Chicagoland luxury market demand holds strong

Current Market Data

NAHB reports slight decline in builder confidence

The NAHB/Wells Fargo Housing Market Index shows a dip in builder confidence in the Midwest resulting from novel coronavirus outbreak.

The HGTV effect: From television trend to real estate spend

A new report from Zillow outlines what to highlight in a listing and what to de-emphasize.
Avocado toast and white picket fences: What millennial homebuyers have in common with their parents

A new survey conducted by Coldwell Banker highlights the similarities in homebuying behaviors between Gen Y and older groups.
Navigating generational homebuying and selling trends in 2020

NAR’s 2020 Generational Trends Report shows that young millennials and the silent generation value similar things when buying homes.
Chicago rents show downward trend

Two recent reports on the Chicago rental market offer insights into both average rental costs and how long units are staying on the market.
Oddly enough, millennials are more optimistic about buying than older generations

CoreLogic released its monthly analysis of home prices, which revealed that millennials are still feeling pretty positive about purchasing property, despite growing home prices.

Midwest shows significant year-over-year growth in showing activity

ShowingTime’s index points to growing demand for listings in the Midwest, signaling a competitive spring housing market is in the works.
Illinois has 2nd highest property tax rate in the nation

We knew property taxes were high, but a new study shows how our state compares to the rest of the nation on this important homebuyer metric.
December capped 8 consecutive years of price growth

Does this mark the end of a deceleration trend, or is it a temporary blip?
Existing home sales down slightly across the U.S., but not in Chicago

NAR’s latest report shows first-time homebuyers are stepping back into the market.
Local trends to watch for in the coming decade, according to @properties

Thad Wong and Mike Golden discuss the state of the market, up-and-coming towns and neighborhoods in Chicagoland, and what agents should look for in the coming decade in a recent webinar.
Suburban inventory hits decade-long high

MORe data offers impressive January numbers. Is this a sign of a booming 2020, or evidence of a timing shift in the Chicagoland market?
What Chicagoland’s high-end homebuyers want

Though the luxury market has seen a bit of a slowdown in the Chicago metro area, Coldwell Banker’s annual Global Luxury Report offers insight into shifting priorities and design trends.

Midwest housing starts jump up over last year

Despite a month-over-month dip of 5.9 percent nationwide, residential construction had a strong showing in the Midwest.
Inventory, mild weather boosted Chicagoland home sales last month

RE/MAX’s housing report for the Chicago area found the new year started off with a bang.

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NAACP and NAREB announce partnership to increase black homeownership

The two organizations joined together to provide members the resources and tools that will help more African Americans purchase homes.

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