Current Market Data

-insurance-auto-bundle
Lack of down payment savings and debt thin ranks of would-be homebuyers

It’s well known that many Americans are delaying or opting out of homeownership. A new study by Country Financial points to what could be the biggest reason: Difficulty coming up with a down payment. Forty-six percent of millennials and

New 2019 housing forecasts reflect brighter outlook

Only three months ago, the consensus among economists studying the U.S. housing market was that 2019 would be, at best, unimpressive. Given prevailing trends at the time, it looked as though rising interest rates would continue driving up the

rsz_homes_street_chicago_bungalows_istock_000016016587_xxxlarge
Slow start to 2019 could set up busy spring market in Chicagoland

The Chicagoland area had a slow January for home sales, but that may not be a bad thing for the market overall. Detached single-family home sales in the metro area took a 12.1 percent hit in January over a

Why the market shouldn’t keep you up at night

Agents could be forgiven for feeling a little whiplash from the market predictions over the last quarter or so. First, economists warned them to brace for rocketing interest rates, but with recent remarks from the Federal Reserve, some are

Jan. existing-home sales leave room to grow

Evidence of slower price appreciation, growing inventory and falling interest rates have boosted economists’ expectations for U.S. home sales at the beginning of 2019. However, these trends that should entice buyers haven’t yet made an impact when it comes

For-sale inventory snaps 5-year losing streak

Changing tides in the national real estate market are leading to the most widespread inventory increases seen in at least five years. According to data collected by Zillow, for the first time since 2014, the U.S. housing market posted

Real Data 2019: the good, the better and the best in Chicagoland real estate

Welcome to our annual Real Data issue, which highlights the agents and offices that dominated property sales in 2018 in Chicagoland, as well as those making waves in the smaller tracts of Cook, DuPage, Kane, Lake, McHenry and Will

Where is Chicagoland’s biggest growth in high-earning households?

One of the things that drives real estate is the search for the next booming neighborhood. While there’s no easy way to know for sure where the next popular spot will be, sometimes the answer lies hidden in plain

Low mortgage rates fuel housing market outlook

Only a few months ago, most economists, mortgage lenders and others who closely track the mortgage market assumed interest rates would continue rising through 2019, driving up the cost of home purchases. But several weeks into the new year,

Profit for home sellers hits 12-year high

In a year defined by rising home prices, sellers fared well in 2018, according to a new report from Attom Data Solutions. Based on its analysis of public sales records across metro areas with at least 200,000 residents, the

Price cuts improve affordability for new construction buyers

The residential property market continues to look better for prospective buyers as the trend of falling prices extends into the new construction segment. In the fourth quarter of 2018, according to data from Zillow, more than a quarter of

agents-clients-working-office-buyers-sellers-people
December home sales show market headwinds subsiding

The most recent existing home sales report from the National Association of Realtors found sales volumes decline on both a monthly and annual basis in the final weeks of 2018. December home closings touched their lowest annual rate since

agent-consumers-buyers-sellers-real-estate-realtor
Home listing growth accelerates to near 4-year high

At a key moment for the U.S. housing market, Redfin found more evidence that homebuyers are entering 2019 in perhaps the strongest position in years. The number of homes for sale in the nation’s largest markets grew 4.8 percent

How the Chicagoland market and consumer expectations are changing

The Chicago Association of Realtors held their 2019 market outlook event this Tuesday, examining a variety of issues that will impact the lives of members in the coming years. The sold-out event examined both economic predictions and how real

Case-Shiller price index flat in October, shifting power to buyers

Conditions continue to improve for homebuyers in many of the largest U.S. cities, according to recent data from S&P CoreLogic’s Case-Shiller National Home Price Index and Redfin. The latest reading of the closely watched Case-Shiller index found home price growth

Millennial renters aspire to homeownership, but getting there could take decades

It may not be surprising by now to hear that the next generation of young adults wants to follow in their parents’ footsteps and become homeowners soon. That’s also increasingly true for those who are currently renters. A new

New Subscribe

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