Trends

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Have we hit the bottom on consumer confidence?

A new report anticipates that declining consumer confidence could lead to reduced spending.

Chicago falls behind nation with 0.6% decrease in prices

Luxury home prices listed on Redfin rose 1.2% in early summer, according to a new report.

Best. Month. Ever. July home sales beat out 2019 by nearly 9%

Nationwide, the rebound is in full swing with sales experiencing their best month in the history of RE/MAX’s National Housing Report.

Another banner month for homebuilding

New housing starts numbers suggest that if you can’t buy it, then build it, according to one economist.

The future is in single-family built-for-rentals, according to a new report

A new report from RCLCO says the single-family rental market is likely to be undersupplied over the next 10 years, presenting a strong opportunity for investors, builders and developers to create new rental home communities.

Think racial disparities in lending are a thing of the past? Think again.

Borrowing money can be a tricky undertaking for first-time homebuyers, but that’s long been the case in communities of color, where disparities in lending are a reality in the industry.

What mortgage lending will look like in the post-COVID-19 world

Learn why the foreclosure rate is unlikely to reach the previous recession’s level, though changes in homebuying social norms are here to stay.

Chicago real estate still trails pre-COVID-19 levels in realtor.com report

New listings back above pre-COVID-19 levels nationwide but still down from the previous year, according to realtor.com.

Unintended consequences of high prices and low rates

In these unprecedented times, it’s hard to know what’s next for the economy. But a few stark facts about the housing market will shape activity in 2021, according to local investors and economists.

Chicago buyers want affordable homes in coronavirus era

Chicagoans are looking for smaller, more affordable homes in the COVID-19 era, according to a new report from Point2.

Illinois equity-rich properties up slightly in second quarter

ATTOM Data Solutions’ report of increased equity in residences across the country could be good news for the nation’s ability to absorb potential wave of foreclosures.

Unemployment drops again, but long road to recovery remains

Nearly two million jobs were restored in July, as the economy struggles to return to pre-pandemic levels.

Chicago has higher millennial homeownership rate than national average

Report finds lower cost of living, higher median earnings compared to national average.

Consumers remain optimistic even as population declines in the Midwest

A survey conducted by Meyers Research shows that homebuyer confidence has actually increased during the pandemic; what’s changed is where people want to live.

Chicago’s CRE community is worried, but residential real estate offers two bright spots

A new report from The Real Estate Center at DePaul University checks in on how the industry and Chicago’s economy are doing halfway through a challenging year.

Chicago ranked 29th most expensive city for housing

RealtyHop asks whether homeownership is affordable for the average family. See how Chicago did.

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