As the economy has improved, more Cook County residents may be ready to make the transition from renting to owning their homes. A recent report on housing trends in Chicagoland found that after peaking in 2015, the number of renter households in the county decreased by 20,911 in 2017 while owner households increased by 14,759.

Industry confidence in the single-family housing market for older adults reached an all-time high last quarter. However, while employment is also surging, residential construction is one area to which workers are not flocking.

In national real estate news, we have the first indication that home price increases have hit negative territory, economists disagreeing about why that might be and a new hire at NAR.

Using these two sets of data released Tuesday, the market’s outlook for the next few months seems to be good, since pending home sales have been increasing and home price growth has been decreasing.

Although disappointing on its face, the news that sales activity declined in March compared to an unusually strong February wasn’t a shock to housing market experts.

See how 2019 started out with our first quarterly release of Real Data.

Housing inventory rose to a 4.4-month supply, an increase from both last month’s 3.4 months and last year’s 3.2 months. Chicagoland inventory is also higher than the national supply of 2.7 months.

Find out what Chicago Agent magazine readers who work in the luxury business have to say about their clients, transactions and trends in the market.

Chicago is one of the many cities identified as “power markets” by Coldwell Banker’s Global Luxury program, a distinction that didn’t surprise Dawn McKenna.

NAR’s Home Buyers and Sellers Generational Trends Report is full of facts and figures, but we’ve focused on a topic that may be especially close to the hearts of agents: what buyers from these various generations think of you.

In the decade following the housing crisis, Hispanic and Latino populations accounted for the majority of growth in the U.S. homeownership rate, according to a recent report from the National Association of Hispanic Real Estate Professionals. The 2018 “State

The Census Bureau recently released a report for February 2019, showing a shortage of homes on the market. Despite a national drop in construction of new homes, a few cities have still been able to push permits for new

Surveys of American consumers continue to point to renewed optimism in the housing market. Fannie Mae’s Home Purchase Sentiment Index approached an all-time high reading in March, gaining five points over February to reach 89.8. This was driven by

The coming spring season, when home sales usually take off, could be a great one for buyers as the stars align in their favor: Mortgage rates are low, inventory levels are higher and price growth has slowed. Already, home

The state of the U.S. housing market has shifted rapidly in the last few months, but are consumers keeping up? A new survey from the National Association of Realtors makes the case that low mortgage rates and increased inventory

Chicago lead the country in construction activity by two key measures last month, as the broader housing market showed signs of weakness. According to a new report by BuildFax, Chicago was one of just four metro areas that saw a significant increase