Current Market Data

A laptop, smarthphone, camera, coffee and open magazine on the floor.
Here are 6 ways consumers use tech to buy real estate

  In a new report, Real Estate in a Digital Age, the National Association of Realtors offers insight into homebuyers’ technology usage habits. It’s a rare consumer who doesn’t incorporate technology into his or her homebuying pursuits – 95

A woman uses a touch screen device.
A fresh look at real estate tech: 6 agent and brokerage habits

  For today’s real estate agent, technology is indispensable in getting the job done quickly and efficiently. According to NAR’s recent 2017 Real Estate in a Digital Age report, agents and brokerage firms rely on a variety of tools

Chicago ranks 7th for Millennials living with their parents, study says

The current generation of 18-to-34-year-olds – otherwise known as Millennials — is more likely to be living with their parents than in any other living situation for the first time in 130 years, according to a recent study. Just over

nela-richardson-economist-redfin-2017-housing-real-estate-market-predictions-comissions
Chicagoland’s top-selling suburbs, Feb. 2017

  We’ve ranked the top-selling suburbs in Chicagoland in February 2017, using data provided by Redfin. Use the tabs to navigate between total home sales, single-family sales and condo/townhome sales: Total Home Sales Single-Family Home Sales Condo/Townhome Sales Suburb

Good news for homeowners as home equity increases

  During the past year, total home equity held by households rose by 10.9 percent, or $1.317 trillion, to $13.349 trillion, according to the Federal Reserve Board’s fourth quarter of 2016 release of its Financial Accounts of the United States report.

The most expensive ZIP codes in Illinois in 2016

  Which Illinois ZIP codes have the highest median sales price? Real estate research company PropertyShark recently ranked the 50 most expensive ZIP codes in Illinois. At the top of the list is Kenilworth’s 60043 ZIP code, with a median sales

Close up of a young man wearing a hat, building in background.
4 homebuying regrets to help your clients avoid

Typically, the purchase of a new home would merit jubilation. But not among the more than 2,400 adults recently surveyed by NerdWallet, a personal finance website. Almost half the homeowners surveyed said they’d tackle buying in a different way if

Despite market uncertainty (or perhaps in spite of it) more people want to buy homes, study finds

Every year, Redfin polls recent and prospective homebuyers in an attempt to gauge how people’s views of the housing market have changed, or remained the same, from one year to the next. But this year is different. This year

Report: Most Millennials want a bigger home

Americans live much larger than they did 30 years ago, despite families being slightly smaller. But that doesn’t mean Americans want bigger homes. As a recent Trulia study showed, homeowners suffer from widespread “grass-is-always-greener” syndrome, in which small home

Every president’s starting median home price

The median home price nationwide when President Donald Trump took office was $234,900, according to the National Association of Realtors. Apart from Trump, there have been eight presidents to hold office since NAR started compiling comprehensive home sales data

Dearborn Realtist Board town hall addresses the state of housing in Black America

Housing segregation is a problem in every major U.S. city, including Chicago. How members of the real estate community, and particularly members of the Black real estate community in Chicago, can address that problem was front and center at

What’s the average mortgage debt in our state?

Illinois homeowners on average have more mortgage debt than borrowers in most other states, an analysis from Business Insider confirmed this month. How much debt exactly? According to data Business Insider obtained from Experian, $176,282 in 2016, making it

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

New Subscribe

  • This field is for validation purposes and should be left unchanged.