Current Market Data

Chicagoland sales, prices show little movement, but future indicators bode well

Though existing-home sales data didn’t offer much excitement, an examination of homes going under contract indicates the kind of activity that normally marks the start of summer, not the end.

Chicagoland sees record inventory levels heading into fall

In its most recent Chicagoland Housing Report, RE/MAX reported the available housing stock to be at a 5.5-month supply, which is the highest level recorded so far this year. This is translating to something closer to a buyer’s market for the area.

Construction ramping up, but not enough to meet demand

Housing rebound continues, says the National Association of Home Builders, but it depends on where you live.

Renovation return quick guide

Check out our handy outline of the latest numbers from the National Association of Realtors and the National Association of the Remodeling Industry on the cost and return on remodeling projects.

Chicago owners overvalue homes, but inch closer to appraisers’ opinions

Overall, home values made their largest monthly climb in five years, which means homeowners and appraisers are more likely to agree on market price.

Chicago ranks 26th for lifestyle and policy in environmental study

Going into a deal with the right information on the environment can both give you a competitive advantage and help you answer tough questions from concerned consumers.

Optimism down after a hitting historic highs

While Fannie Mae’s index measuring consumer sentiment is lower than last month, the survey still clocked year-over-year gains.

What are the joys — and potential payback — of remodeling?

They can be time consuming, painstaking endeavors, but in the end, homeowners who undergo home improvement projects – both interior and exterior – are glad they did so in the end. That’s according to a new report from the National Association of Realtors.

Chicago home prices deemed ‘normal’

A new report shows home prices are up but not as much as they were a year ago, citing slower growth driving the millennial market.

Home sales poised for a rebound

Although all regions saw a boost in pending sales, the biggest increases were in the West, according to NAR’s index.

U.S. home prices grow for first time in 15 months

A 15-month run of decreasing year-over-year gains in U.S. home prices ended in July, according to the S&P CoreLogic Case-Shiller National Home Price Index. However, price growth in Chicago and other major cities was less robust than the national picture.

Existing-home sales up nationally but down in Illinois

NAR reported positive numbers for existing home sales in August, but Chicagoland and the state didn’t record as good of a year, when looking at the most recent data.

data from RE/MAX Housing Report
Sales fall while prices still on the rise in Chicagoland

Despite a sluggish market, RE/MAX’s latest housing report shows there are still deals to be had for luxury-level buyers and sellers with homes priced on the lower side of the spectrum.

boarded up home
Report predicts stable market, recession or no recession

Foreclosures are down, with a national mortgage delinquency rate at a 20-year low. However, there are some signs of early stage stress in a handful of states. Find out what the picture looks like in Chicago.

The National League of Cities' classification of urban areas in Chicagoland
Chicago is classified as ‘rent-burdened.’ Here’s what that means.

Learn why the National League of Cities put Chicago in this category, rather than a “high-opportunity” or “wealth-pocket city,” and what researchers think can be done to turn things around.

Homeowners say buying ‘made them a better person’

Over three-fourths of survey respondents reported that being a homeowner has “made them a better person,” with about the same proportion saying that they’ve taken up new hobbies since closing on a home, like gardening, grilling and interior design.

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