Current Market Data

Sold to the highest bidder: Share of homebuyers getting outbid nearly doubles

Confronted with rising prices and bidding wars, long-haul house hunters are increasingly throwing in the towel.

Chicago home prices up 2.4% from 2019

Nationwide, home value increases continued to be driven by low inventory, which hit its lowest level in September, dropping by 40% from September 2008 and by 74% when compared to September 2000.

Homeownership down slightly but not for Millennials

First-time buyers contributed to 31% of September’s home sales due to record-low mortgage rates, according to the report.

Chicagoans eyeing Indiana for a move

The third quarter was like a game of musical chairs for many who are abandoning large cities for more affordable areas of the country. See what’s happening in Chicago.

Chicago-area homebuyers help drive Florida’s ‘Zoom town’ housing boom

Chicago-area homebuyers help drive Florida’s “Zoom town” housing boom

“Chicago winters are hard and with more and more people able to work remotely, the weather in South Florida is a draw for sure.”

Illinois hit hard with zombie foreclosures

Areas hit hard by the pandemic could see a wave of zombie properties once the federal ban on foreclosures expires.

Pending home sales slide slightly in September

Still all four regions see year-over-year increases in contract activity.

More than 40% of Americans hesitant to move to areas where they’d be in the political minority

Another 16% of U.S. residents would consider leaving the country if their candidate loses, up from 9% in 2016

Mortgage fraud drops dramatically in Q2

A new report from CoreLogic shows that record-low interest rates and a spike in lower-risk refinance originations have driven the trend.

Expect fall price gains, but 2021 could see a cooling market

The new S&P CoreLogic Case-Shiller Home Price Index reveals record-breaking August for home sales, up 21% over the 2006 pre-Great Recession high.

Step aside, Terrance Howard: Cesar Pina’s real estate empire is about to hit the airwaves

With an assist from 50 Cent, real estate entrepreneur Cesar Piña is launching a new reality show about flipping houses.

‘Affluent trailblazers’ seek luxury homes in nontraditional markets

A new report from Coldwell Banker Global Luxury captures the changing demographics and preferences of luxury buyers.

Chicago has among highest number of distressed sales in the nation

“It’s almost as if the housing market and the overall economy are operating in different worlds.” — Todd Teta, chief product officer at ATTOM Data Solutions

Existing-home sales ‘through the roof’ in September

Home sales soared 20.9% year over year to 6.5 million in September, according to the National Association of Realtors.

Housing starts surge in September as builders push to meet demand

National Association of Realtors Chief Economist Lawrence Yun called September’s rise in housing starts “welcome news.”

Nearly half of Chicago homes for sale face bidding wars

“The slight decline in bidding wars (nationally) is largely a reflection of a seasonal cooldown, which typically starts in the late summer but was delayed by a few months this year,” said Redfin chief economist Daryl Fairweather.

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