Current Market Data

Chicagoland’s Top Closings, Oct. 2016

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

Survey: 90% agree email marketing is increasing in effectiveness

In its 2015 member profile, the National Association of Realtors found that 96 percent of its membership uses email either daily or nearly every day, making it the most used form of communication by Realtors – and as a survey of

The 5 things that define first-time homebuyers in 2016

Last week, we covered the release of NAR’s 2016 Profile of Home Buyers and Sellers, which reported that first-time homebuyer market share remains at its lowest level since 1989. But NAR’s profile included many more insights on first-time buyers in

Chicagoland’s top 10 luxury housing markets in 2016

Last week, we reported on the top luxury housing markets in Chicagoland during the third quarter, and now we’re back with the top luxury markets for all of 2016. Based on the same exclusive numbers from Redfin, we found the city

Chicago a top 30 homebuilding market to watch in 2017

When it comes to homebuilding, Chicago is a top 30 market to watch in 2017, according to a joint report from PwC and the Urban Land Institute. The city’s No. 28 ranking comes as little surprise, as Chicago has

Mortgage denial rates remain shockingly unequal across racial lines

The mortgage denial disparity remains as wide as ever across racial lines, and it’s especially pronounced here in Chicagoland, according to new Zillow analysis of Home Mortgage Disclosure Act data. The numbers are hardly encouraging: for all mortgage applicants in

Chicagoland new construction at its highest level since 2009

We reported last week that residential construction in Chicagoland is posting some of the most impressive spending increases in the nation this year, and now this week, MetroStudy has complemented that earlier report with some positive findings of its

The top 10 luxury housing markets in Chicagoland

The Streeterville/Gold Coast area of Chicago is the top luxury housing market in Chicagoland, according to exclusive numbers that Redfin provided Chicago Agent. In 2016’s third quarter, the market saw 70 sales of $1 million or more, edging out the city’s

Study: 2.5 million consumers will soon re-enter the housing market

Approximately 2.5 million consumers are rejoining the housing market this year, according to a new study from Experian. During the downturn and subsequent recession, many consumers tacked foreclosures, short sales and/or bankruptcies onto their credit report, where they remained for seven years. Between June

NAR: Homebuyers in 2016, and how they are – and are not – changing

There are housing reports, and then there is NAR’s Profile of Home Buyers and Sellers. An authoritative look at the housing market and the consumers who propel it forward, NAR’s report is a must-see document every fall, as it

Why credit is more available than you or your clients think

There are more renters in the U.S. today than at any other time over the last 50 years. More than half have considered buying a home, but have held off because most think they can’t afford it. A report from

Markets to watch in 2017: Chicago

There is no denying the building and lot availability problems plaguing the Chicago market, but that doesn’t negate the fact that it’s still considered one of the top real estate markets to watch in 2017, according to a joint

6 emerging real estate trends to watch in 2017

Every year, the Urban Land Institute, in collaboration with PwC, takes on the notoriously herculean task of understanding where the nation’s real estate market – and the patchwork of markets that make it up – is heading. The two groups

The top 20 Chicagoland offices in 2016 by YTD growth

Last 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 business

Chicagoland new construction continues to lead the nation in 2016

The Chicagoland new construction market is putting up some of the most impressive numbers in the nation this year, according to research from Dodge Data & Analytics. In September, Chicagoland saw more than $446 million in total residential construction spending,

The 4 ways consumers shop for homes in today’s market

It’s no secret that the Internet has revolutionized real estate, bringing a new level of access and breadth to an industry long defined by its exclusivity. What’s less known, though, is how consumers are interacting with that revolution, and

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