Current Market Data

Chicago ranks 28th priciest luxury market in the U.S.

The flight of homeowners from large urban centers to the suburbs has unexpectedly begun to reshape residential real estate, but luxury property in large cities have also gotten a boost from the hot market.

Are condos the new bargain property?

A new Redfin report shows condos are selling for a record 17% discount to single-family homes as the coronavirus fuels demand for space.

Remote workers could continue to drive the post-pandemic market

A new report from Homes.com shows that prospective homebuyers are still waiting to see if they will work from home permanently.

Here’s how long it takes buyers to save for a down payment in Chicago

It takes Chicago homebuyers 5.65 years to meet the minimum threshold of 20%, or $69,800, to qualify for a mortgage.

Housing demand likely to stay high for years, according to new study

There are 5.7 million “missing” households since the Great Recession, a fact likely to boost housing demand for at least the next several years.

Pending home sales down slightly as home prices continue to rise

Nationally, contract signings are up 20.2% compared to a year ago, but industry insiders say high prices are beginning to affect sales.

Despite economic uncertainty, home price gains soar to 7%

Despite continued economic uncertainty from COVID-19, housing markets continue their upward projectory.

Is 2020 really the year of the suburb?

2020 has seen much speculation that COVID-19 is driving households away from cities to lower density places in the suburbs. RCLCO looks at whether 2020 is indeed the year of the suburbs.

Re-imagining real estate in a global pandemic

Empty commercial space is a looming crisis. What if all that unused real estate were converted to housing?

RE/MAX report shows strong sales and shrinking inventory in Chicago

The shortage of sellers and abundance of buyers was reflected by a national inventory decrease of 32.5% year over year.

Single-family rent price growth shows a divide in recovery across price tiers

A new report from CoreLogic shows higher-priced rentals returned to 2019 growth rates while the lower-priced tier continues to lag.

Economist sounds warning on unemployment, housing market

“COVID-19 cases are on the rise and there is increasing likelihood of a further impact on economic activity, which may trigger a corresponding increase in unemployment in impacted industries,” says First American Chief Economist Mark Fleming.

Full House: Pandemic buyers want room for multi-generations

A new report from NAR points to changes in homebuyer and home seller behavior brought about by the pandemic.

Foreclosures down in Chicago, but mortgage delinquencies rising

The biggest changes were found in mortgages that are in serious delinquency, meaning those that are at least 90 days delinquent.

Homeownership is increasing during the COVID-19 recession: Here’s why

The decision to rent or to buy was once a question of finances and lifestyle preferences, but the coronavirus pandemic has added yet another complex layer to the equation for many Americans.

Endless summer: Amid pandemic, Americans are looking to move to vacation destinations

Metro areas with the highest share of vacation homes are seeing more interest on Zillow and higher pending sales growth than the nation at large.

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