Current Market Data

Homeowners saw an average price gain of $51,000 in Q2

According to the Q2 2017 U.S. Home Sales Report from ATTOM Data Solutions, homeowners who sold their homes in the second quarter saw an average price gain of $51,000 since their purchase. This is the highest price gain for

Not just millennials: Baby boomers want walkable neighborhoods too, study says

Millennials are known for their desire to live in cities with busy nightlife and easy access to outdoor activities. But this need doesn’t only apply to Generation Y — it turns out baby boomers want walkability in their neighborhoods as

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Chicago construction rates increased in June, report says

Despite falling considerably in May, construction rates in Chicago rose last month, according to recent data from Dodge Data & Analytics. The report considered all June 2017 construction starts in the area. Much of this year-over-year rise in total

Existing homes sales down in June due to low inventory

Home sales decreased in June thanks to low housing supply, according to the National Association of Realtors. The Midwest was the only area nationally with increased sales last month. Total existing-home sales (completed transactions that include single-family homes, townhomes,

National median home value passes $200,000 for the first time, study says

The typical U.S. home is now worth more than $200,000 for the first time in history, according to the June Zillow market report. The national median home value now sits at $200,400. This number is a notable 7.4-percent increase

Online searches for first-time buyer mortgages are at an all-time high

The process of buying a home can be extremely daunting, especially if it’s your first time doing it. Recently, Chase Home Lending and Google paired up to figure out how and what people are searching online about homeownership. The companies

Chicago is one of the most undervalued housing markets

Many of America’s largest metros have reputations for heavy competition and steep prices, and Chicago is no exception. But according to a recent report by Fitch Ratings, the Windy City actually has one of the most undervalued housing markets

U.S. homes are the least affordable since 2008, new report finds

The U.S. affordability index dropped to 100 in the second quarter of 2017, which is the least affordable level since the third quarter of 2008, according to a new report from ATTOM Data Solutions. The affordability index measures the

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Over 50 percent of Chicago homes are sold within 2 months, report says

For homebuyers entering today’s market, speed is the name of the game. With home inventory at its lowest levels on record, available homes are being bought in record time. In a number of cities, including Chicago, the majority of

You can rent out most homes in Chicago for a profit, study says

If you’re considering becoming a landlord in a city like Chicago, you’re in luck. Potential landlords can rent out most homes in a majority of America’s largest markets for a profit, according to a recent Zillow report. In 25

National housing inventory drops at fastest rate in four years, study says

Low housing inventory has troubled buyers since the end of the recession, and it doesn’t seem to be getting any easier to beat out the competition for a purchase. In fact, the number of homes for sale has now dropped

Sales speed, competition hit record highs in May

Last month’s buyers faced one of the most competitive markets to date, according to Redfin’s May 2017 housing market report. As homes flew off the market and supply continued to decrease, speed of home sales and buyer competition hit

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Homes sold faster than ever in April

April recorded the fastest ever time that homes for sale went under contract, just a month removed from setting the previous record, according to the National Association of Realtors. Homes for sale in April were typically on the market

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Chicago suburb named one of the best areas for families

For families hoping to relocate, Chicagoland’s Aurora suburb is a strong choice. In fact, a recent HomeUnion report listed Aurora as one of the country’s best places for families to live. The study analyzed markets across the country based

Cool, neutral paint colors may help increase home sales, study says

Choosing the right paint colors can make a major difference when it comes to home sales, according to a Zillow study. Zillow conducted its 2017 Paint Color Analysis of more than 32,000 photos of U.S. homes sold between 2010

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Existing home sales fall in April due to low supply

Low inventory led to decreasing existing home sales and days on market in April, according to the National Association of Realtors. The median days on market also declined, reaching a new low of 29 days. Total existing home sales,

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