Current Market Data

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.

Latest jobs report beats expectations

After the October jobs report showed unexpected labor market strength, experts believe the Fed will be unlikely to plan further rate cuts.

How low rates may be keeping the U.S. economy afloat

Lower interest rates are not only keeping the market steady, they may be prolonging a housing expansion at a time of year when the market naturally begins to slow down.

Midwest sees a bump in pending home sales

NAR economist urges developers to consider converting vacant office space, shopping malls to condos to relieve housing shortage.

New-home sales down in September; experts blame supply woes

Lack of inventory is stalling growth. Learn why some are saying they don’t expect housing starts to reach pre-recession levels until 2022.

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