Current Market Data

Chicago leads metro area in luxury home sales

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,

Homebuilder confidence soars since last May

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,

Home sales decline for third consecutive month while prices rise

For the third month in a row, there was a decline in home sales in September. However, the average home sale price continues to rise. A recent Redfin report shows that in September, home sales fell by 8.1 percent —

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How many working hours does it take to buy a home?

The ability to own your own home is a dream for most Americans, but depending on which part of the country you live in, that may require more working hours than in other locations. A recent report from How Much

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Suburban rules: Majority of new homes built in community association

A recent survey shows about six out of every 10 homes built in 2016 were built within homeowner’s or community associations. The U.S. Census Bureau’s Survey of Construction (SOC) defined homeowner’s associations as “formal legal entities created to maintain common

Predictive analytics preferred over realty AI, says survey

According to a recent survey from Imprev Thought Leadership, two out of three real estate executives favor newer technology such as Predictive Analytics, Marketing Automation and Big Data for future business, while less than half are willing to invest

New flooring trends for single-family homes

The trends they are a changin’. Resilient — or vinyl — flooring is out, and real hardwood floors have reemerged as the leader in the flooring market. A new report from Home Innovation Research Labs shows that in the last 12

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Millennials want smarter homes over starter homes

Millennials are interested in smart homes, and are willing to pay more for them. Because these 18- to 35-year-olds represent the first generation born into the digital age, they are thought of with negative connotations like laziness and vanity.

What baby boomers want in their next home

In a recent poll about what baby boomers want as they move into retirement, many said they are looking for homes near their grandchildren and homes with a multi-car garage and storage. According to the Del Webb Baby Boomer

Mortgage delinquency drops in July

It’s as easy to pay mortgages on time now as it was 10 years ago in July 2007, this according to CoreLogic’s monthly Loan Performance Insights Report. 4.6 percent of mortgages were in some stage of delinquency in July — a decrease of 0.9 percent from July 2016

Porches rise in popularity when constructing new homes

In 2017, the home trends seem to indicate that people want to spend more time outside, but not far from home. Porches seem to be swinging back in style with a majority of new home construction projects begun in

Sherwin-Williams picks its 2018 color of the year

Source: Sherwin-Williams Sherwin-Williams released its 2018 Color Forecast, where Oceanside was named color of the year. Oceanside (SW 6496), a rich, deep blue color, won for its comforting warmth, while still leaving a hint of the unknown, evocative of

U.S. home prices continued to rise in August

It seems as though homeowners who believe that next year will be a better time to sell may be right as home prices continue to rise. Not only increasing year-after-year, but also month-to-month as of August 2017. CoreLogic released

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Top bathroom renovation trends of 2017

Homeowners in 2017 want a lot in their bathroom space. However, what used to be one of the main bathroom components — the bathtub — is one they do not want, preferring alcove or corner showers. Houzz recently released their

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Home flippers move toward more affordable markets as profits plateau

Less homes are being flipped, for less of a profit, and for those who do, the cost is the most expensive it’s been in nearly 10 years, according to a new report from ATTOM Data Solutions. Flipping trend on

Hispanic buyers account for more of the homeowner population than ever before

As population demographics continue to change, so too does the fate — and face — of the average American homebuyer. Accounting for nearly 17 percent of the U.S. population, the typical homeowner is more likely than ever to be

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