Posts by Kerrie Kennedy

More COVID-19 fallout: declining affordability

If household income growth slows and house prices continue to rise, even today’s record-low mortgage rates may not keep homes in an affordable range, according to a new...

Pending home sales make record comeback in May

Contract activity surged 44.3% in May, the biggest gain on record, as homebuyers rushed back to the market after...

In Chicago, a new kitchen adds nearly $13,000 in value

A new report reveals the improvements that homeowners and renters say add the most to the overall price of a...

Pent-up demand hits the post-lockdown market in Chicago

As millennial demand grows, a new report from Zillow predicts its days-to-pending metric will eventually match or beat its record...

New construction sales rose 16.6% in May amid improving builder sentiment

Despite record-breaking unemployment, sales of newly built single-family homes rose in May, as builders rushed to meet pent-up demand and flight to...

Sales fell again in May; strong rebound around the corner, says NAR

While existing-home sales were down again, the National Association of Realtors predicts a post-lockdown boom that will surpass 2019 sales...

Call it the coronavirus effect: Young adults are moving back home

Roughly 2.7 million U.S. adults moved in with a parent or grandparent in March and April as the coronavirus pandemic spread, potentially costing landlords hundreds of millions of dollars in monthly rent payments and casting doubt on the future of...

Same time, next year? What to tell your sellers who want to wait out 2020

While it’s tempting for sellers to think conditions will improve by next year, experts say the full effects of the coronavirus on real estate won’t be seen for months, and that might mean large discounts...

Permits, builder sentiment indicate turning point for the market

In a sign of continued forward momentum, single-family permits posted an 11.9% gain in May, while builder sentiment jumped 21 points in...

Single-family rent prices post lowest growth rate in 9 years

The latest CoreLogic report reveals the first measurable impact to the single-family rent market, pushing price growth to its lowest rate since the initial recovery of the Great Recession. ...

New Subscribe

  • This field is for validation purposes and should be left unchanged.