Current Market Data

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?

Illinois has fourth highest number of zombie foreclosures in the nation

A new ATTOM report reveals that zombie foreclosures declined in the second quarter of 2020, likely a result of the temporary foreclosure moratorium on federally backed loans.

Anticipating an avalanche of COVID-19 appeals, assessor begins reducing values

Cook County Assessor Fritz Kaegi announced the first set of property value reductions as a result of the economic implications of the coronavirus pandemic.

Pending home sales took a deep dive in April, but NAR upgrades its forecast

NAR’s chief economist says April’s decline could be the lowest point in the market, and that he expects it to bounce back soon.

Photo: Kaboompics.com from Pexels
How tech can help Chicago’s real estate market bounce back from COVID-19

A new study looks at how well networked certain regions of the country are — as well as how ingrained technology is in their local economies — to predict how the rebound will go locally. Find out how Chicago ranks.

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