Current Market Data

CoreLogic: December home prices rise at fastest rate since 2014 in Chicago, other markets

CoreLogic is predicting that, nationally, home prices will increase by another 2.9% by December 2021 as homeowners delay selling, inventory remains tight and interest rates stay low.

Waiting to buy in Chicago could mean higher mortgage payments

Fence-sitters thinking of buying a home beware, says a new study from Zillow, which notes that waiting could mean a much higher mortgage payment down the road.

Despite rising rates, housing market expected to thrive

“Context matters and each rising-rate era is different, says First American Chief Economist Mark Fleming. “The housing market response depends on the reason why rates are rising.”

Contract signings reach record high for the month of December, says NAR

Nationally, contract signings rose 21.4% from December 2019, with all regions reaching double-digit year-over-year increases.

Moving home gives young homebuyers an easy way to save for a down payment

Based on U.S. median one-bedroom rent, it would take 11 months to save for a 5% down payment for the median priced home in the U.S.

Chicago ranked No. 13 most glamorous city in U.S.

A new report ranks the glamour capitals of America — as well as the glamour deserts.

First-time Chicago homebuyers face bidding wars from wealthy out-of-towners

“Homeowners will see the value of their homes rise, but first-time homebuyers will face tougher competition from out-of-towners with big budgets.” — Daryl Fairweather, Redfin chief economist

Existing-home sales in 2020 highest since 2006, says NAR

Amid demand, housing inventory sank to historic lows.


December Housing Starts report offers optimism for 2021

New home construction accelerating, offering supply relief as 2021 begins.

RE/MAX: Home sales up 22%

It was the 5th best month of the year and outperformed most of 2019.

Rent prices rebound across the country, but still down slightly in Chicago

U.S. single-family rent growth exceeded pre-pandemic rates in November, according to latest CoreLogic report.

Here’s what 2021 buyers want in a kitchen

The Houzz 2021 Kitchen Trends Study highlights post-pandemic must-haves.

Chicago makes top 20 list for sellers in 2021

“Historically low-interest rates, a shortage of new housing inventory and limited new construction have contributed to rising home prices nationwide.” — Don Ganguly, senior vice president of Mynd Investor Services

Chicago home sales price up 12.1% in December

The decline of home mortgage interest rates is continuing to fuel homebuying demand in December, pushing the median home-sale price up 13% nationwide to $334,300, according to a new report from online broker Redfin.

Does your client know owning is cheaper than renting in most markets?

Here’s a little tidbit that might help clients decide whether or not it’s time to buy their first home — it could save them some money.

Construction a bright spot in December jobs report

December marked the end of seven straight months of job growth.

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