Current Market Data

Now is a good time to buy a home, say 61% of Americans

After hitting near bottom in April, confidence in housing is gaining steam.

Home prices up in May, although summer slump predicted

The latest CoreLogic report forecasts a drop in home prices across the country by May 2021, although just how much depends on where you live.

Millennials poised to fuel a ‘roaring 20s’ of homeownership demand

Though the pandemic presents new challenges to achieving homeownership, millennial lifestyle decisions will continue to support potential homeownership demand in the years ahead, according to the latest First American Homeownership Progress Index.

Pending home sales make record comeback in May

Contract activity surged 44.3% in May, the biggest gain on record, as homebuyers rushed back to the market after lockdowns.

In Chicago, a new kitchen adds nearly $13,000 in value

A new report reveals the improvements that homeowners and renters say add the most to the overall price of a home.

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%.

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