Current Market Data

Is Builder Confidence Faltering?

Why is builder confidence in the Housing Market Index faltering, despite prime market conditions for new construction? A new NAHB report explains. Housing inventory is the lowest it’s been since 2005, yet the demand for quality homes (preferably new

Millennial Interest in Homeownership Surges

Millennials are widely expected to spearhead the housing recovery, and a new survey from PulteGroup has highlighted some of the demographic’s key attitudes towards housing. We’ve written quite a bit about millennials the last few months, and for good

FHFA Extends HARP Through 2015

It’s been a bumpy ride for the FHFA, figuring out its HARP program, but with refinancings now in full swing, it has decided to extend the program. In what is surely the most ironic housing development thus far in

Q1 RealtyTrac Foreclosure Report a Mixed Bag

Foreclosure filings fell 23 percent nationally in 2013’s first quarter, but the situation in many local markets offered a more nuanced portrait. Foreclosure filings nationwide declined in RealtyTrac’s latest U.S. Foreclosure Market Report, though unsurprisingly, the situation was a

Zillow, Trulia Market Share Up in 2013

New data from Experian on real estate Web traffic finds the previous kings of the Internet increasing their market share in 2013. The top real estate websites around have continued to increase their share of the Web traffic pie

Chicago’s Luxury Housing Market Showing Signs of Life

Chicago’s luxury housing market went through a rough patch during the housing downturn, but things are definitely looking up for the Windy City’s high-end. Chicago’s luxury housing market underwent a steep decline during the economic downturn, but new analysis

20 Percent of Lenders Expect Standards to Relax

Lending standards remain a definite thorn in the side of the housing recovery, but the latest quarterly survey from FICO/PRMIA offered glimmers of hope. Earlier in the year, CoreLogic completed a study of the nation’s mortgage markets, and it

What’s Going On With The Rental Market, in 3 Easy Steps

The rental markets are enjoying their greatest prosperity in years; why, then, do the latest numbers from Reis look so darn underwhelming? On first glance, the multifamily housing market in the U.S. in pretty good shape; in fact, it’s

Housing Market Attitudes Stay Positive, According to Fannie Mae Survey

Housing market attitudes remain optimistic in this recovery process, according to Fannie Mae’s March 2013 National Housing Survey results. Even though more Americans are pessimistic about their personal finances and the economy, they continue to remain positive about the

Americans Are Movin’ Out

The rate at which Americans moved to new residents plummeted during the housing downturn, but a new survey from Mayflower suggest a turnaround. Bill Joel’s classic number “Movin’ Out” may date back to 1977, but the timeless tune serves

Asking Prices Soar as Rents Sag

Asking prices rose yet again in the Trulia Price Monitor in March, but asking rents continued to slow. Asking home prices outpaced asking rents yet again in Trulia’s latest Price Monitor and Rent Monitor, which studied all the for-sale

Housing Recovery Myths You Should Ignore

There are myths involving the housing recovery that, as journalists and analysts have shown, are downright incorrect. A funny thing has happened the last couple of months – some people have become uncomfortable with the housing recovery. Maybe it’s

Home Prices Up 10.2 Percent in February

Home prices continued to pick up more steam in the CoreLogic HPI, rising to their highest mark in nearly seven years in February. Home prices nationwide rose a sterling 10.2 percent year-over-year in February, according to the latest CoreLogic

3 Homebuying Trends to Look For This Spring

The spring homebuying season is traditionally the most active time of the year for real estate agents, and these three trends will define 2013’s season. Though the weather may not be cooperating here in Chicago, the spring season has

Which Areas of Chicagoland Are Mortgage Free?

What communities in Chicagoland have the highest percentage of mortgage-free homes? Who are the homeowners in the Chicagoland area who truly owns their home, mortgage free? According to a new study from Crain’s, they’re either old or wealthy. In

How Should Agents Advertise Their Business?

There are numerous avenues available to today’s agents for advertising their businesses, but what methods are the most popular? Advertising is an integral component to any real estate agent’s business, and never before have so many advertising models been

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