success in 2014 and beyond? A couple weeks ago, amidst headline-grabbing reports on home sales and construction, there was a little,

The 4 Problems with Rising Home Prices

We know, rising home prices are a very good thing, but are there elements of housing that they actually harm? We’ll start off with an affirmative statement – there are many good things that come about from rising home prices.

Redfin Real-Time Survey says Home Sellers get Confidence Boost in the First Quarter

The latest Redfin Real-Time Seller Survey says a new year brings new optimism and worries for their home-selling clients. The polled surveyed 466 homeowners across 22 metro areas in the U.S and suggested that home sellers were feeling slightly

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