Posts by Liz Hughes

Mortgage rates hit nearly 20-year high, cause home sales to tumble

Canceled home-sales contracts hit their highest rate in almost a year as skittish homebuyers blanche at mortgage rates that are the highest they’ve been in more than 20...

Chicago listings rise, giving homebuyers more options as summer ends

A rise in new listings is finally giving potential homebuyers options as the summer market winds down....

High housing costs dampen homebuyer demand

Those looking to buy a house will be paying a premium as inventory continues to be an issue....

Our 2023 Who’s Who issue is live! Meet Chicagoland’s top real estate professionals

The 2023 edition of Who's Who in Chicago Residential Real Estate showcases the agents, brokers, lenders and affiliates who can rise to the occasion and deliver the depth of knowledge and guidance that clients...

Monthly mortgage payments up nearly 20% from 2022

Meanwhile, July’s home sale prices had their highest increase since...

Home sale prices near all-time high as demand grows

For the first time in nearly a year, the average home sold above list price, fueling bidding wars in some markets. ...

Chicago home values reach new peak as inventory drought intensifies

As more owners continue to hang onto their houses, home values locally and across the nation have reached a new peak, but it comes at a...

Homes are selling above asking price for first time in nearly a year

For the first time in almost 12 months, the average U.S. home is selling above its asking price, as the average sale-to-list price ratio hit 100.1% earlier this...

Housing inventory faces largest decline since 2022

There are nearly 40% fewer homes for sale now than before the pandemic...

Homebuyer competition driving up Chicago home prices

Homebuyer competition is driving up prices, as inventory constraints continue to plague the real estate market....

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