Current Market Data

When Will Housing Inventory Stop Falling?

Housing inventory has fallen at a precipitous rate, but could relief finally be approaching? New research from Zillow suggests it just might. There are currently two universally acknowledged truths about the U.S. housing market – one, that the market

Busting 3 Homeownership Myths

In the wake of the housing crisis, some nasty myths regarding homeownership have been making the rounds, but they’re just that – myths. During the economic downturn, the concept of homeownership endured quite a bit of mudslinging from numerous

Are the Foreclosure Markets Improving?

RealtyTrac’s latest analysis of the U.S. foreclosure markets found many positive developments, though there still remains work to be done. The foreclosure markets continued their slow, steady improvement in the latest U.S. Foreclosure Market Report from RealtyTrac, though foreclosure

Chicago No. 2 ‘Flash Sales’ Market in U.S.

“Flash sales,” homes that sell in 24 hours or less, have taken serious hold in a select number of markets throughout the U.S. – Chicago among them! According to new research from Redfin, a most unusual phenomenon is currently

Know What Buyers REALLY Want?

What do homebuyers really want? The answer, the NAHB discovered, depends in large part on what kind of home that buyers are looking for. The National Association of Home Builders (NAHB) recently conducted a consumer survey to find out

What Homebuyers Want in Their New Home, Pt. 1

NAR’s 2013 Profile of Buyers’ Home Feature Preferences has detailed, with impressive specificity, what homebuyers want in their new homes. Understanding key real estate trends is important, and what amenities, preferences and features today’s homebuyers are pursuing in new

Okay, Really: How Affordable is Chicago’s Housing Market?

Though today, many housing markets are considered “affordable,” how does our fine city compare to the nation’s most affordable housing markets? Housing affordability is a major selling point for any housing market. After all, if you’re going to succeed

Agents Feeling the Recovery with Confidence

News for the housing market has been uniformly positive since the dawn of the New Year, and an ActiveRain survey finds that optimism has spread to agents. Real estate agents have been a strangely absent component when it comes

5 Markets in Chicago That Are On Fire

It’s no mystery that Chicago is taking a little bit longer to recover from the housing downturn than most cities, but five specific markets are doing just fine. The Chicago housing market in the last year has been somewhat of

The Insane Cost of International Real Estate

You may think real estate in your market is pricey, but new research from Knight Frank finds that with one exception, the U.S. has got nothing on the international real estate scene. The real estate market in New York

Is the Next Housing Crash Coming in 2020?

Though the housing market is finally hitting its recovery stride, a University of Utah researcher suggests another housing crash will take place in 2020, and from a most unlikely source – senior citizens. Early last year, the housing market

What Will Homebuyers Do in 2013?

The combination of low housing inventory and rising home prices is creating a big boost in activity among 2013’s potential homebuyers, Redfin finds. The current housing market is certainly an interesting one. Though numerous sectors of the housing market

5 Signs that Residential Construction is Back

Residential construction suffered a heavy blow when the housing market collapsed in 2008, but it’s showed definite signs of recovery in recent months. Few industries suffered more setbacks than residential construction during the housing downturn; the last couple months,

Will Lending Standards Ease at All in 2013?

It’s become the eternal question in real estate – when oh when will lending standards ease up? Though the housing market has put up some of its strongest numbers since 2006, the mortgage markets, from the perspective of many

Foreign-Born Homeowners Expected to Number 2.8 Million by 2020

The number of foreign-born homeowners in the U.S. is expected to rise more than 16 percent and hit 2.8 million by 2020, according to new research sponsored by the Mortgage Bankers Association’s Research Institute for Housing America. According to the

CoreLogic Home Price Index Rises 9.7 Percent in January

The CoreLogic Home Price Index put up its best numbers in nearly seven years in January, with national home prices rising 9.7 percent year-over-year. That’s the 11th consecutive month of of home price increases, and the largest yearly increase

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