Current Market Data

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

The 10 safest communities in Chicagoland

Bannockburn in Lake County is the safest community in Illinois, according to a new analysis from Niche. With an assault, murder, robbery, vehicle theft, and larceny rate of zero (and a very low burglary rate), Bannockburn was rated highly

Americans say the best candidate for housing is…

In less than a year, either Donald Trump or Hillary Clinton will be president. One of them will set the policies that will impact housing over the next four years. In a recent survey from Trulia, the listing site found

Realtor.com economist – “best summer for residential real estate in a decade”

Jonathan Smoke is the chief economist for realtor.com, and in a commentary he recently wrote for CNBC, he suggested the nation’s current economic arrangement is a “nearly perfect scenario” for this summer’s real estate market. “During the boom, loose

7 Chicagoland school systems ranked among the U.S.’ top 20

Seven of Chicagoland’s suburbs are among the nation’s top 20 places with the best public schools, according to the latest school rankings from Niche. Glencoe, Kenilworth, Wilmette, and Winnetka all tied for seventh place, while Northfield placed at No. 11, Lincolnshire

Chicagoland’s 10 best places to live

Naperville is Chicagoland’s best place to live, according to a new ranking from Niche. Basing its ranking on crime, schools, cost of living, job opportunities, local amenities, and a host of other factors, Niche rated Naperville highly for its

7 essential things to know about foreign homebuyers in 2016

NAR’s latest survey of international buyers, which the association conducts annually, provided some keen insights into the U.S. housing market and the role that foreign consumers play. Here were the seven most notable findings from the survey: 1. Falling

Chicago commuters are lucky – here’s why

Everyday, millions of Americans in hundreds of cities across the country wake up and have to catch public transit – whether it be a bus or train. The experience is more pleasant for some than others. And in a

Architects answer “what do homeowners want?”

Trends in home design over this year’s first quarter are treading familiar territory, with higher-end homeowners building bigger and, for another year, informal spaces, open space layouts, and access in and out of the home proving the most sought-after design

These are Chicago’s 4 coolest neighborhoods

Where are the coolest neighborhoods in the U.S.? And are any of them located in Chicago? Real estate brokerage Cushman & Wakefield set out to locate those neighborhoods with its “Cool Streets Report,” and four Chicago areas – Wicker

Why 222,000 Chicagoland renters cannot buy homes

Earlier this week, we reported on the sobering findings of the Joint Center of Housing Studies’ latest report, which found that millions of households in America are struggling with housing costs, much to the detriment of housing markets across

Redfin announces new tool for agents

Redfin this week released its newest tool Opportunity Score, which will measure the number of jobs within a 30-minute, car-free commute from a particular address, giving agents yet another tool and credential to use in their listing presentations and

Consumers say the market’s in crisis, Realtors stay positive. Who’s right?

The majority of Americans agree the nation is facing a serious housing affordability problem – but Realtors say they’re confident about the current real estate market, as well as how it will perform over the next six months. If

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