Current Market Data
Home sales don’t seem to be slowing down as October recorded the fastest pace of sales since June, according to the latest report from the National Association of Realtors (NAR). Total home sales grew to a seasonally adjusted rate
Despite a decline in properties available, home sales grew in Chicago this October compared to last year, according to the latest report from RE/MAX Northern Illinois. Home sales rose 2.7 percent from last October to 8,931 units, even though
No matter who you are or what you believe in, your own seemingly-insignificant preferences shed some light on the type of home you prefer. Whether you’re a single woman with a dog or a dad who is glued to
As millennials get older, they’re trading in their train passes for minivans and heading for the suburbs, according to National Real Estate Investor’s study of suburban areas with the best potential for millennial population growth. Thanks to home prices
Real estate is becoming an increasingly competitive field, with new technologies coming constantly changing the industry. However, sometimes the best edge for agents is simply knowing the ins-and-outs of neighborhoods so you can position yourself as an expert when
New home starts are predicted to increase 3 percent to $765 billion, according the Dodge 2018 Construction Outlook. Total starts in 2017 are expected to climb 4 percent to $746 billion, according to Robert Murray, chief economist for Dodge Data
Consumer confidence in the housing market fell slightly in October 2017, according to Fannie Mae’s Home Purchase Sentiment Index (HPSI). HPSI, which measures confidence in buying or selling homes, decreased 3.1 percent from September 2017’s record high 88.3 to 85.2.
Compared to last year, home prices in the Chicago-Naperville-Arlington Heights MSA rose 4 percent in September 2017, but the market remained unchanged between August and September, despite home prices becoming overvalued in many cities nationwide. According to CoreLogic’s U.S. Home
Home prices continued to grow in nearly every major metro across the country in the third quarter, according to the latest quarterly report from the National Association of Realtors. The national median existing single-family home price rose to $254,000,
Luxury home prices grew 4.9 percent in the third quarter of 2017 compared to the same time last year as inventory tightened on the top end of the market. This marked the first quarter in which luxury inventory fell
Through August 2017, there have been 852,825 housing permits issued this year for single- and multi-family homes — an increase of 7.7 percent over August 2016. A recent report from the National Association of Home Builders analyzed U.S. Census Bureau’s Survey of
Are you new to your neighborhood and looking to make friends? It may not be as easy as it used to be. According to a new survey, 40 percent of Americans avoid their neighbors altogether. The Homes.com survey also reveals that
The number of residential homes being built in Chicagoland may be on the decline, while more money is being spent on erecting commercial buildings, according to the most recent monthly Dodge Data & Analytics report. In the Chicago-Naperville-Joliet MSA,
The number of non-current mortgages and mortgage delinquencies in the U.S. rose significantly in September, in large part due to Hurricanes Harvey and Irma. Delinquencies have increased significantly since both storms have hit, climbing higher than they’ve been since
In the Chicagoland market, Chicago had the most luxury home sales in the third quarter of 2017, according to a new report. While the city’s inventory of homes of at least $1 million decreased 5 percent since Q3 2016,
Homebuyers are becoming more and more eager to build their homes from scratch, this according to a recent report put out by the National Association of Home Builders in collaboration with the Wells Fargo Housing Market Index. Since last May,