Current Market Data

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...

Profit for home sellers hits 12-year high
Profit for home sellers hits 12-year high

In a year defined by rising home prices, sellers fared well in 2018, according to a new report from Attom Data Solutions. Based on its analysis of public sales records across metro areas with at least 200,000 residents, the report...

Price cuts improve affordability for new construction buyers
Price cuts improve affordability for new construction buyers

The residential property market continues to look better for prospective buyers as the trend of falling prices extends into the new construction segment. In the fourth quarter of 2018, according to data from Zillow, more than a quarter of listings...

December home sales show market headwinds subsiding
December home sales show market headwinds subsiding

The most recent existing home sales report from the National Association of Realtors found sales volumes decline on both a monthly and annual basis in the final weeks of 2018. December home closings touched their lowest annual rate since 2015,...

Home listing growth accelerates to near 4-year high
Home listing growth accelerates to near 4-year high

At a key moment for the U.S. housing market, Redfin found more evidence that homebuyers are entering 2019 in perhaps the strongest position in years. The number of homes for sale in the nation’s largest markets grew 4.8 percent year-over-year...

How the Chicagoland market and consumer expectations are changing
How the Chicagoland market and consumer expectations are changing

The Chicago Association of Realtors held their 2019 market outlook event this Tuesday, examining a variety of issues that will impact the lives of members in the coming years. The sold-out event examined both economic predictions and how real estate...

Case-Shiller price index flat in October, shifting power to buyers
Case-Shiller price index flat in October, shifting power to buyers

Conditions continue to improve for homebuyers in many of the largest U.S. cities, according to recent data from S&P CoreLogic’s Case-Shiller National Home Price Index and Redfin. The latest reading of the closely watched Case-Shiller index found home price growth unchanged...

Millennial renters aspire to homeownership, but getting there could take decades
Millennial renters aspire to homeownership, but getting there could take decades

It may not be surprising by now to hear that the next generation of young adults wants to follow in their parents’ footsteps and become homeowners soon. That’s also increasingly true for those who are currently renters. A new study...

Why millennials are buying more homes in suburbs than cities
Why millennials are buying more homes in suburbs than cities

Assumptions about how millennials will spend their money as they progress through adulthood continue to be proven inaccurate, or at least misunderstood. This is particularly true in real estate, specifically the places where Americans now in their 20s and 30s...

Economists differ on 2019 real estate outlook
Economists differ on 2019 real estate outlook

As 2018 winds down, so too have several leading indicators of home sales activity: New and existing home sales, builder sentiment, price growth and more have taken a turn for the worse in the closing months of the year. Now...

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