Current Market Data

See which interior design style is preferred by Illinois residents

Dust off that gaudy chandelier and break out the lace: Victorian interiors are back in style, at least for some Americans. Though it may be surprising, a recent report from custom furniture brand Joybird reveals that Victorian-era designs are the most

On the move: Why Chicago renters are leaving in droves

Despite settling in Chicago, a recent Apartment List report suggests that many of the city’s renters aren’t so settled after all. The survey – which consists of nearly 24,000 metropolitan renters nationwide – reveals that nearly 80 percent of residents currently

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Overall housing starts fall in July while single-family starts remain steady

Builder confidence led to a solid single-family housing market in July while overall housing starts decreased, according to new data from the U.S. Department of Housing and Urban Development and the Commerce Department. A similar report from the National Association

More Americans are shying away from homeownership, survey finds

  Though the housing market may appear constantly abuzz with new buyers and sellers, an Experian survey has found that fewer and fewer Americans are interested in owning a home. In fact, 27 percent stated that they were not

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New survey shows shift in home types, finishes

As the housing market continues its rebound, trends among builders and buyers are evolving. A key finding from the recent 2017 Builder Practices Survey from Home Innovation shows that the market is seeing a move toward central price points. The

Man’s best roommate? Survey shows dogs influence housing choices

Feeding, cleaning up after, visiting doctors, taking trips to the playground. Yes, dog ownership is much like caring for a child, but it’s still often shrugged off as less of a commitment than parenting a human — some even

Luxury home prices saw strongest growth since 2014

For the first time since 2014, luxury home prices saw stronger price growth than homes in the bottom 95 percent of the market, according to the latest report from Redfin. Luxury home prices rose 7.5 percent in the second

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Housing sentiment falls in July after last month’s record high

The Fannie Mae Home Purchase Sentiment Index (HPSI) saw decreases in three of the six components in July, leading to an overall decline of 1.5 percentage points to 86.8 in July after June’s record high of 88.3. However, it

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Redfin stock struggles to find its footing

After its share price exploded in early trading, Redfin stock has fallen back to earth — though the company is still bullish about its long-term prospects. After debuting on July 28 at $15 per share, the real estate technology firm quickly spiked,

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Report shows increase in Q2 sales of Chicagoland luxury homes

The sale of homes priced at $1 million or more increased 8 percent to 899 units in the second quarter of 2017, according to the recent RE/MAX Luxury Report on Metro Chicago Real Estate. But while the luxury market

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Report: Housing demand dipped in June

The number of people seeking new homes slipped 4.3 percent in June — albeit from an all-time high in May, according to the most recent Redfin Housing Demand Index. In the index, 100 represents the historical average for the three-year

Chicago’s growing interest in Miami luxury real estate: a Q&A with Million Dollar Listing Miami’s Chad Carroll

Miami is one of the hottest international real estate markets in the U.S., with a reputation for attracting buyers from a number of countries including Colombia, Venezuela and the United Kingdom. However, domestic interest is also growing in the city, specifically

Home renting is at a 50-year high, report finds

Due to lingering effects of the 2008 housing crisis, renting has become a widely popular option for those hoping to combine an independent lifestyle with affordability. In fact, more Americans are actually renting a home than at any point

Chicago has some of the highest hidden homeownership costs in the country, report says

Potential buyers often judge a home’s affordability by looking at list price or mortgage rate alone. However, it’s crucial to take additional, more overlooked costs into consideration before purchasing a property. According to a recent Zillow report, Chicago has some

Down payment misconceptions may deter first-time homebuyers

Over the last decade, homeownership rates in the U.S. have fallen drastically, with an average of 63.4 percent in 2016 compared to 69 percent in 2004. The 2008 financial crisis has been largely blamed for the swift decline, but

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Chicago home prices continue to rise in June

According to the CoreLogic June Home Price Index, home prices in the Chicago-Naperville-Arlington Heights MSA have increased on both a year-over-year and month-over-month basis. From June 2016 to June 2017, home prices saw a 3.6 percent increase in the MSA

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