Current Market Data

The boomers are coming: Here’s what’s on their homebuying list

Some builders are saying “OK, boomer: What do you want in a house?” Here are some of the top amenities this demographic may be searching for.

Where properties moved the fastest in Q3 2019

The quicker properties sell, the hotter the neighborhood. We’ve ranked all 77 of Chicago’s neighborhoods in terms of the average number of days properties spent on the market in the third quarter of 2019, according to MRED.

Where sellers got more than they asked for in Q3 2019

One measure of a neighborhood’s popularity is how much more buyers are willing to spend above listing price. Here’s the average difference between the original listing price and the eventual sales price in all 77 of Chicago’s neighborhoods for the third quarter of 2019, according to MRED.

Chicago’s millennials still want to own, but the percentage is shrinking

A generation marked by economic instability and student loan debt is giving up on homeownership, according to a new survey.

Midwest home sales bounced back last month

NAR’s chief economist predicts a continued increase in sales if buyers have adequate inventory.

Illinois Realtors sees ‘sustained pressure’ on buyers

Home sales are down, while prices and rates are up. Still, the data coming out of Chicago is a bit more encouraging than the state and regional numbers.

October market offers low rates but high demand in Chicago

Reports from RE/MAX and MORe show increasing home sales and prices in Chicagoland, though no local data points are maintaining the same pace as national numbers.

Rent is on the rise — find out why

The latest analysis from CoreLogic shows that Chicago renters are paying an average of 2.2 percent more in rent this year over last.

Housing starts up nationwide, Midwest still struggles to keep pace

Two percent jump in housing starts nationwide could mean lower chance of recession

The homeownership gap is closing, albeit slowly

Minority homeownership, which plummeted during the Great Recession, is climbing back up.

First American: ‘If you build it, they will buy it’

Housing starts make progress in September, showing signs of more inventory on the way.

Midwestern home buyers slightly more optimistic about buying

Still, more than two-thirds of homebuyers believe housing availability getting scarcer.

Buyers increasingly depend on family while sellers rely on agents

The National Association of Realtors’ 2019 Profile of Home Buyers and Sellers reveals that FSBOs are on the decline and that buyers are in need of help when it comes to making home purchases.

Affordability tug of war between prices and interest rates

For now, low borrowing costs are keeping pace with rising prices. But how long can this last?

Cost burden lifting for Cook County homeowners

Census data shows that while many people in the Chicago area are rent-burdened, the percentage owners pay for housing is actually decreasing.

Chicago home prices jump in September, following nationwide trend

All 50 states saw a boost in prices last month. CoreLogic reports half of millennial homebuyers used retirement savings to help them purchase their first home.

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