Current Market Data

Pending home sales rise for third consecutive month

For the third consecutive month, pending home sales rose slightly in December, according to the National Association of Realtors. The Pending Home Sales Index, an indicator based on contract signings, rose to 110.1 in December, an increase of 0.5

2017 Illinois housing market surpasses 2016 levels

The Illinois home market ended 2017 on a high note in terms of both median prices and sales, with the former increasing for 64 straight months. However, due the lack of available inventory, the number of home sales in

Report reveals most financially valuable home projects

In this year’s Cost vs. Value report from Remodeling Magazine, “curb appeal” projects led the way with increases in value. The report measured the average payback for 21 common professional remodeling projects in 149 major U.S. markets. While only

Luxury home sales increase to close out 2017

In its latest luxury market report, Redfin found that luxury home prices in the U.S. rose 7.4 percent year over year to an average of $1.76 million in the fourth quarter of 2017. The analysis tracked home sales in over 1,000

Millennials face implications in the housing market

Several long-term economic factors, including the explosion of student debt, are making homeownership a distant goal for most millennials. In a new Apartment List report, a renter survey that elicited responses from more than 11,000 millennials across the United States,

Rich, saturated colors and mixed metals among the top home design trends in 2018

Expect urban farmhouse designs, fashion-influenced trends, mixed metals and richly saturated colors to make a splash this year. Angela Nuessle, director at Pulte Homes National Interior Design, recently revealed the latest design and décor trends that are sure to be

Buying a home more affordable than renting in over half of US housing markets

ATTOM Data Solutions released its 2018 Rental Affordability Report, which showed that buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 U.S. counties analyzed. The analysis included recently released fair market rent

Chicagoland home sales soar in final quarter of 2017

The inventory shortage in the Chicagoland area may not have improved at the end of 2017, but the number of home sales reached its highest point since 2006, with 116,081 properties sold, according to RE/MAX. The median sales price

Zillow: Crisis-level inventory shortage plagues US housing market

Home shoppers looking to buy in 2018 will have 10 percent fewer homes to choose from than a year ago, according to the December Zillow Real Estate Market Report. The for-sale inventory across the nation has been falling on

Must-have kitchen designs for 2018

Many homeowners around the country have big renovation plans for 2018, and a number of them are eying the heart of their home: the kitchen. According to the 2018 U.S. Houzz Kitchen Trends Study, 87 percent of homeowners are making

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A quarter of US homes sold above list price in 2017

Home sales in 2017 showed nearly one-quarter (24.1 percent) of buyers paid more than the asking price, netting sellers an additional $7,000 on average over their initial offering price. The share of homes selling above list price has grown

How buyers are financing their homes

Across the country, both home prices and demand for homes grew in 2017, driven by low inventory. As supply and affordability can be a hurdle for some homebuyers, many are still optimistic about their ability to receive financing even

US home prices continue to rise, and Chicago is no different

Amid low inventory and soaring sales, home prices around the country continued to increase in October, according to the latest S&P CoreLogic Case-Shiller Indices. Prices were up 6.2 percent over last October and up from 6.1 percent in September.

Redfin: The average American home costs 18 bitcoins

Bitcoin, the first ever cryptocurrency to function independent of a bank or middleman, soared last month from $5,870.37 per coin on Nov. 12 to $16,650.01 on Dec. 12, a 183.6 percent jump. As of Dec. 21, its value was

Fannie Mae: Gig economy workers hope to buy houses, but not in near future

We see evidence of it everywhere — big pink mustaches on car dashboards, round black “U” stickers slapped on the back of car windows and friends allowing out-of-towners to rent rooms in their homes for a modest price. The

Single-family housing starts surge along with builder confidence

After a slow construction season in October, housing starts across the nation saw a 3.3 percent jump in November, according to data from the U.S. Department of Housing and Urban Development and the Commerce Department.  Single-family construction, in particular,

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