Current Market Data

What recession? Home prices continued to climb in Q2, says NAR

A new report from the National Association of Realtors shows second quarter home prices grew in 96% of metro areas across the country.

Unintended consequences of high prices and low rates

In these unprecedented times, it’s hard to know what’s next for the economy. But a few stark facts about the housing market will shape activity in 2021, according to local investors and economists.

Risky business: Does it pay to become a landlord right now?

Several new reports help potential landlords determine just how much risk they’d be taking on.

Chicago buyers want affordable homes in coronavirus era

Chicagoans are looking for smaller, more affordable homes in the COVID-19 era, according to a new report from Point2.

Illinois equity-rich properties up slightly in second quarter

ATTOM Data Solutions’ report of increased equity in residences across the country could be good news for the nation’s ability to absorb potential wave of foreclosures.

Confidence in housing falls as COVID-19 cases rise

Economic concerns surrounding the rising number of coronavirus cases across the country — combined with a lack of housing inventory and rising home prices — are eroding confidence about homebuying, according to a new report.

Unemployment drops again, but long road to recovery remains

Nearly two million jobs were restored in July, as the economy struggles to return to pre-pandemic levels.

1 in 5 Americans have moved or know someone who has due to COVID-19

While the pandemic has not significantly affected plans to purchase a home, it’s fueling relocations, according to a new report.

Chicago’s multifamily market among top-performing metros during pandemic

Freddie Mac’s latest multifamily midyear report reveals the effect of COVID-19 on the market so far, predicting total origination volume will decline by between 20% and 40% by the end of the year.

Home prices accelerated in June as the housing market continues to demonstrate its strength

CoreLogic’s HPI Forecast predicts prices will continue to post annual gains through 2020, a sign of the sector’s continued resiliency.

Chicago has higher millennial homeownership rate than national average

Report finds lower cost of living, higher median earnings compared to national average.

Consumers remain optimistic even as population declines in the Midwest

A survey conducted by Meyers Research shows that homebuyer confidence has actually increased during the pandemic; what’s changed is where people want to live.

Chicago’s CRE community is worried, but residential real estate offers two bright spots

A new report from The Real Estate Center at DePaul University checks in on how the industry and Chicago’s economy are doing halfway through a challenging year.

Chicago ranked 29th most expensive city for housing

RealtyHop asks whether homeownership is affordable for the average family. See how Chicago did.

Two months in a row for improved pending home sales

Contract activity up over last year “remarkable,” according to NAR chief economist.

Home prices continued to rise in May, albeit slightly

Amid high unemployment and continued pandemic woes, home price growth remained stable in May.

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