Current Market Data
See our chart below for the top-selling suburban housing markets in Chicagoland in January, according to new numbers from Redfin. To adjust between total home sales and the single-family/condo markets, click on the tabs. Total Home Sales Single-Family Home Sales
In its monthly market report, Redfin dissected dozens of markets across the nation and found that in January, buyers typically faced three challenges: rising prices, low inventory and a fast market. That was certainly true in Chicago. Prices continue
Keller Williams Founder Gary Keller spoke via an invitation-only live stream this week on the nation’s real estate market, commenting on the state of today’s market, and speculating on the fate of tomorrow’s. One of the most pressing topics
There is a disconnect between homeowners and appraisers in Chicago, according to Quick Loans’ latest National Home Price Perception Index (HPPI). The good news is the disconnect is slight. In February, homeowner opinion in Chicago placed the average home price
Earlier this week, we reported on 2016’s top agents by year-to-date growth – agents whose 2016 business has grown the most over 2015. Now, we’re taking a similarly deep look at Chicagoland’s real estate offices, and which ones have grown their 2016
In the five years following the peak of the housing bubble – so from 2006 to 2011 – the United States’ construction industry lost 2.3 million laborers. By 2013, 60 percent had already found new careers in other industries – which meant
Which Chicagoland agents have seen the biggest year-over-year gains in their business in 2016? We took a deeper look at the market trends and put together the following chart, which shows the 20 agents who rose the most in the rankings of
In our new Real Data report, we’ve detailed the agents who closed January’s top home sales throughout Chicagoland. Click on the tabs below to adjust between the single-family, condo and townhome markets: Single Family Condo Townhome Single Family Sales Price Property
Mayor Rahm Emanuel and Third Ward Alderman Pat Dowell last month announced a “Parade of Homes” initiative that promises to expand Bronzeville’s single-family home options and complement the commercial development already happening in the neighborhood. Emanuel describes the effort
Buying a home in Chicago is a great deal – so long as the owner stays in it for at least two years. That was the conclusion of Zillow’s latest Breakeven Horizon report, which calculates how long the average homeowner
The most consequential question facing the housing industry today is: Are we approaching a correction? National Association of Realtors Chief Economist Lawrence Yun said in January that 2016 was the market’s best year since the Great Recession. He thanked job
Builders need to build – a ubiquitous sentiment throughout the country, and what some experts believe is the solution to widespread inventory shortages. Two new stats suggest that may be exactly what’s going to happen in 2017. The first stat
Understanding buyers is going to be especially important this year – interest rates and prices are rising, inventory shortages remain commonplace throughout the U.S., and our housing market is now operating under a president promising a broad spectrum of
On Thursday, Jan. 26, the International Blockchain Real Estate Association (IBREA) hosted a meeting at the second floor of the NAR building on Michigan Avenue, all centered around a burgeoning technology called “blockchain.” The program’s host, John Mirkovic, an IBREA representative and
Homebuilders across the nation faced crippling labor shortages in 2016; in fact, it was the biggest problem they faced all year. Don’t expect anything to change in 2017. Eighty-two percent of builders say the No. 1 problem they expect
See our chart below for the top-selling neighborhood housing markets in Chicago in all of 2016, according to research from Redfin. To adjust between total home sales and the single-family/condo markets, click on the tabs. When possible, we have also