Trends

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Price Per Square Foot in Chicago Jumps 14.8% in January

Has price per square foot continued its 2013 ascent in the New Year? Many things occurred in the housing market in 2013, but perhaps the most notable was the marked ascent in home prices and the price per square

Who Were Chicagoland’s Top Homebuilders in 2013?

Homebuilding in Chicagoland made major strides in 2013; what homebuilders were leading the charge? Chicagoland’s new-home marketplace made considerable strides in 2013. With 4,404 new home contracts signed, Chicagoland saw a 27.0 percent increase from 2012, according to analysis

What’s the Most Effective Bidding War Strategy in Chicago?

With inventory low and showing no signs of improving, what can agents do to distinguish their clients? Chicago started out 2014 with another double-digit decline in housing inventory, and such low supply in a recovering housing market can only

Higher Priced New Homes See Far Stronger Sales Increases Since 2010

Though new homes have seen, on average, very impressive sales increases since 2010, the specific gains have told a different story. We’ll start with the good news – after its worst years since record-keeping began in the ’60s, the

Housing Affordability in Chicago Falls 8.7%

Housing affordability has fallen nationwide in the last year; what of here in Chicago? Housing affordability in the Chicagoland housing market fell 8.7 percent in 2013, according to newly released data by the National Association of Realtors. From 2012

Inventory in Chicago Starts 2014 on Wrong Foot, Drops 10.5%

Chicago’s housing inventory blues have not improved much with the New Year. Chicagoland’s housing market has distinguished itself from other national markets in several ways the past few months; unfortunately, the area’s rapidly declining housing inventory has been one

MRED Mobile Usage Since 2011

Midwest Real Estate Data (MRED) started tracking agents’ mobile usage of its MRED app in March 2011. Every year, mobile use, according to MRED, proceeds in a bell curve; there is lower mobile use at the beginning of the

Trulia: Chicago Asking Prices Leap 15.8% in January

Chicagoland’s housing market continued to grow in confidence in January. Asking prices in the Chicagoland housing market increased 15.8 percent year-over-year in January, according to the latest Price Monitor from real estate website Trulia. That was the fourth strongest

CoreLogic: Chicagoland Home Prices Rise 12.5% in 2013

Chicagoland’s housing market showed some definite positivity in 2013, according to CoreLogic. Home prices in the Chicagoland marketplace rose 12.5 percent in 2013, according to the latest CoreLogic Home Price Index. That was the fifth strongest yearly increase of

Census Bureau: Residential Construction Jumps 18% in 2013

Last year proved a very positive one for residential new construction, according to the final Census Bureau numbers. Residential construction spending finished out 2013 at a very fine $352.6 billion, according to the final number crunching by the U.S.

What Chicago Neighborhoods Have the Highest – and Lowest – Vacancy Rates?

When it comes to the housing market, Chicago remains a tale of two cities. It’s no mystery that when it comes to home sales, home prices and foreclosure rates, Chicago is very much a tale of two cities, but

Redfin: 19.6% of Chicago’s Listings Pending in Two Weeks

Has Chicago’s housing market picked up any steam in the last year, or is it moving sideways? We’ve been reporting with marked regularity on how the nation’s housing market has slowed down, but is that trend consistent here in

NAR: Housing Inventory in Chicago Drops 14.65%

Housing inventory is something we follow pretty closely, and realtor.com’s latest numbers suggest quite a bit about the current housing market. Oh housing inventory, how we love you. One of the major narratives of the housing recovery, it seems

Residential Construction in Chicago Nearly $260 Million in Dec.

Chicagoland put up strong residential construction numbers in December, though the market did take a step back from 2012. Residential construction in the Chicagoland area totaled $259 million in December, according to the latest number crunching over at McGraw

CoreLogic: Chicagoland Foreclosure Inventory Down 38%

Chicagoland’s foreclosure inventory continues to improve, according to the latest research by CoreLogic. Chicago: Chicagoland’s foreclosure marketplace continued on the path to recovery at the end of 2013, according to CoreLogic’s latest National Foreclosure Report. In Dec. 2013, 3.6

Pending Home Sales Drop 8.7% in December, is Housing in Trouble?

Last year closed out on a sour note for pending home sales, according to NAR’s final tally. Dec. 2013 was a rough month for pending home sales, with the Pending Home Sales Index dropping 8.7 percent from November to

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