Current Market Data

Bulls and bears: Potential positives and pitfalls for Chicagoland in 2020

CAR’s 2020 Market Update featured forecasts from three economists looking at what the real estate community can expect in the near future. However, there was some disagreement in terms of what the coming year will bring.

Want to buy a house in Chicago? Here’s how much you’ll need for a down payment

Realtor.com releases down payment analysis, showing disparity in cost between major metro areas.

How’s the market? Depends on who — and where — you ask

Is it a good time to buy? Good time to sell? What’s happening with the economy? The answers to these questions change in relation to how much money you earn, where you live and how old you are.

Kitchen renovations surge, but so do prices

As your clients look ahead to possibly listing in spring, make sure you understand what’s causing remodeling costs to increase so rapidly and how homeowners are adjusting in response.

Chicago home price gains up slightly for the year

S&P Dow Jones Indices director calls price gains data reassuring.

Seeing 2020: Real estate predictions from the experts

As the decade comes to a close, we’re looking ahead. We reached out to a handful of insightful real estate leaders to get their thoughts on what the next ten years might look like, and what industry professionals need to do to get ready.

A roundup of real estate predictions reports

This time of year, there are so many organizations, economists and experts offering their thoughts on what’s to come in the next year that it’s hard to keep up. Here’s a quick look at what we’ve gleaned so far.

Real estate myths exposed

Just because something is repeated over and over again doesn’t make it true. Here’s are a few ideas that Chicagoland real estate experts wish they could finally put to rest in 2020.

Determining the future of Chicagoland: Consumer confidence, investment and ‘hipsturbias’

The Urban Land Institute’s Emerging Trends in Real Estate report offers a forecast of what municipalities have going for them, and where possible threats lurk in the near future. See what they have to say about Chicagoland.

Home sales up in the Midwest but down in Illinois

The latest numbers from Realtor associations at the local, state and national level reveal a “choppy” picture, but one key factor is the same in pretty much every market you look at.

How the rent vs. buy calculation has changed in Chicagoland

Looking at real estate data over the last decade, some clear trends emerge in terms of costs, demographics and housing stock. See how this has impacted the market in the Chicago area.

Despite sales decrease, Chicagoland market is ‘balanced’ and ‘healthy’

In the context of larger real estate shifts, both MORe and RE/MAX characterize local real estate as being in equilibrium.

Where are Illinois residents relocating to?

While Chicagoland appears to be attracting residents fleeing the Golden State, migration patterns are still leaving us with fewer residents overall.

Flip or flop? Profits are down, according to a new report

The days of a quick flip and big profit seems to be a thing of the past, according to a new report.

8 design trends buyers will be looking for in 2020

As many are predicting the market to favor buyers more in the coming year, listing agents can help sellers prepare by ensuring their homes are in line with the latest looks.

Do your clients understand the real cost of homeownership? New polls suggest they don’t

Two new studies point to the fact that many buyers don’t have a complete picture of what it costs to buy and own a home.

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