Current Market Data

First-time homebuyers battle low inventory

It’s getting harder for first-time homebuyers to find suitable starter homes The Chicagoland housing market has become an increasingly precarious place for first-time homebuyers, according to a detailed new report from Trulia. In a deep analysis of the nation’s housing

Cash sales at their best since 2008

In 2015, cash sales made up 33.9 percent of all residential real estate transactions, according to a new report from CoreLogic. That’s the lowest level since 2008. About midway through 2007, when the crash was becoming too apparent to

The single most challenging housing trend for Chicagoland agents

Housing affordability is a major issue, and there’s one trend in particular that’s making it worse It’s no secret that housing affordability is a major concern for U.S. homebuyers, but a new report from RealtyTrac has underscored just how pronounced the

Why Millennials may leave the city after all

Cities may see less Millennials moving in going forward, thanks to shifting demographic trends as the generation grows older, according to a new CityLab report. The report, which covered a talk by USC urban planning professor Dowell Myers, argued

Chicago’s top-selling neighborhoods, Feb. 2016

See our chart below for the top-selling neighborhood housing markets in Chicago in February, according to research from Redfin. To adjust between total home sales and the single-family/condo markets, click on the tabs (and click here to see the top-selling neighborhoods in Chicago).

Chicagoland’s top-selling suburbs, Feb. 2016

See our chart below for the top-selling suburban housing markets in Chicagoland in February, according to research from Redfin. To adjust between total home sales and the single-family/condo markets, click on the tabs (and click here to see the

Why more Baby Boomers are choosing renting over buying

In mid January, a small cadre of consultants from research group John Burns Real Estate Consulting attended the National Multifamily Housing Conference, looking for evidence of future trends in housing. They found one, and it involves the possible decline of

New NAREB initiative to boost African American homeownership

NAREB seeks to address barriers on both the borrowing and lending side of homeownership The National Association of Real Estate Brokers (NAREB) plans to launch a nationwide wealth building and  homeownership initiative focused on African Americans. The initiative has a goal

First hotel since revolution sets up shop in Cuba – developers to follow?

It was a big weekend for tourism in Cuba, as two American companies inked special deals sanctioned by the U.S. government to extend their business in the Caribbean island. And it could have big implications for developers hoping to

Watch These 5 Exciting Trends in Chicagoland Housing

Chicagoland’s housing market outperformed the national averages in February While home sales stumbled on the national stage, the local Chicagoland market turned in a very solid February performance, according to the latest analyses from the Illinois Association of Realtors,

Why Chicago is One of the Nation’s Hottest Millennial Markets

The Chicagoland area has the seventh-best Millennial housing market in the country, according to a new analysis from LendingTree. Per LendingTree’s numbers, 45.48 percent of purchase requests in Chicagoland come from Millennials, with the average age of the buyers being

A Quick Reference Guide to Spring Buyers

Real estate is a seasonal business – transactions rise and fall with the weather. And now it is officially spring. If agents want to capitalize on the sales bump, they’ll need to be prepared. Earlier this week, Redfin released an

Hispanics will Drive Housing’s Future. Here’s Why

New research reaffirms how important Hispanic consumers are for the future of housing in America The numbers speak for themselves: in 2015, the number of Hispanic-owner households saw a net increase of 245,000, accounting for 69 percent of the total

Why Foreign Buyers are Losing Their Love for American Real Estate

A strong dollar and rising home prices leave foreign investors cold on buying in the U.S. The post-boom U.S. housing market has benefitted immensely from foreign consumer demand. According to the National Association of Realtors, foreign homebuyers accounted for 209,000

7 Surprising Ways Homebuyers’ Generation Affects Their Purchase

New, or used? Detached, or townhome? Environmentally friendly? Close to work? Near shopping centers and entertainment venues? The number of options available to homebuyers in our real estate market is limitless, and NAR’s latest Home Buyer and Seller Generational

TRID Gets More Blame – Is It Deserved?

The debate over TRID’s true impact on mortgage markets is ongoing, but according to a new survey from the American Bankers Association, lenders are still grappling with longer processing times and delays in mortgage closings, which many are attributing

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