Current Market Data

Housing Inventory in Chicago Down 26.2 Percent in July

Housing inventory in Chicago was down by double-digit amounts in July; how do those declines compare with the rest of the nation? Housing inventory in July may have been down 26.2 percent year-over-year in Chicago and 16.2 percent nationally,

The 9 Most Beneficial Things Agents Can Do For Clients

You just took on a new client, and are assisting them in the homebuying process; what parts of the process will they most need you for? We recently reported on consumers’ initial expectations for real estate agents, and the

How Healthy Are Chicagoland’s Mortgage Markets?

The second quarter proved a boisterously good period for the nation’s mortgage markets, but did all that good cheer extend to our local marketplace? Last week, we reported on the latest National Delinquency Survey from the Mortgage Bankers Association,

The Top 9 Ways that Consumers Choose Real Estate Agents

Between the Internet, referrals and advertisements, consumers have many options for finding agents; what options, though, ultimately win them over? We are living in an age of overwhelming choice, and real estate is no exception. From the Internet, to

Trulia Confronts ‘End of Suburbia’ Meme with New Study

One of the more common housing memes, as of late, has been the end of suburbia: that because of the housing boom, and all the rampant suburban speculation that drove it, prospective homebuyers are opting for smaller units in

The Top 5 Things that Clients Want From Agents

Agents provide many services to their clients, but of those services, which ones are the most valuable to clients? Real estate agents are an invaluable source of information for their clients, and they offer numerous services during the buying

Freddie Mac/Fannie Mae Post Huge Q2 Incomes – Casts Doubts on Reform?

The second quarter was a spectacular one for Freddie and Freddie, but are such successes problematic for the government’s reform efforts? Fannie Mae and Freddie Mac had mighty good second quarters – not only did the GSEs post respective

MBA: Delinquency Rate Now At Lowest Level Since 2008

The nation’s mortgage markets continued to improve in 2013’s second quarter, with the MBA’s report being one of its most positive. The mortgage markets improved in several notable ways in the second quarter, according to the latest National Delinquency

What are the Nation’s Busiest Housing Markets?

Is Chicago among the busiest housing markets in the U.S.? A new report from Redfin shows how the Windy City stacks up to the competition. What are the busiest housing markets in the U.S.? That question was at the

CoreLogic: Home Prices Up 11.9 Percent in June

June was yet another banner month for home prices in CoreLogic’s Home Price Index, but could home price gains be slowing down? Home prices continued their sterling performance in June, rising 11.9 percent year-over-year in the latest Home Price

Trulia: Asking Prices Up 11.3 Percent in Chicago in July

Asking prices in Chicago were up 11.3 percent in July, though that activity came amidst a slowing housing market. Asking prices in July were up 11.3 percent year-over-year in Chicago in the latest Trulia Price Monitor, a leading measure

Residential Construction Up 23 Percent in June

Residential construction spending continued to lead the pack in June, posting strong year-over-year gains in the latest Census Bureau report. Overall construction spending may have down in June, but it was another great month for residential construction spending, which

3 Important Trends in Housing For the Rest of 2013

The housing market has grown in many interesting ways so far this year, and agents will have some interesting details to consider for 2013’s second half. The housing market has cut an encouraging path the last six months. What

WWBD: What Would Buyers Do For That Dream House?

Homebuyers have a number of worries regarding the housing market, as the summer draws to a close; what lengths would they go, though, for that dream house? Earlier this week, we reported on the seven things that worry homebuyers

CoreLogic: Foreclosure Inventory Down 28% in June

The nation’s foreclosure markets continued to improve in June, according to the latest report from CoreLogic. CoreLogic’s National Foreclosure Report for June brought further good news to the housing recovery, with foreclosure inventory and completed foreclosures both showing encouraging

The Enormous Potential of Millennial Homebuyers

Everyone says that Millennial homebuyers offer a huge opportunity for housing, but now, we can finally put a number behind it – and it’s a big one. It’s no mystery that Millennial homebuyers have been missing in action thus

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