Confidence in the US housing market grows – Chicago Agent Magazine Current Market Data

Home buyers, home builders, and the general public have renewed their confidence in the economy and in the housing market. This doesn’t necessarily mean everything is back to normal, but because consumers are more than two-thirds of the economy, a confident consumer is more likely to buy a home.

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The U.S. housing market is a major indicator of the strength of the economy. When the economy is strong and people are confident about the future, they are more inclined to buy houses, upgrade.

This post is part 3 in a four-part series on housing confidence across the United States Part 1, focused on the Northeast, can be found here. Part 2, focused on the South, can be found here. Part 4, focused on the West, can be found here. Housing market confidence picked up robustly in the Midwest over the

The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.

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Two recent measures of Americans’ confidence in the national housing market improved in the last month, showing that more homeowners as well as consumers are generally feeling more optimistic about this key segment of the U.S. economy.

But a sizable number are no longer content to sit on that nest egg and watch it grow. They want cash – now. equity to work is the name of the game in the 2018 housing market – both for current.

The United States housing bubble was a real estate bubble affecting over half of the U.S. states.Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012. On December 30, 2008, the Case-Shiller home price index reported its largest price drop in its history.

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Len Zlatnikov Real Estate agent on North Shore of Chicago. 85 likes 4 talking about this. I am a licensed real estate broker and a local Chicago North.

Chicago Real Estate Market 2019 Trends #1. Chicago Home Prices . Chicago is one of America’s largest cities. According to Mashvisor’s data, the current price of homes for sale in Chicago is $454,977.