Current Market Data

Brexit: one expert speculates on what’s in store for real estate

On June 23, 2016, citizens of the United Kingdom voted to leave the European Union. In the wake of the decision, the British pound fell to a 31-year low against the U.S. dollar, the euro dropped one percent, and U.S.

7 signs that housing still has a long way to go

Americans are deeply pessimistic about economic mobility. By an overwhelming margin, they believe it is harder today to secure a middle-class lifestyle than it was for past generations. And a large majority continue to see the housing market in

Chicagoland home sellers see modest returns in 2016

Home sellers in the Chicagoland housing market have seen some of the most modest returns in the nation, according to the Q2 2016 U.S. Home Sales Report from RealtyTrac. Basing its analysis on publicly recorded sales deeds from more than 900 counties

Chicago’s top-selling neighborhoods in 2016’s first half

See our chart below for the top-selling Chicago neighborhoods in the first half of 2016, according to research 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

Appraising solar: a new approach

By the end of 2016, the Department of Energy estimates 1 million homes will be equipped with a solar energy system. And still there is no definitive way to value those systems in appraisals. A new report from the

Chicagoland’s top-selling suburbs in 2016’s first half

See our chart below for the top-selling suburban housing markets in Chicagoland in the first half of 2016, according to research from Redfin. To adjust between total home sales and the single-family/condo markets, click on the tabs. Total Home

FinCEN expands luxury real estate money laundering investigation

In January, the Financial Crimes Enforcement Network, a division of the Treasury Department, announced two Geographic Targeting Orders, or GTOs, to monitor all cash luxury transactions in both Manhattan and Miami. The purpose was to help authorities identify possible

Chicago’s top-selling neighborhoods, June 2016

See our chart below for the top-selling neighborhood housing markets in Chicago in May, according to research from Redfin. To adjust between total home sales and the single-family/condo markets, click on the tabs. Some important changes from May include: Sales in

How fast can a new home be built in Illinois?

There are a number of circumstances under which a home can be built, but in 2015, homes built for sale went up faster than any other, according to a new report from the National Association of Homebuilders. In a

Chicagoland home price growth leads the nation in new Case-Shiller

Monthly home price growth in Chicagoland was the strongest in the nation, according to the new Case-Shiller Home Price Indices from Standard & Poor’s. The leading home price metric in housing, the Case-Shiller, found that Chicagoland home prices rose

Chicagoland’s top-selling suburbs, June 2016

See our chart below for the top-selling suburban housing markets in Chicagoland in June, according to research from Redfin. To adjust between total home sales and the single-family/condo markets, click on the tabs. Some important changes from May include: Sales

7 encouraging stats about Chicagoland’s 2016 housing market

This year is shaping up to be a positive one for real estate in the Chicagoland area, and we’ve sifted through the latest reports from the local Realtor associations for the most relevant statistics. Here are seven stats of

Future labor shortage may be imminent – Blame it on the Boomers?

Today, builders are facing a serious labor shortage. A few years from now, that shortage could get even worse. In a new report from John Burns Real Estate Consulting, the research group’s vice president and chief demographer, Chris Porter,

2 Chicagoland neighborhoods among best opportunity markets in U.S.

Both Cicero and Alsip offer some of the best housing opportunities in the country, according to a new analysis from RealtyTrac. In its report, RealtyTrac analyzed 3,561 ZIP codes nationwide, focusing on areas with: at least 2,500 residents; an increase

How have Trump condo values done over the past year?

After a roll call vote on Tuesday in Cleveland, Donald Trump was officially nominated as the GOP’s presidential candidate. Unfortunately, his domination in Republican polls has done little to stymie the falling value of his once-coveted branded condos. In

Chicagoland’s Top Closings, June 2016

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

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