Current Market Data

Chicago’s new construction market firing on all cylinders

Chicago’s new construction market ended 2016 on a high note. It started to 2017 still hitting that same note, apparently. A new report from Dodge Data & Analytics shows that in January, residential construction spending in Chicago skyrocketed over

Chicago’s not only walkable, it’s safely walkable

Chicago is a safe city for pedestrians – one of the safest in the nation, a new study found. And that’s great news for real estate agents, because today’s homebuyer is mobile. We already knew Chicago was a walkable city.

Report: Chicago one of 2017’s “best real estate investment opportunities”

Attention real estate investors: Chicago is one the country’s five “best real estate investment opportunities in 2017,” according to online real estate investment management firm HomeUnion. And how did HomeUnion come to that decision? 1. Steady inflow of jobs

Survey: Agents and lenders need to better educate borrowers on closing costs

When the TILA-RESPA Integrated Disclosure (TRID) rule was passed in Oct. 2015, it was billed as a simplifying of the mortgage process – at least as far as borrowers were concerned – and an effort to increase transparency, particularly as

Survey: Borrowers worry how Trump and DeVos will manage this barrier to homeownership

The Millennial homeownership rate fell to a 30-year low last year, and a big contributor to that trend is growing student loan debt. The country has an opportunity to address the issue under newly elected President Donald Trump and

One Chicagoland suburb saw sales double in January

Chicagoland’s suburban single-family home sales slipped five percent from Jan. 2016 to Jan. 2017, according to the Mainstreet Organization of Realtors. But that hasn’t stifled the optimism. “We are exactly where I would expect with the current lack of

Report: “The World’s Most Admired” homebuilders

Toll Brothers is “The World’s Most Admired” homebuilder, according to Fortune. Of the five homebuilders named by Fortune, the Pennsylvania-based builder, which operates in markets across the country, came in on top. Fortune cited Toll Brothers’ renowned management, innovation,

Chicago’s top-selling neighborhoods, Jan. 2017

See our chart below for the top-selling Chicago neighborhoods 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 Condo/Townhome Sales Neighborhood

Chicagoland’s top-selling suburbs, Jan. 2017

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

3 trends that defined Chicago’s housing market in January

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

Four trends Gary Keller says may change real estate

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

Chicagoans are overvaluing their homes

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

The top 20 Chicagoland offices in 2016 by YTD growth

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

Four ways builders are beating the labor shortage

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

The Top 20 Chicagoland agents in 2016 by YTD Growth

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

Chicagoland’s Top Closings, Jan. 2017

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

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