Current Market Data
Economists were expecting new-home sales to finish stronger in July, aided by low mortgage rates that act as an incentive for
The homebuilder community has regularly offered a succinct answer to the reason for its industry’s sluggishness, generally calling out labor, lumber, laws and land as pain points. But some researchers are poking holes in their assertions of
Which areas of Chicagoland are seeing the highest increases and decreases in median sale
Home sales activity is picking up this summer, thanks in part to historically low mortgage interest rates, and despite some worrisome signals on the broader economy as of late.
Statewide home sales were up 0.3 percent from last year and sales in Chicagoland were up 0.2 percent from July 2018. But looking solely at the city of Chicago, Illinois Realtors recorded a 5.3 percent year-over-year decrease in existing-home sales.
U.S. homebuilders appear optimistic that low mortgage rates can turn the tide in favor of stronger sales in the months
Wall Street has found itself increasingly on edge in recent weeks, but strangely, that may be breathing fresh life into the mortgage lending
Fannie Mae's Home Purchase Sentiment Index for July rose to its highest reading in nine
Median single-family prices for the metro area were up 1.2 percent over last year, but that's a far cry from the national rate of 4.3 percent. Find out why Chicagoland is lagging.
At the start of the year, price growth was at 2 to 3 percent year-over-year. Now, it's between 0.5 and 1.5 percent, depending on the city. But according to Thad Wong, co-founder of @properties, that might not be a bad