Real Data
The demand for housing in the U.S. has reached a new all-time high since 2017, a rare occurrence for this time of year when the market typically slows. According to a Redfin report, a recovering economy and all-time low mortgage rates are critical factors in the current market.
As dramatic rent prices impact states across the nation, renters are searching for more affordable places to call home. Nationally, the median rent price is up over 16% since January, with some cities seeing double that, according to a recent Apartment List report.
Demand for second homes was up 70% from pre-pandemic levels in October, according to a new report from Redfin. This outpaced August’s 48% gain but was below January’s record 91% growth.
Boston and Raleigh had the highest bidding-war rates, as the rate fell to a 2021 low.
Lack of inventory continues to restrict home sales as fewer homes sold in September, and closed home sales dropped.
Asking prices for homes reached an all-time high in September, despite pending sales and new listings cooling.
Housing affordability has changed across all 50 top markets, proving to be more affordable than it was during the previous housing peak, according to First American Financial’s latest Real House Price Index.
We’re over halfway through 2021, and the Chicagoland real estate market is still going strong. Brokers in the city and suburbs are on track to have their best year ever, and our new report lists the top-producers for the second quarter.
Market competition has eased up recently, but seven in 10 buyers still face bidding wars, according to a new report from Redfin.
The first quarter of 2021 is under our belt, and sales are thriving in the Chicago metro area as the nation begins to reopen. Take a look at the top-producing agents and brokerages across Chicagoland through Agent Publishing’s collaboration with Midwest Real Estate Data LLC.
Welcome to our Top Producers/Real Data issue, which highlights those who made waves in the 2020 Chicagoland market.
2020 has seen much speculation that COVID-19 is driving households away from cities to lower density places in the suburbs. RCLCO looks at whether 2020 is indeed the year of the suburbs.
The numbers are in for the fourth quarter of Chicago Agent magazine’s Real Data 2020!
This snapshot of the agents and offices that recorded the most residential sales on the MLS in the second quarter of 2020 offers insight into where the market has been in the past three months, and perhaps even a look forward in these uncertain times.