Current Market Data

Millennials dominate homebuyer market as Gen Z enters
Millennials dominate homebuyer market as Gen Z enters

Eighty-eight percent of all homebuyers said they used an agent as a source of information during their search, and 91% of millennials age 22 to 30 said the same.

Home ASAP: Three-quarters of brokers saw flat or growing business in 2020
Home ASAP: Three-quarters of brokers saw flat or growing business in 2020

Brokers remain optimistic despite low inventory of homes, the ongoing pandemic and iBuyers.

Homeownership rising for single women, despite pandemic ‘she-session’
Homeownership rising for single women, despite pandemic ‘she-session’

It is not “first comes love, then comes marriage,” but for many women, “first comes homeownership,” according to First American Chief Economist Odeta Kushi.

Chicagoans’ interest in luxury apartments peaks
Chicagoans’ interest in luxury apartments peaks

Report finds luxury apartment search is at an all-time high in Chicago.

Underwater homes down in metro Chicago
Underwater homes down in metro Chicago

Nationally, homeowners with mortgages saw their home equity increase by 16.2% year-over-year from the fourth quarter of 2019.

Illinois jumps five spots to No. 30 in 2021 best states list
Illinois jumps five spots to No. 30 in 2021 best states list

It also ranks among the top 20 states in the education, opportunity and crime and corrections categories.

New residential mortgages hit 14-year high
New residential mortgages hit 14-year high

Lenders issued $1.06 trillion worth of mortgages in the fourth quarter of 2020 with refis contributing to the boost.

Housing observers expect February job gains to continue
Housing observers expect February job gains to continue

“More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day.” — National Association of Realtors Chief Economist Lawrence Yun

Black Knight: Mortgage forbearances finish February with weekly increase
Black Knight: Mortgage forbearances finish February with weekly increase

The increase follows a decline earlier in February that cut the number of homeowners in forbearance plans to less than 2.7 million, the first dip below that threshold since April 2020.

New home listings fall as median prices increase
New home listings fall as median prices increase

New home listings nationwide fell 17% from last year, while median home sale prices are up 15%, according to a recent Redfin report.  

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