Current Market Data

5 Interesting Takeaways From the New Home Sales Report

Everyone is reporting on February’s new home sales numbers, but what broader trends do the numbers reveal? You’ve surely seen the headlines by now: the sales of newly built single-family homes in February fell 3.3 percent from January, and

Chicago Home Prices Up Yearly, Down Monthly in Case-Shiller

It was a contradictory month for home prices in the Chicagoland area, according to the latest Case-Shiller. January was a most contradictory month for home prices in the Chicagoland area, according to the latest Case-Shiller Home Price Indices from

NAR: Existing-Home Sales Soften in Feb. to Lowest Level Since 2012

Existing-home sales continue to level out in February, according to the latest analysis by NAR. Existing-home sales continue to soften in February, falling 0.4 percent from January to February and 7.1 percent from Feb. 2013, according to the latest

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,

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