Current Market Data

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

The 7 characteristics of 2017’s Silent Generation buyers that agents need to know

Understanding buyers is going to be especially important this year – interest rates and prices are rising, inventory shortages remain commonplace throughout the U.S., and our housing market is now operating under a president promising a broad spectrum of

IBREA/NAR discuss revolutionary ‘blockchain’ tech at association headquarters

On Thursday, Jan. 26, the International Blockchain Real Estate Association (IBREA) hosted a meeting at the second floor of the NAR building on Michigan Avenue, all centered around a burgeoning technology called “blockchain.” The program’s host, John Mirkovic, an IBREA representative and

Builders reveal what their 10 biggest problems in 2017

Homebuilders across the nation faced crippling labor shortages in 2016; in fact, it was the biggest problem they faced all year. Don’t expect anything to change in 2017. Eighty-two percent of builders say the No. 1 problem they expect

Chicago’s top-selling neighborhoods of 2016

See our chart below for the top-selling neighborhood housing markets in Chicago in all of 2016, according to research from Redfin. To adjust between total home sales and the single-family/condo markets, click on the tabs. When possible, we have also

Chicagoland construction caps off 2016 with nation-leading growth

The Chicagoland new construction market concluded 2016 in spectacular fashion, according to research from Dodge Data & Analytics. In December, Chicagoland saw more than $452 million in total residential construction spending, which is a 34 percent increase from Nov. 2015. Moreover, year-to-date construction

Chicagoland’s top-selling suburbs of 2016

See our chart below for the top-selling suburban housing markets in Chicagoland in all of 2016, according to research from Redfin. To adjust between total home sales and the single-family/condo markets, click on the tabs. When possible, we have also

5 important details about the 2017 Chicagoland housing market

How did the Chicagoland housing market fare in 2016? Did the market grow, or contract? Did sales rise, or fall? Is inventory still a problem? To find out the answers to those questions and more, we consulted the latest

7 important qualities of the Baby Boomer buyer in 2017

Understanding buyers is going to be especially important this year – interest rates and prices are rising, inventory shortages remain commonplace throughout the U.S., and our housing market is now operating under a president promising a broad spectrum of

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