Current Market Data

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.

Rent increases down in Chicago in April

A new report that rent is still rising, but by much less in most cities, as a result of the COVID-19 crisis.

A Chicago Agent magazine survey: Real estate and gentrification in Chicago

Our survey asks agents what they think of gentrification.

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.

New Subscribe

  • This field is for validation purposes and should be left unchanged.