Current Market Data

Hispanic homeownership reached historic highs before COVID-19. What now?

During a pandemic that appears to be impacting the Latino community disproportionately hard, will the singular gains of this community be sustained?

Unprecedented times create extraordinary demands

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.

Illinois beats the national dip in sales

Existing home sales were down across the country last month, but Illinois saw less of a decrease than many other states.

Redfin: Housing shortage prompts bidding wars

Good news for sellers: Homes on the market under $1 million are receiving multiple offers in desirable cities.

Purchase applications in Illinois beat out last year’s numbers

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.

Redfin: Over half of big-city dwellers working from home want out

More than half of those working remotely said they would leave the city if they didn’t have to go into an office.

The luxury market’s secret weapon in the COVID-19 crisis

What’s happening with Chicago’s luxury market since the onset of the novel coronavirus pandemic? It depends on how you look at it.

NAR survey: Buyers want home offices, yards and larger residences

The weekly flash survey by the National Association of Realtors shows that buyers are looking for different features post-COVID-19.

Fear of selling driven by economy, COVID-19 concerns

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.

Lifestyle adjustments from COVID-19 will change homebuyer preferences

NAR’s vice president of demographics and behavioral insights says rising preference away from metro areas could be a boon to smaller cities.

Which Chicago neighborhoods will be hit hardest by COVID-19?

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.

Surveys show buyers, sellers and landlords are adjusting to a new normal

Fewer buyers were delaying their home search by the end of April, according to NAR surveys.

Big dip in pending sales hasn’t touched prices

NAR projects home sales will decline 14% in 2020, but prices will likely remain steady and may even hit a record high this year.

Co-founders of @properties offer predictions, advice in the face of COVID-19 fears

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.

Consumer confidence marks largest drop ever, though long-term view still positive

The numbers are starting to pour in, and they’re certainly not pretty, but a hopeful public looks ahead to brighter days.

A glimmer of hope? Chicago pending home sales see modest uptick

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.

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