Current Market Data

Midwest home sales soar 81.4% in July

Nationwide sales of new single-family homes were at a seasonally adjusted rate of 901,000, up 13.9% from last month and 36.3% higher than July 2019.

More buyers are looking to leave Chicago for smaller cities

Buyers are moving from expensive coastal areas to more affordable inland areas, but the exodus from Chicago continues, according to a new report from Redfin.

Apartment construction at a five-year national low

New apartment construction drops 26% from last year, according to a new study.

From ‘suburgatory’ to ‘hipsturbia’: Pandemic buyers are headed to the ‘burbs

Americans are moving to less densely populated areas as a result of the pandemic, foreshadowing a shift that could have a major impact on residential real estate sales and home prices.

NAR reports three months in a row for improved home sales

All four regions in the U.S. experienced year-over-year and month-over-month growth in pending home sales, according to the National Association of Realtors.

Fueled by buyer demand and low inventory, home prices continued to climb in June

The U.S. index reached a new record high in June as demographic and economic factors continued to push home prices upward. However, month-over-month growth is beginning to show signs of slowing.  

Have we hit the bottom on consumer confidence?

A new report anticipates that declining consumer confidence could lead to reduced spending.

Sales surge in suburbia, but city remains flat

The most recent data on home sales and contract signings in Chicagoland points to a bifurcating market.

Existing-home sales in July soar past pre-pandemic levels

Sales of existing homes set another record in July, rising 24.7%, while median home prices surpass $300,000.

Chicago falls behind nation with 0.6% decrease in prices

Luxury home prices listed on Redfin rose 1.2% in early summer, according to a new report.

Best. Month. Ever. July home sales beat out 2019 by nearly 9%

Nationwide, the rebound is in full swing with sales experiencing their best month in the history of RE/MAX’s National Housing Report.

Another banner month for homebuilding

New housing starts numbers suggest that if you can’t buy it, then build it, according to one economist.

The future is in single-family built-for-rentals, according to a new report

A new report from RCLCO says the single-family rental market is likely to be undersupplied over the next 10 years, presenting a strong opportunity for investors, builders and developers to create new rental home communities.

Think racial disparities in lending are a thing of the past? Think again.

Borrowing money can be a tricky undertaking for first-time homebuyers, but that’s long been the case in communities of color, where disparities in lending are a reality in the industry.

What mortgage lending will look like in the post-COVID-19 world

Learn why the foreclosure rate is unlikely to reach the previous recession’s level, though changes in homebuying social norms are here to stay.

Chicago real estate still trails pre-COVID-19 levels in realtor.com report

New listings back above pre-COVID-19 levels nationwide but still down from the previous year, according to realtor.com.

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