Current Market Data
During a pandemic that appears to be impacting the Latino community disproportionately hard, will the singular gains of this community be sustained?
The coronavirus pandemic is changing how people think about housing, technology and location, three elements that are critical to the real estate industry. Find out what four experts see on the horizon.
Existing home sales were down across the country last month, but Illinois saw less of a decrease than many other states.
Good news for sellers: Homes on the market under $1 million are receiving multiple offers in desirable cities.
Economists with the Mortgage Bankers Association predict mortgage rates will remain low for the next couple of years, though there is at least one scenario under which they could rise more quickly.
More than half of those working remotely said they would leave the city if they didn’t have to go into an office.
What’s happening with Chicago’s luxury market since the onset of the novel coronavirus pandemic? It depends on how you look at it.
The weekly flash survey by the National Association of Realtors shows that buyers are looking for different features post-COVID-19.
Fannie Mae’s latest survey finds that, while many more Americans say it’s a bad time to jump into the housing market, they’re more worried about the overall economy than they are about the security of real estate investments overall.
NAR’s vice president of demographics and behavioral insights says rising preference away from metro areas could be a boon to smaller cities.
Although all Chicagoans are at risk for contracting the novel coronavirus, the economic fallout will likely hit certain communities harder than others. Find out which neighborhoods DePaul University’s Institute for Housing Studies identified as being most at risk.
Fewer buyers were delaying their home search by the end of April, according to NAR surveys.
NAR projects home sales will decline 14% in 2020, but prices will likely remain steady and may even hit a record high this year.
In their latest market update, Mike Golden and Thad Wong offer projections for the real estate market in both the short and long-term, as well as thoughts on how indecisive buyers and sellers should move forward.
The numbers are starting to pour in, and they’re certainly not pretty, but a hopeful public looks ahead to brighter days.
Is the real estate market turning the corner as the country flattens the curve? A new report sees a possible light at the end of the tunnel.