Posts by John Yellig

New home construction surges in March, suggesting relief for homebuyers

Privately owned housing starts jumped 19.4% from February's revised estimate to a seasonally adjusted annual rate of 1,739,000, according to the U.S. Census Bureau and the Department of Housing and Urban...

Zillow: Most experts expect relief to supply woes later this year, early 2022

Forty-three percent of respondents to the first-quarter Zillow Home Price Expectations survey expect inventory to improve in the second half of the year, followed by 26% who expect it in the first half of...

Redfin closes $608 million takeover of RentPath early

RentPath's sites, which include ApartmentGuide.com, Lovely, Rent.com, and Rentals.com, will continue to operate as normal while their listings are integrated with Redfin.com, a process that is expected to wrap up in...

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

Home prices posted monthly and yearly gains in January across the U.S. as well, according to the S&P CoreLogic Case-Shiller...

New home sales slide nationwide

Much of the year-over-year increase in home sales was supported by continued robust activity in the Southeast, which saw a 20.2% rise to an annual rate of 458,000...

Charles Rutenberg Realty among top 5 firms to win 2021 QE Award

Charles Rutenberg Realty was one of 35 real estate brokerage firms in the U.S. recognized for "extraordinary customer service" in the 2021 QE Awards and was one of the top five large firms — and the only one in Chicagoland...

Housing observers expect February job gains to continue

“More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day.” — National Association of Realtors Chief Economist Lawrence Yun...

Black Knight: Mortgage forbearances finish February with weekly increase

The increase follows a decline earlier in February that cut the number of homeowners in forbearance plans to less than 2.7 million, the first dip below that threshold since April...

Pending home sales hit record high in January

The all-time high for January comes as limited supply cut pending transactions on a monthly basis, the association...

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