Current Market Data

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.

Real Data Q3 2019

Once again it’s time to check in on the people and offices with the most activity in Chicagoland real estate. Get a quick glance of the people and offices who made waves in Q3 or dig deep into the full lists of the top 20 agents, offices and highest single-family closings in each of the six counties we cover.

Home sales dip, while Midwest prices jump 7.2 percent from last year

NAR chief economist: Housing shortage is stunting potential growth.

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.

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