Current Market Data

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

CoreLogic: Chicagoland Foreclosure Inventory Down 38% in January

Our fine metro area continued to make progress through its foreclosure inventory in 2013, according to new analysis. Foreclosure inventory in Chicagoland is down a whopping 38 percent year-over-year through January, according to the latest National Foreclosure Report from

What Features Will Be Most Common in New Homes in 2014?

The features in a new single-family home change all the time, but what trends will be most common in 2014? Granite countertops? Walk-in closets? Laundry rooms? Yes, yes and yes. There are many possible things that can go into

Asking Prices in Chicagoland Up 14.2% in February

Confidence remains strong among Chicagoland home sellers, with asking prices posting yet more increases in February. Asking prices in the Chicagoland housing market increased 14.2 percent year-over-year in February, according to the latest Price Monitor from Trulia. In addition,

7 Important Tidbits About Today’s Housing Market

Housing’s importance cannot be questioned, though there is considerable nuance to where the market is heading. Last week, we looked at the latest study from the Demand Institute, and its eye-popping predictions on where home prices are heading for

The 4 Steps of Rate Lock-Ins, and Why They’re Trouble For Housing

Do you know what an interest-rate lock-in is? No? It could have a defining effect on housing in the coming years. Pop quiz hotshot: what is the market phenomenon known as the interest-rate lock-in, and how does it apply

21% of Chicagoland Properties Still in Negative Equity

How had the negative equity situation, both at home and abroad, progressed the last few months? Nearly 79 percent of mortgaged properties in Chicagoland are in positive equity, according to the latest Equity Report from CoreLogic. That makes Chicagoland

CoreLogic: Chicagoland Home Prices Jump 12.6%

Home prices continued their double-digit performance in January, according to the latest CoreLogic numbers. Home prices in the Chicagoland housing market rose 12.6 percent year-over-year in January, according to the latest Home Price Index (HPI) from CoreLogic. That exceeded

Chicago Housing Inventory Down 7.6% in February

Though housing inventory was down in Chicago in February, there do seem to be signs of improvement. Housing inventory in the Chicago housing market fell 7.6 percent year-over-year in February, according to the latest State of the Market report

What Share of Illinois’ 2013 Home Sales Were New Construction?

We all know that new construction has made steady progress the last couple years, but what’s its share of home sales? As we reported last week, new home sales remain historically low. Though they did hit their highest mark

New Residential Construction in Chicago Flat in January

The latest numbers from McGraw Hill Construction gave us insights to the nation’s new construction markets. New residential construction activity in Chicagoland increased slightly in January, with total construction spending increasing 1.0 percent from $130 million to $131 million,

Census Bureau: Construction Spending Up 9.3% in January

Construction spending continued to improve in January, with private construction showing particularly good progress. Construction spending may have been flat month-to-month, but its yearly progress was strong as ever, according to the latest report from the Census Bureau. At

NAR: Pending Home Sales Flat in January

Pending home sales continued their sluggish performance in January, though worst may still be to come. Pending home sales were flat in January, according to the latest analysis by the National Association of Realtors. Per NAR’s Pending Home Sales

Chicagoland’s Top 10 Suburban Housing Markets in January

Home sales in Chicagoland slowed a bit in January, but what individual markets performed the best? Home sales in the Chicagoland chilled a bit in January, falling 8.9 percent year-over-year. Behind that disappointing number, though, what housing markets performed

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