Current Market Data

Chicago leads the country in new construction gains
Chicago leads the country in new construction gains

Chicago lead the country in construction activity by two key measures last month, as the broader housing market showed signs of weakness. According to a new report by BuildFax, Chicago was one of just four metro areas that saw a significant increase in...

Lack of down payment savings and debt thin ranks of would-be homebuyers
Lack of down payment savings and debt thin ranks of would-be homebuyers

It’s well known that many Americans are delaying or opting out of homeownership. A new study by Country Financial points to what could be the biggest reason: Difficulty coming up with a down payment. Forty-six percent of millennials and forty...

New 2019 housing forecasts reflect brighter outlook
New 2019 housing forecasts reflect brighter outlook

Only three months ago, the consensus among economists studying the U.S. housing market was that 2019 would be, at best, unimpressive. Given prevailing trends at the time, it looked as though rising interest rates would continue driving up the cost...

Slow start to 2019 could set up busy spring market in Chicagoland
Slow start to 2019 could set up busy spring market in Chicagoland

The Chicagoland area had a slow January for home sales, but that may not be a bad thing for the market overall. Detached single-family home sales in the metro area took a 12.1 percent hit in January over a year...

Why the market shouldn’t keep you up at night
Why the market shouldn’t keep you up at night

Agents could be forgiven for feeling a little whiplash from the market predictions over the last quarter or so. First, economists warned them to brace for rocketing interest rates, but with recent remarks from the Federal Reserve, some are going...

Jan. existing-home sales leave room to grow
Jan. existing-home sales leave room to grow

Evidence of slower price appreciation, growing inventory and falling interest rates have boosted economists’ expectations for U.S. home sales at the beginning of 2019. However, these trends that should entice buyers haven’t yet made an impact when it comes to...

For-sale inventory snaps 5-year losing streak
For-sale inventory snaps 5-year losing streak

Changing tides in the national real estate market are leading to the most widespread inventory increases seen in at least five years. According to data collected by Zillow, for the first time since 2014, the U.S. housing market posted an...

Real Data 2019: the good, the better and the best in Chicagoland real estate
Real Data 2019: the good, the better and the best in Chicagoland real estate

Welcome to our annual Real Data issue, which highlights the agents and offices that dominated property sales in 2018 in Chicagoland, as well as those making waves in the smaller tracts of Cook, DuPage, Kane, Lake, McHenry and Will counties....

Where is Chicagoland’s biggest growth in high-earning households?
Where is Chicagoland’s biggest growth in high-earning households?

One of the things that drives real estate is the search for the next booming neighborhood. While there’s no easy way to know for sure where the next popular spot will be, sometimes the answer lies hidden in plain sight...

Low mortgage rates fuel housing market outlook
Low mortgage rates fuel housing market outlook

Only a few months ago, most economists, mortgage lenders and others who closely track the mortgage market assumed interest rates would continue rising through 2019, driving up the cost of home purchases. But several weeks into the new year, those...

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