Current Market Data

Home listings grow as prices stabilize

Home listings grew in December as housing prices stabilized, closing out an interesting 2023 for the real estate market.

Is homeownership on the horizon for American millennials this year?

Nearly all millennials — 93% — say a volatile market is to blame for wrecking homebuying plans, with another 76% saying they expect the market to get worse before they’re able to make a purchase themselves.

Falling mortgage rates, rising listings mark house hunters’ return

With mortgage rates dropping to their lowest levels in almost a year, house hunters are returning to a market that many had shied away from in 2023.

CoreLogic: Chicago home prices rose 6.5% in November 

CoreLogic expects prices to continue to grow through the year.

Only 1.7% of Chicago homes were affordable in 2023

Falling mortgage rates and more inventory could mean an improvement in housing affordability in the new year.

Houzz predicts that these interior design trends will take over in 2024

How will our homes evolve in the new year?

Existing home sales fall 14.6% annually

The only region of the U.S. that didn’t experience an annual decline in existing home sales was the Midwest, where sales were unchanged year over year.

The kinds of houses buyers opted for this year

Detached single-family homes remained the most popular type of housing, making up 79% of all home purchases during the past year.

Homebuyer demand remains resilient, despite rates, shrinking listings

Last month, homebuyer demand showed its resilience, despite mortgage rates being at a 23-year high and inventory continuing to be limited.

Homesellers slash prices by record number

A record number of homesellers are dropping their prices as buyers continue to feel the impact high mortgage rates are having on their wallets.

New-home sales jump in September despite interest rates 

The median price of a new home sold during the month fell to $418,800 from $433,100 in August, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported. 

Third quarter Real Data numbers are here!

Find out which brokers, teams and offices had the highest quarterly sales numbers across Chicagoland.

Short supply helps drive existing-home sales to 13-year low 

The median existing-home price for all housing types in September was $394,300, up 2.8% from $383,500 in September 2022.   

Housing starts rebound in September after August dip 

Specifically, single-family homes were built at a seasonally adjusted annual rate of 963,000, up 3.2% from 933,000 in August and up 8.6% from 887,000 a year earlier, according to government figures. 

The hottest home trends of 2024 — according to Zillow

Brutalist style and sensory gardens may seem at odds — but they are both hot home design trends that will rule 2024. At least, according to new predictions from Zillow.

MBA: Mortgage apps rise on increase in ARM activity 

A 15% rise in applications for adjustable-rate mortgages drove overall mortgage applications higher in the most recent weekly survey. 

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