Current Market Data

Consumer Caution Grows in Latest National Housing Survey

Consumer sentiment on the housing market has gone nowhere but up in the last few months, but does the latest survey from Fannie Mae suggest a slowdown? Baby, we had a great run. Though consumer confidence on the housing

Did Chicago Rents Increase in the Third Quarter?

The nation’s rental markets have been quite hot in the post-boom housing market; did that trend continue into the third quarter? There have been two distinct memes in the housing market since 2008, both involving the nation’s rental market.

Trulia: Chicago Asking Prices Rocket 14.5% in September

Asking prices may have slowed nationwide in September, but here in Chicago, prices put up strong numbers on both yearly and quarterly measures. Asking prices in Chicagoland’s housing market were up a robust 14.5 percent year-over-year in September, along

How Much Do Homes Cost in Top Tier School Districts?

Strong school districts are often a top selling point for certain neighborhoods, but how do they translate to the median price of the area? It’s gotta be among the most common of questions that real estate agents receive –

McGraw Hill: Residential Construction in Chicago Up 65% in August

Construction in the Windy City remains historically low, but it’s made quite a bit of progress thus far in 2013. First, the bad news – residential construction in Chicagoland remains historically low, and is among the lowest of all

CoreLogic: Home Prices Slow in August, Still Up 12.4% YOY

Though monthly home price growth slowed in August, it still posted strong year-over-year returns, according to CoreLogic. Well, the great home-price honeymoon may be drawing to a close. According to the latest Home Price Index from CoreLogic, home prices

RE/MAX IPO Exceeds Expectations, Raises $220 Million

RE/MAX’s IPO exceeded expectations on Wednesday, raising more than $220 million in funding. RE/MAX became the latest real estate business to expand to the stock market with its IPO on Wednesday – and like those earlier companies, its IPO

8 Key Trends in Consumer Finances in 2013

How do American consumers feel about not only the housing market, but their chances at homeownership? A new Bankrate.com survey provides insight. There are many reasons for homeownership. From privacy, to expression, to carving ones own unique niche in

How Last Year’s Housing Bust Impacted This Year’s Mortgages

According to The Wall Street Journal, banks made more mortgages last year than in any year since the housing downturn in 2000, with interest rates reaching their lowest levels on record. Researchers at the Federal Reserve analyzed the federal lending

Did Housing Activity in Chicago Slow Down in August?

Housing had a great summer, but is the double-team threat of waning affordability and rising mortgage rates slowing activity? From the start of 2013 through May, the housing market nationwide performed quite well, with a number of factors –

NAR: Pending Home Sales Slow in August

Pending home sales were down in August, though they did retain their yearly returns. Tight levels of inventory, higher mortgage rates and rising home prices continued to impact pending home sales in August, according to the latest analysis from

What Were Chicago’s 10 Busiest City/Suburban Markets in August?

August was a great month for Chicagoland real estate, but what suburbs and neighborhoods stood out from the pack? As we reported last week, August was a sterling month of real estate for the nine-county Chicagoland area, with home

Census Bureau: New Home Sales Leap 7.9% in August

New home sales performed better than expected in August; what does that indicate about the housing recovery? New single-family home sales defied expectations in August, posting both monthly and yearly increases in the latest report from the U.S. Census Bureau

The 7 Things that Luxury Homebuyers Need From Agents

Luxury homebuyers have needs that set them apart from other homebuyers; how do those needs, then, translate to the services provided by agents? Real estate is, at its heart, a service-based industry. As the real estate agent, you are

How New-Home Sizes Define the Housing Recovery

New-home sizes hit new highs in 2012, and many saw it as a return of the McMansion; new data, though, suggests that’s not quite accurate. The news was a shot to heart of any small-home enthusiast: after falling gradually

6 Important Details About Residential Mortgages in 2012

The residential mortgage marketplace has come a very long way since 2008; how healthy though, truly, is that marketplace? On the surface, the news is highly encouraging: according to new data compiled by the Federal Reserve, banks handed out

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