If you’re planning to sell your home this spring, get moving.

Report finds buyers are backing off from buying second homes, but what’s causing the turnaround?

Surging mortgage prices are causing buyers to step back amid signs a recent Redfin report found point to the start of a shift in the market. 

Our expectations and desires have shifted, with renters searching for more space — often at a higher price tag. And, according to a new study from RentCafe, that’s especially tough in Chicago.

CoreLogic predicts price increases to slow significantly by next spring in most metro areas, but the drop-off is not as severe in Chicago.

With fewer people putting their homes on the market, prices continue to skyrocket.

Chicagoland experienced a drop in home sales for both single-family (down 11.2%) and attached homes (down 6.6%) in February, according to a press release from the Mainstreet Organization of REALTORS®.

The decrease comes as interest rates continue to climb, according to the Mortgage Bankers Association. 

Housing inventory should reach pre-pandemic levels by the end of 2024, according to the results of Zillow’s latest Home Price Expectations Survey. More than 100 market experts and economists weighed in to predict upcoming trends.

“Buyer demand is still intense, but it’s as simple as ‘one cannot buy what is not for sale.” — National Association of REALTORS® chief economist Lawrence Yun  

Amid rising prices and hiking interest rates, Illinois homes sold faster in February 2022 than in the year prior, according to new data from Illinois REALTORS®.

Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.

What does the current generation of homebuyers and sellers look like? How old are they and how are they doing business? NAR has answers.

The median existing-home price for all housing types in February was $357,300, up 15% from a year before, as median prices rose in each region.    

“More groundbreaking is welcome news for a supply-starved housing market.” — First American deputy chief economist Odeta Kushi 

The measurement of six-month sales expectations among homebuilders took an especially negative turn in March, according to the National Association of Home Builders.