Current Market Data

Builder Confidence Hits Major Milestone in June

The National Association of Home Builders’ Housing Market Index hit a major milestone in June, passing the holy 50 threshold. June was a banner month for homebuilders, with the National Association of Home Builders’ Housing Market Index, the key

Has Housing Inventory Gone Up or Down in Chicago in 2013?

Housing inventory seems to be picking up on the national stage, but what about specific metro areas, like our beloved Chicago? The nation’s housing inventory has been one of the most hotly followed aspects of the housing market in

Young Americans Interested in Homebuying, Men More Likely Than Women

The latest Mortgage Marvel survey revealed that young Americans are interested in homebuying this year, and men are more likely to show interest than women. Even though mortgage rates increasing, it is not stopping young Americans from expressing an

Despite Mortgage Rates Increasing, Buying is Cheaper Than Renting

Mortgage rates may have increased by 0.5 percentage points percent in the past month, but buying a home is still less expensive than renting. Even though there has been a recent increase in mortgage rates (the 30-year fixed rate over

Chicagoland Homes Going Under Contract Faster

It’s a classic case of supply and demand: demand for homes, on account of record low interest rates, is extremely high, while housing inventory, on account of skittish sellers and underwater mortgages, remains low. The result? According to the

Negative Equity Improves by Leaps and Bounds in U.S.

The negative equity situation continued to improve by wide margins in the U.S. housing market, according to CoreLogic’s latest research. The U.S. housing market’s equity situation continued to improve in 2013’s first quarter, with roughly 850,000 homes returning to

Don’t Fret – Rising Mortgage Rates are NOT the End the World

Though some headlines on rising mortgage rates have bared apocalyptic overtones, the housing market has some room to spare on rate increases. Mortgage have ticked up in recent weeks, and already, the doomsday headlines (many of them broadcasting the

Chicago Added to NAHB’s Improving Markets Index

Things are looking up in the Windy City, with Chicago being added to the NAHB’s prestigious Improving Markets Index. The National Association of Homebuilders’ Improving Markets Index increased to 263 markets in June, and one of the newest cities

Fannie Mae Study Finds that Renters Aspire to Homeownership

Fannie Mae finds that though renters are satisfied with their home arrangements, many still hope to achieve homeownership. Owning versus renting is one of the more common debates in real estate, and the latest research from Fannie Mae delved

What Would YOUR Client Compromise On?

Sad as it may be, the perfect home does not exist – what features would your clients be most willing to give up? It would be nice if we lived in a perfect world. Money would grow on trees;

Consumer Confidence on Housing Reaches All-Time High

Consumer sentiment towards the housing market reached an all-time high in the Fannie Mae National Housing Survey in May. May was a banner month for consumers and the housing market, according to Fannie Mae’s National Housing Survey for the

The 5 Most Important Trends Right Now in Real Estate

The real estate market is influx, and we’ve got the five most important trends to look for as the market continues to recover. Last week, the National Association of Realtors released its latest Realtor Confidence Index, which reported that

Foreclosure Markets Show Considerable Progress in April

The U.S. foreclosure markets made impressive strides in April, with completed foreclosures and foreclosure inventory both showing progress. 1.1 million – that’s the number of homes in the U.S. that were in some stage of foreclosure in April 2013,

Asking Prices Soar 9.5 Percent in Trulia Price Monitor

Asking prices exceeded rents for the second month in a row in the Trulia Price Monitor, with prices up in 98 of the nation’s 100 largest metro areas. It was another banner month for asking prices in May, with

Chicago Suburban Rent Prices Continue to Climb

Rent prices grow as demand for Chicago suburban apartments gets stronger Rent prices in the Chicago suburban area are continuing to climb, due to a strong demand for apartments, according to Crain’s Chicago Business. Because of tight lending standards

Realtor Confidence Soars in April to New Highs

Realtor Confidence has not only soared in 2013, but as of April, more than doubled from 2012. Home prices and home sales have been on the rise in 2013, and the latest analysis from the National Association of Realtors

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