Current Market Data
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
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
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
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
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.
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
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
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
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
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
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
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 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 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.
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
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