Posts by John Yellig

NAR: Existing-home sales slide 2.7% in April on short supply

Existing-home sales slid for the third month in a row in April, declining 2.7% from March to a seasonally adjusted annual rate of 5.85 million, according to the National Association of...

RE/MAX: Recordbreaking median home sales price climbs again in April

The limited inventory that has plagued the housing market continued, although at an abated...

NAHB: Builder confidence stays strong in May despite concerns about materials costs

Builder confidence was steady in May, carrying over April's reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market...

Home prices surge in Q1, and Chicago is no exception

In Chicago, the median sales price of a single-family home jumped 16% on a year-over-year basis to $303,500, the NAR said, citing its quarterly...

Employment growth misses estimates in April with 266k new jobs

The employment numbers for March were revised down as well. The most recent data indicate a 770,000 increase in jobs for the month, compared to the previously reported increase of...

Mortgage applications dip as rate increases in latest MBA survey

"This is a sign that the competitive purchase market, driven by low housing inventory and high demand, is pushing prices higher and weighing down on activity." — Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel...

Private equity-backed firm acquires JP & Associates Realtors

Private equity-backed Cairn Real Estate Holdings LLC acquired Frisco, Texas-based brokerage and franchisor...

NAR tech-venture fund names 2021 REACH recipients

The 2021 REACH recipients have collectively raised more than $700 million in capital, employ more than 125 people and represent a valuation of more than $1...

S&P CoreLogic Case-Shiller: Chicago home prices continue to climb

Nationwide, the seasonally adjusted housing index rose 1.1% month over month in February and 12% year over year, up from monthly and yearly increases of 0.8% and 11.2% in January, respectively....

New-home sales surge 21% in March

Year over year, the pace of sales was up 66.8%...

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