Current Market Data

The top 5 trends homebuyers will regret

With homebuying confidence on a steady descent since August, it’s clear the high prices of homes are affecting both buyers and sellers across the country. According to ValueInsured’s Modern Homebuyer Survey, 79 percent of homeowners believe that now is

Young homebuyers still seek traditional layouts — but with flexibility

Add one more item to the list of differences between Millennials and Baby Boomers: how they choose to use their dining room. The Taylor Morrison Consumer Survey asked 1,000 U.S. adults to describe how they use a home’s existing

Median U.S. home value increases by $12,500 since last year

Just months after median U.S. home values reached their highest point in history, home values have continued to rise. Zillow recently released its October 2017 Market Housing report showing that the median U.S. home value stands at $203,400, a $12,500,

Prepare your bunkers: Chicago second-worst city for surviving the Apocalypse

If you’re worried about the next apocalypse after watching Rick Grimes and Daryl Dixon combat monsters on The Walking Dead, you may not want to set your sights for Chicago. In fact, scratch any large metropolitan cities off your

Illinois home sales see small rise in October

Forty-three counties in Illinois reported slight gains in home sales in October, according to Illinois Realtors. Last month, 12,796 single-family homes and condominiums sold, up 0.3 percent from October 2016. On average, it only took 54 days to sell

October home sales reach fastest pace in four months

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

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Chicagoland home sales grow despite dwindling inventory

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

Redfin: Personal values greatly impact homebuying

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

City millennials heading for the suburbs, says NREI

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

4 ways agents can become neighborhood experts

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 forecast predicts increases in single-family housing, decreases in multifamily

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

Fannie Mae: Buyer, seller confidence falls in October

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.

Chicago home prices jump 4 percent since last year

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 continue fast growth in the third quarter

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,

Buyers continue to seek out luxury homes even as prices soar in Q3

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

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U.S. home permit growth on the rise in 2017

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

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