Current Market Data

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

City of Chicago takes steps to transform Bronzeville

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

When does owning in Chicago become a better deal than renting?

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

Two signs that Chicago’s housing market is in for a correction

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

2 stats that could sign an end to inventory shortages

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

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