Current Market Data

Who had the most new-construction deals in Q2?

While many of the top producers in our Real Data list are also household names when it comes to selling new construction, looking solely at new construction data offers a different perspective. The data below comes from Midwest Real Estate Data, LLC and was formulated using the same techniques you’ll find for our Real Data Q2 list.

After two strong months, pending home sales slow

After two straight months of nationwide increases, the number of listings under contract by the end of July fell on a monthly basis.

Chicagoland renters suffer higher cost burden than homeowners do

It’s no secret that monthly mortgage costs tend to be less than rent on average. But the differential is also having a dramatic effect on the other side of the spectrum: housing affordability.

Consumer confidence remains strong amid economic unease

The Conference Board’s Consumer Confidence Index for August showed Americans shared broadly strong views of the overall economy and their own financial health near the end of the summer.

Builders finish summer strong but face uncertainty ahead

Economists were expecting new-home sales to finish stronger in July, aided by low mortgage rates that act as an incentive for buyers.

Why new construction isn’t easing Chicagoland’s inventory problem

The homebuilder community has regularly offered a succinct answer to the reason for its industry’s sluggishness, generally calling out labor, lumber, laws and land as pain points. But some researchers are poking holes in their assertions of late. 

Visualizing suburban housing market momentum

Which areas of Chicagoland are seeing the highest increases and decreases in median sale prices?

Existing-home sales post year-over-year gain

Home sales activity is picking up this summer, thanks in part to historically low mortgage interest rates, and despite some worrisome signals on the broader economy as of late.

Home sales rebound, though Chicago still shows sluggishness

Statewide home sales were up 0.3 percent from last year and sales in Chicagoland were up 0.2 percent from July 2018. But looking solely at the city of Chicago, Illinois Realtors recorded a 5.3 percent year-over-year decrease in existing-home sales.

Housing starts show builders are cautiously optimistic

U.S. homebuilders appear optimistic that low mortgage rates can turn the tide in favor of stronger sales in the months ahead.

Low rates boost mortgage industry but spook financial markets

Wall Street has found itself increasingly on edge in recent weeks, but strangely, that may be breathing fresh life into the mortgage lending industry.

Consumer confidence on housing hits all-time high

Fannie Mae’s Home Purchase Sentiment Index for July rose to its highest reading in nine years.

Home prices in Chicagoland see modest gains in Q2

Median single-family prices for the metro area were up 1.2 percent over last year, but that’s a far cry from the national rate of 4.3 percent. Find out why Chicagoland is lagging.

Why a slower market could be ‘a dream come true’

At the start of the year, price growth was at 2 to 3 percent year-over-year. Now, it’s between 0.5 and 1.5 percent, depending on the city. But according to Thad Wong, co-founder of @properties, that might not be a bad thing. 

The most popular interior design trends in Illinois

While good design is something pretty much everyone aspires to, homeowners often choose particular styles that are inspired by what is popular in their part of the world. Find out which aesthetics and choices are most popular in Chicagoland, and see how this varies when compared to what’s popular in other markets.

Pending home sales finally grow year-over-year in June

The National Association of Realtors’ Pending Home Sales Index broke a 17-month streak of year-over-year declines to log an annual increase in June. Last month also marked the second month in a row in which nationwide pending home sales grew, a fresh sign that homebuyers are finally emboldened by falling interest rates.

New Subscribe

  • This field is for validation purposes and should be left unchanged.