Current Market Data

Zombie Foreclosures & Boomerang Buyers: Latest Real Estate Trends?

Does new foreclosure slang fit in with the latest real estate trends? We’ve heard of “short sales,” “shadow sales” and “cure rate.” Now, two other phrases have been used to describe some of today’s real estate trends: “zombie foreclosures”

April Construction Spending Up 4.3 Percent

Construction spending in April rose 4.3 percent from the year before, though residential construction was a bit more tepid by comparison. April was another solid month for construction spending in the U.S. economy, with overall construction spending for the

Has Housing Inventory Finally Bottomed?

Housing inventory has fallen precipitously the last couple years, but has it finally bottom now in 2013? It’s the question on everyone’s mind nowadays – when will housing inventory finally stop falling? Indeed, low housing inventory levels have wreaked

How Quickly are Homes Going Under Contract in Chicago?

With demand high and supply low, homes are pending at an alarmingly quick rate nationwide; but what’s the scenario like in Chicago? It’s a classic case of supply and demand: demand for homes, on account of record low interest

Studies Say Buying Makes More Financial Sense Than Renting

Buying a home has become more manageable and expected to stay this way for 30 more years The latest studies are showing that buying makes more sense financially than renting, according to the KCM Blog. The latest Existing-Home Sales

Pending Home Sales Reach Post-Bubble Milestone

The Pending Home Sales Index was up more than 10 percent in April, rising to its highest mark since the expiration of the first-time homebuyer tax credit. April was a solid month for pending home sales, with the Pending

What Online Features Do Home Shoppers Like the Most?

We all know that the Internet is the preferred way for today’s consumers to shop for homes, but what features catch their eye the most with online listings? New flash! Consumers today really like shopping online, particularly when it comes

Do Women in Real Estate Earn 40% Less Than Men?

The “wage gap” is among the more prominent topics in gender equality, and new Census Bureau numbers suggest real estate has an issue with the topic. The “wage gap,” which addresses the difference in pay that men and women

Chicago Home Prices Up 7.8 Percent March Case-Shiller

Though Chicago home prices did not show much change from February to March, they appear to be making yearly headwinds. Though home prices in Chicago were flat from February to March in the latest Case-Shiller Home Price Indices from Standard

What Vacation Destinations Do Chicagoans Like the Most?

Memorial Day weekend officially starts today, and many people will be out vacationing; what vacationing communities, though, are the most popular? Memorial Day weekend is finally here, and numerous families will be taking advantage of the holiday to travel

Don’t Worry – Housing Bubble Rumors Are Bogus

Some overzealous folks have begun throwing around the “bubble” word in their coverage of the current housing market, but such statements are way off. Home prices on the national scale have been doing quite well in recent months; in

Existing-Home Sales Underwhelm in April?

Though existing-home sales posted yearly and monthly increases in April, they were held back by low housing inventory and tight lending standards…or so we’re told! Existing-home sales in April may have increased 0.6 percent from March and 9.7 percent

This is How Gen Y Will Revolutionize Housing

Generation Y, the 80 million or so Americans born between 1979 and 1995, are expected to reverse the last 60 years or so of housing policy in the U.S. One of the more persistent questions among housing analysts is

Downtown Apartment Rents Hit Record High

Rents for Downtown Chicago apartments hit a new high in 2013’s first quarter, though market trends suggest that such highs are only temporary. Rents in Chicago’s downtown market outdid themselves again in 2013’s first quarter, with the price per

Less Than 1 Percent of Today’s Mortgages are Bad

The housing market cannot truly recover without a healthy mortgage market, but new research from LPS shines an optimistic light on the topic. Homes sales are up, inventory has stabilized, and by many accounts, new construction it putting up

Housing Starts Plunge, Building Permits Soar in New Census Bureau Data

The Census Bureau’s latest new construction numbers were a topsy turvy bunch, with housing starts plunging but building permits soaring. If the Census Bureau’s latest numbers are any indicator, April was a wild month for new housing construction in

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