Current Market Data

Builders finish summer strong but face uncertainty ahead
Builders finish summer strong but face uncertainty ahead

Economists were expecting new-home sales to finish stronger in July, aided by low mortgage rates that act as an incentive for

Why new construction isn’t easing Chicagoland’s inventory problem
Why new construction isn’t easing Chicagoland’s inventory problem

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

Visualizing suburban housing market momentum
Visualizing suburban housing market momentum

Which areas of Chicagoland are seeing the highest increases and decreases in median sale

Existing-home sales post year-over-year gain
Existing-home sales post year-over-year gain

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.

Home sales rebound, though Chicago still shows sluggishness
Home sales rebound, though Chicago still shows sluggishness

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.

Housing starts show builders are cautiously optimistic
Housing starts show builders are cautiously optimistic

U.S. homebuilders appear optimistic that low mortgage rates can turn the tide in favor of stronger sales in the months

Low rates boost mortgage industry but spook financial markets
Low rates boost mortgage industry but spook financial markets

Wall Street has found itself increasingly on edge in recent weeks, but strangely, that may be breathing fresh life into the mortgage lending

Consumer confidence on housing hits all-time high
Consumer confidence on housing hits all-time high

Fannie Mae's Home Purchase Sentiment Index for July rose to its highest reading in nine

Home prices in Chicagoland see modest gains in Q2
Home prices in Chicagoland see modest gains in Q2

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.

Why a slower market could be ‘a dream come true’  
Why a slower market could be ‘a dream come true’  

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

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