Current Market Data

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.

NAR predicts slower price gains in 2020

The association brought together a group of economists to provide a forecast of the market, and the consensus is that housing construction shortages will continue into next year.

3 trends that millennials will bring to the market in 2020

In its predictions for 2020, Zillow revealed a few ways in which Gen Y might impact housing in the near future.

Chicago ranked internationally as a top smart city

Learn where Chicago is doing a particularly good job in technological advancement, and how this investment can pay off in the local economy.

Which Chicagoland ZIP codes are most expensive?

Though Illinois didn’t rank on a recent list of the 100 priciest ZIP codes in the U.S., one Chicagoland spot stood out for a median sales price topping $1 million. Find out which one.

Record-breaking employment figures offer positive picture for 2020

It’s been decades since the unemployment rate was this low. Find out how that might affect real estate.

Realtor.com predicts Chicagoland home sales will decline slightly in 2020

It seems 2020 will be a challenge for buyers – “not because of what they can afford but rather what they can find,” according to Realtor.com.

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