Current Market Data

Housing starts fall in January

Single-family housing starts fell 5.6% from December’s revised estimate to 1,116,000, while multifamily starts slid 2.1% to 510,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.

U.S. foreclosures are the highest since pandemic’s start

January foreclosure filings were the highest since the start of the pandemic, according to a new report. 

Mortgage applications fall more than 8%

The average contract interest rate for 30-year fixed-rate mortgages backed by the Federal Housing Administration increased to 3.93% from 3.86%, the Mortgage Bankers Association said. 

Millennial demand driving up prices in family-friendly neighborhoods

Across the country, 10% of ZIP codes with the largest share of children had an average home value growth of 21.3% from October 2020 to October 2021.

Chicagoland Real Data and Top Producers 2021

Welcome to our Top Producers/Real Data issue, one of the most highly anticipated issues of the year. We shine a spotlight on the biggest names in the business from the prior year.

Home-price growth could slow by end of year

Home-price growth could slow by the end of 2022, despite the housing market breaking records in January.

Real estate advisors project tamer housing market in 2022

Home-price growth is expected to average about 5% this year, far below the record-breaking pace set in 2021, RCLCO reported. 

2022 kicks off with hottest January on record

The new year kicked off with the hottest January on record, despite having the first pending sales decline since June of 2020, according to a recent Redfin report.  Last month, 45% of homes found a buyer within two weeks

Total value of U.S. housing doubled in the last 10 years

Home values grew 19.6% last year, an all-time high in Zillow’s data, which goes back more than 20 years.

Home sale profits rise to the highest level in 13 years

In 2021, home sale profits rose in more than 90% of the country’s housing markets and reached the highest level since 2008. 

2021 ends with a bang in new-home sales

Builders started to make headway against supply-chain issues that have hampered construction of homes in the face of high demand. 

Chicago rents, mortgages both on the rise and breaking records

Spurred by rising mortgage costs, December’s average monthly rent grew to $1,877, according to a new Redfin report. 

Price appreciation in new vs. existing homes: CoreLogic investigates

New homes and existing homes are appreciating at similar rates, according to a new report from CoreLogic.

Inventory falls 40% from pre-pandemic levels, as home values accelerate

Rent growth also slowed in December, posting the lowest monthly increase since February 2020.

Who made the biggest sales in Chicagoland in the last quarter of 2021? Find out in our latest Real Data report

It was another dramatic financial quarter for real estate professionals across Chicagoland, but Q4 real estate sales did not disappoint.

Existing-home sales slide in December while prices continue to climb

“December saw sales retreat, but the pull back was more a sign of supply constraints than an indication of a weakened demand for housing.” — NAR chief economist Lawrence Yun

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