Current Market Data

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

The 3 Chicagoland neighborhoods ready for a surge in demand in 2017

Do you work in the Downtown Oak Lawn, Woodlawn, or Belmont Gardens housing markets? If so, 2017 may prove to be a busy year. According to the new “Hottest Neighborhoods” rankings from Redfin, those three neighborhoods will see the most

Study: Top 20 most trusted homebuilders in America

Taylor Morrison Home Corporation is once again the most trusted homebuilder in America, according to Lifestory Research’s 2017 Home Builder Study. Polling the opinions of more than 31,000 active home shoppers, Lifestory Research’s survey, now in its fifth year,

Chicagoland one of the top 10 investor markets in the U.S.

The Chicagoland metro area offers housing investors the sixth-highest yields in the nation, according to a new study from HomeUnion. Basing its research on single-family rental yields, HomeUnion predicts that Chicagoland’s yields will be 7.5 percent, which spots it

Black communities have been left behind in Chicagoland’s housing recovery

On the surface, things look pretty swell for the Chicagoland housing market: home sales are up 4.8 percent; median sales price has risen even more, jumping 6.7 percent; time on market is down nearly 12 percent; and both foreclosure

Why are so many home sales failing to close in Chicagoland?

Deals to sell homes failed at a much higher rate in 2016 than in 2015, and that was particularly true here in Chicagoland. That was the finding of a striking new report from Trulia, which computed the number of

2 of the nation’s 10 safest suburbs are in Chicagoland

Two of the 10 safest suburbs in the nation are located in Chicagoland, according to new rankings from NeighborhoodScout. Basing its analysis on the rate of property and violent crime per 1,000 residents, NeighborhoodScout found that Lake in the

Chicagoland’s Top Closings, Dec. 2016

In our new Real Data report, we’ve detailed the agents who closed December’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

Buying bests renting in most of Chicagoland’s housing markets

It makes more financial sense to buy than rent in half of Chicagoland’s counties, according to new research from ATTOM Data Solutions. In its analysis, which incorporated 2017 rent data from HUD, wage data from the Bureau of Labor Statistics and public record sales

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