Current Market Data

How builders use tech to attract clients

Smart-home technology is the new luxury amenity, according to a new report.

Pent-up demand hits the post-lockdown market in Chicago

As millennial demand grows, a new report from Zillow predicts its days-to-pending metric will eventually match or beat its record low.

As pandemic restrictions lift, concern for older adults’ living situations increases

People of color may be particularly impacted by COVID-19 due to a higher incidence of multifamily living, according to a new report.

Person changing compact-fluorescent (CFL) bulbs with new bulb.
Which green products are most important to buyers and homeowners?

While solar panels may be the poster child of green homes, builders and remodelers have some interesting feedback to share about what consumers really want.

New homebuyer report reveals COVID-19-induced fears

Recent homebuyers more likely to experience stress and concerns over affording a mortgage, according to new survey.

New construction sales rose 16.6% in May amid improving builder sentiment

Despite record-breaking unemployment, sales of newly built single-family homes rose in May, as builders rushed to meet pent-up demand and flight to suburbs.

Chicago real estate recovery headed in the right direction

“Markets with stronger job creation pre-COVID are proving to have the crucial edge for real estate activity, particularly those with a strong technology sector.” — Javier Vivas, director of economic research for Realtor.com

Sales fell again in May; strong rebound around the corner, says NAR

While existing-home sales were down again, the National Association of Realtors predicts a post-lockdown boom that will surpass 2019 sales figures.

Call it the coronavirus effect: Young adults are moving back home

Roughly 2.7 million U.S. adults moved in with a parent or grandparent in March and April as the coronavirus pandemic spread, potentially costing landlords hundreds of millions of dollars in monthly rent payments and casting doubt on the future of young workers in particular.

Suburban single-family homes offer bright spot in latest numbers

The latest numbers from Illinois Realtors show stark declines in activity occurred last month.

Chicago defies national trend with May increase in active inventory

Although the single-digit decline from the previous month nationally is good news, home sales still lagged May of 2019 by 33.7%.

Lenders predict ‘near term strength’ for the housing market

May applications for new home purchases were up 26% from April, pointing to a recovery that’s already underway.

Permits, builder sentiment indicate turning point for the market

In a sign of continued forward momentum, single-family permits posted an 11.9% gain in May, while builder sentiment jumped 21 points in June.

Redfin: Bidding wars up in May in Chicago

Bidding wars are beginning to return in Chicago, according to a new report.

Survey finds COVID-19 has disproportionate impact on minority housing options

A higher percentage of black and Hispanic individuals say their housing has been impacted by COVID-19, according to a new survey.

Chicago home flipping fetches among highest returns in the nation

Nationwide, home flippers saw a 36.7% return on their investment in the first quarter of 2020.

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