Trends

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Smaller markets lead the way in Q1 home-price gains; Chicago sees 7.2% rise

Seventy percent of the 185 metros surveyed by the National Association of REALTORS® saw double-digit price gains in the first quarter, compared to 66% in the preceding period. 

Mortgage applications fall as rates hit 13-year high

Overall mortgage-application volume was at its lowest level since 2018, the Mortgage Bankers Association said.

Home prices climb nationally and in Chicago, which ranked No. 17 for annual percentage growth

Home prices nationwide continued to climb higher in February compared to 12 months ago, according to the S&P CoreLogic Case-Shiller Indices.

New-home sales fall again in March

Low inventory and rising interest rates have reduced prospective homebuyer purchasing power. 

NAR data shows another dip in existing-home sales

Rising interest rates and home prices have taken a toll on would-be homebuyers’ purchasing power, leading to increased inventory and another monthly slowdown in sales. 

Overall new-home construction rises in March despite slowdown in single-family

Single-family home starts declined compared to February, while new apartment construction was up, according to government statistics.

Builder confidence falls again as housing market faces ‘inflection point’

Builder sentiment has taken a hit from an unexpectedly sharp increase in mortgage rates and continued disruptions in the supply chain, according to the National Association of Home Builders’ monthly survey. 

Investor homebuying stalled dramatically in Q4 2021: a CoreLogic analysis

Investor activity showed early signs of slowing during Q4 of 2021, down from the historic highs seen in the second and third quarter, CoreLogic’s latest analysis reveals.

When’s the best time to sell a home in Chicago?

If you’re planning to sell your home this spring, get moving.

Is the pandemic-driven second home buying boom over?

Report finds buyers are backing off from buying second homes, but what’s causing the turnaround?

Is the real estate market starting to shift?

Surging mortgage prices are causing buyers to step back amid signs a recent Redfin report found point to the start of a shift in the market. 

How much space does $1,500 get you in Chicago?

Our expectations and desires have shifted, with renters searching for more space — often at a higher price tag. And, according to a new study from RentCafe, that’s especially tough in Chicago.

Housing prices top last summer’s highs, hit new record

With fewer people putting their homes on the market, prices continue to skyrocket.

Mortgage applications continue falling in latest weekly survey

The decrease comes as interest rates continue to climb, according to the Mortgage Bankers Association. 

Two more years until inventory bounces back, experts say

Housing inventory should reach pre-pandemic levels by the end of 2024, according to the results of Zillow’s latest Home Price Expectations Survey. More than 100 market experts and economists weighed in to predict upcoming trends.

Pending-home sales down for fourth month in a row

“Buyer demand is still intense, but it’s as simple as ‘one cannot buy what is not for sale.” — National Association of REALTORS® chief economist Lawrence Yun  

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