Current Market Data

Builder Confidence Rises to Highest Level in 9 Years

Builder confidence has continued its recovery in September, according to new NAHB research. Homebuilders are clearly a happy bunch. According to the National Association of Home Builders’ latest Housing Market Index, which is the leading measure of confidence in the

5 Fascinating Findings on How Generation Z Perceives Homeownership

Generation Z, according to new survey results, have interesting views on homeownership. Generation Z, the next cohort of Americans after the Millennial generation, represents the most wired, diverse group of Americans in the nation’s history. Indeed, starting around the mid-90s

Hesitant Banks Keep Mortgage Originations Low

Housing experts comment on the industry’s slow recovery, and tight lending and  underwriting standards are a popular culprit. The summer sales season is over and activity in the housing market has, expectedly, begun to take a dip. However, some analysts

4 Stats that Explain Why Housing Still Hasn’t Recovered

Housing has been stuck in a rut in 2014, but when you look at the proper information, it makes perfect sense. After a stellar 2013 driven by investors and wealthier consumers, housing has bounced around sideways through most of

4 Ways Housing Has Left the Middle Class Behind

Housing may be recovering, but it has not done so in a manner that is beneficial for the middle class. There can be little doubt that the U.S. housing market is in recovery – home prices reversed track in

5 Key Details About the FHFA’s Plan to Reform Fannie Mae & Freddie Mac

The FHFA is soldering on with its own plan to reform Fannie Mae and Freddie Mac. Reform efforts for Fannie Mae and Freddie Mac, the humongous government-sponsored entities who play an integral role in the nation’s housing market, have

4 Ways Housing Has Left the Middle Class Behind

Housing may be recovering, but it has not done so in a manner that is beneficial for the middle class. There can be little doubt that the U.S. housing market is in recovery – home prices reversed track in

Are Subprime Mortgages the Answer to Tight Lending Standards?

Subprime mortgages were the big bad wolves of the housing crash, but could they be the answer to our mortgage lending blues? It’s no mystery that mortgage lending in today’s housing market is the strictest it’s been since the

The Top 5 Reasons Renters Do Not Buy a Home

Why do some consumers rent and not own? New survey results suggest that the answer to that question is not a straightforward one. They have insufficient savings or too much debt; they do not have enough income; they have

Price of Newly Built Homes Up Nearly a Third Since 2004

Everyone knows that newly built single-family homes have become quite pricey, but the exact numbers are still eye-opening. We’re no strangers to the rising costs of new homes, here at Chicago Agent. Every month the past few years, we’ve been

Baby Boomers: Facing the Housing Realities of Retirement

As things stand, Baby Boomers could be facing a serious housing crunch as they continued moving into retirement. The increasing difficultly Millennials face on the path towards homeownership has been a popular subject in the real estate industry as

Boston Asking Price Growth Among Best in Nation in August

Asking prices continued their ascent in August, according to new numbers from Trulia. Asking prices in the Boston area rose 6 percent year-over-year in August, according to the latest Price Monitor from real estate website Trulia. That gave Boston the twelfth-strongest asking

5 Reasons the Mortgage Crisis May Be Ready for Round 2

We’ve made considerable headway into repairing the damaged caused by the first mortgage crisis, but another one could be right around the corner. One of the more frustrating aspects of economics is the innate difficulty in assessing and predicting

Housing Inventory Not in Favor of First-Time Homebuyers

Though overall housing inventory is showing signs of recovery, it’s not progressing in a way that helps first-time homebuyers. According to the National Association of Realtors, 2014 has been a very good year for housing inventory. After falling precariously

How Much is $1 Million, Really?

$1 million is a hefty chunk of change, but new data shows that it goes much farther in some metro areas than in others. How much is $1 million, in the grand scheme of things? According to some very interesting

CoreLogic Report Examines Growing Home Prices

Home prices continue rising, CoreLogic finds, but the geographic drivers of the increases may be shifting. Home prices continued to show signs of improvement in July, according to the latest Home Price Index report from CoreLogic. Nationwide, home prices, including

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