Current Market Data

Hispanics Dominate Among First-Time Homebuyer Demographic

According to new research from the National Association of Hispanic Real Estate Professionals, homeownership among Hispanics is surging. Hispanics have been garnering increasing attention in recent months for their growing importance to the U.S. housing market, and a new

The 21 Chicagoland Markets Your Clients Should Consider

With dozens of communities and nearly 10 million residents, Chicagoland offers homebuyers a wealth of options, but these 21 markets stand apart from the rest. Zillow named Chicago the best market in the U.S. for homebuyers in 2012, and

Tight Inventory Constrains Pending Sales in February

The nation’s shrinking housing inventory has begun affecting pending home sales, the National Association of Realtors has reported. Pending home sales stalled a bit in February, as the nation’s shrinking housing inventory offered homebuyers fewer and fewer choices. The

New Homes Sales in Feb Up 12.3 Percent

Though the sales of new single-family home sales faltered a bit month-to-month, they retained their strong yearly gains. After posting its strongest numbers in more than four years in January, sales of new single-family home sales faltered a bit in

Property Near Public Transit? It’s Higher in Value

A new study commissioned in part by the National Association of Realtors found that Chicago residences located near public transportation outperformed – by a wide margin – competing properties on the real estate market. A new study by the

Freddie Mac Predicts Best Spring for Housing in Six Years

The spring homebuying season is an integral time for real estate, and Freddie Mac is predicting 2013’s will be good news all around. The last couple months, there have been repeated signs of a housing recovery. From rising home

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

Nationwide home prices continued to recover in January, but how did our local housing market perform by comparison? Chicago home prices continued to lag behind most of the nation’s major housing markets in January according to the lastest Case-Shiller

NAHB Improving Markets Index Hits 274 Markets in March

The NAHB’s Improving Markets Index improved yet again in March, as more and more metropolitan areas join in on the recovery. The National Association of Home Builders’ (NAHB) Improving Markets Index expanded to 274 metropolitan markets in March, as more and

How Many Homes are Still Underwater?

Negative equity remains a problem in the U.S. housing market, but as new research by CoreLogic shows, the situation is improving. Riding the wave of home-price increases, roughly 200,000 residential properties returned to a state of positive equity in

Multifamily Housing Isn’t Going Anywhere This Year

Surging demand for multifamily housing was arguably the top real estate story of 2012, and new data from the AIA suggests no slowing down in 2013. 2012 might as well have been the “Year of Multifamily Housing.” Bolstered by

NAR: Existing-Home Sales in Feb at Highest Level in 3 Years

The news was uniformly positive in NAR’s latest existing-sales report, with sales and prices rising but what about housing inventory? Existing-home sales rose 10.2 percent in February year-over-year, while median price was up 11.6 percent according to the latest report

Chicago Real Estate Continues Recovery in February

Chicago’s housing market put up strong numbers in February, with home sales and home prices both showing encouraging trends. The Chicagoland real estate market continued its steady march to recovery in February, with the Illinois Association of Realtors (IAR)

Is Owning Really Cheaper than Renting in Chicago?

Home prices may be rising at a rapid rate, but they’ve done little to minimize the financial appeal of homeownership, according to a new study from Trulia. Trulia released its Winter 2013 Rents vs. Buy Report earlier today, and

Homebuilder Growing Pains – Why Builder Confidence is Slowing Down

For the third straight month, builder confidence, as measured by the NAHB, has stalled; should we be worried about homebuilding in 2013? Builder confidence for the newly built, single-family home market waned yet again in March, with the National Association

3 Great Things Going on in New Construction

The Census Bureau’s latest new construction stats for February were awash with positivity, with building permits, housing starts and completions all up. It’s that time of the month again, when the U.S. Census Bureau releases the latest stats on

The 3 Things Millennials Want in a Home

Millennials represent the new frontier for homeownership, and a new survey from BHG offers some key insights in what kinds of homes they’ll be looking for. Millennials, the current wing of the U.S. population that is roughly composed of

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