Current Market Data

The 10 Highest Rents in Chicago

Chicago’s rental market has been slammin’ jammin’ the last few years, but what buildings have risen to the top with the highest rents? According to new research by Appraisal Research Counselors, the most expensive apartment buildings in Chicago command

The 7 Most Prevalent Sentiments of Today’s Luxury Homebuyers

Luxury homebuyers are a unique brand of consumer – what sentiments are most prevalent when they are searching for homes? Any real estate agent will tell you that the luxury homebuyer is a unique brand of consumer, one with

Chicago Home Prices Post Best Monthly Gain in US in July Case-Shiller

Chicago home prices in the latest Case-Shiller posted both monthly and yearly increases, with the city’s monthly increases showing particular gusto. July was a very positive month for Chicago home prices, with the city posting the strongest monthly gain in

Is it Cheaper to Rent or Buy in Chicagoland?

Home prices have risen and mortgage rates have shot up by more than a percentage point – is it still cheaper to buy than rent in the Windy City? The housing market of 2009, 2010 and 2011 was a

Minorities Trail Whites In Homeownership Rates

Minority groups continue to struggle on the road to recovery from the foreclosure crisis, with homeownership rates significantly behind whites. Although the Hispanic community recorded an increase of new homeowners in 2012 – and the amount dipped for the black and

NAR: Existing-Home Sales Rise 13.2% in August

Existing-home sales defied expectations in August, posting both monthly and yearly increases. Existing-home sales in August reached their highest mark in six-and-a-half-years, rising 1.7 percent from July and 13.2 percent from August 2012 to a seasonally adjusted annual rate

NAHB: Builder Confidence Holds Steady in September

The NAHB’s Housing Market Index was unswayed by market forces in September, though some trends have analysts wondering aloud. The Housing Market Index from the National Association of Home Builders (NAHB), the definitive reading on builder confidence in the

3 Key Trends For the Housing Recovery in 2013

The housing market has undergone yet another pronounced change in the last couple months, bringing about a whole new set of trends to follow. It was early 2013, and it finally seemed, after a prolonged slumber, that housing was

IAR: Chicagoland Home Sales Rise 24.3% in August

August was a very solid month for home sales in Chicagoland, with both the city and suburban markets putting up great numbers. Home sales in the nine-county Chicagoland area rose 24.3 percent year-over-year in August, totaling 11,771 sales according

Single-Family Housing Starts Jump 7 Percent in August

August was a solid month for single-family home construction, according to the latest analysis by the U.S. Census Bureau. Single-family housing starts were at a six-month high in August according to the latest report from the U.S. Census Bureau, rising

Are First-Time Homebuyers Really Missing in Action?

It’s become a common trope in housing circles to bemoan the lack of first-time homebuyers in today’s housing market, but are they really lacking? First-time homebuyers are an essential component to a strong, sustainable housing market. Not only do

Housing Inventory Rises in August – What of Here in Chicago?

Housing inventory seems to have finally turned the corner nationally, but what of here in Chicago? The nation’s inventory of housing has been a major topic of conversation among analysts and real estate professionals alike this year, but if

3 Promising Details of Home Selling in 2013

Homes in 2013 have sold better than at any time since 2008, and we’ve dug up three promising trends for those home sales. Home sales have been putting up some encouraging numbers in 2013. Though rising mortgage have taken

The 3 Stages of Higher Mortgage Rates

Everyone has been holding their breath on when the higher mortgage rates will impact home sales; when exactly will that happen, though? When mortgage rates began their dramatic rise back in May, it was more a matter of “when”

Foreclosure Activity in Chicagoland Down 58% in August

Foreclosure activity in the Windy City remains high, but it’s fallen by a dramatic amount from 2012. Foreclosure activity in the Chicagoland area was down a whopping 58 percent year-over-year in August according to the U.S. Foreclosure Market Report

The Top 5 Home Seller Incentives in 2013

Home seller incentives became quite common during the down years, but are they still common in 2013? During the months following the housing downturn in 2008, homebuyers found themselves in a interesting position – they were in charge. With

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