Current Market Data

Illinois ranks 2nd lowest in U.S. for new construction

While our state underperformed when it comes to new residential units per capita, there is one building metric where we outpaced the national numbers.

NAR chief optimistic on home sales rebounding

February was another good month for pending home sales across the nation, but the coronavirus will put that all on hold.

Buyers pull back early; sellers, not so much

A national survey of real estate agents digs into how clients are reacting to the coronavirus outbreak, how home values will be impacted, and the likelihood that we’ve entered a recession.

Homebuying was getting easier in early 2020, but all bets are off with COVID-19

ATTOM Data Solutions report has encouraging news on the affordability gap, but the coronavirus outbreak poses a potential setback.

Showings are down dramatically in Illinois

A new dataset from ShowingTime offers a state-by-state comparison of how activity is changing in response to the new coronavirus.

Existing-home sales up, for now

Soak up the good news while you can. The picture painted by the National Association of Realtors’ latest existing-home sales data is one of a healthy housing market not yet impacted by COVID-19 fears.

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.

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