Current Market Data

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.

Single-family rent prices post lowest growth rate in 9 years

The latest CoreLogic report reveals the first measurable impact to the single-family rent market, pushing price growth to its lowest rate since the initial recovery of the Great Recession.

Three-quarters of homebuyers and renters change plans due to COVID-19

The survey of 1,500 adults also shows that the inability to tour properties in-person because of COVID-19, was the most common reason (42%) respondents chose not to move.

Why inflation presents a ‘golden opportunity’ for buyers

In a presentation to the Mainstreet Organization of Realtors, NAR’s chief economist offered buyers’ reps some talking points for clients who might feel hesitant to enter the market.

As a result of COVID-19 pressures, Chicago renters are going … smaller?

A new analysis from a local real estate brokerage that focuses its business on rentals uncovers some surprising trends in renting.

Homebuying pushed further out of reach for millennials

“Homeownership has already been delayed for many millennials and the coronavirus could push the timetable even further out for some.” — Danielle Hale, chief economist, realtor.com

Don’t let myths about COVID-19’s impact on real estate steer you off-course

There’s a lot of speculation about how the novel coronavirus will impact your business, but it’s not all accurate. RCLCO Real Estate Advisors debunks the top five myths that real estate pros should be aware of.

6 ways to bounce back better than ever

In a new e-book, national leaders from the brokerage and real estate technology sectors offer tips for making the most of this moment of change.

Parking preferences shifting due to COVID-19?

A new study shows online searches are down for apartments with parking spaces in Chicago. Could that change as public transit ridership dwindles?

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