Trends

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New home construction surges in March, suggesting relief for homebuyers
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 Development

Millennials dominate homebuyer market as Gen Z enters
Millennials dominate homebuyer market as Gen Z enters

Eighty-eight percent of all homebuyers said they used an agent as a source of information during their search, and 91% of millennials age 22 to 30 said the same.

Chicagoans’ interest in luxury apartments peaks
Chicagoans’ interest in luxury apartments peaks

Report finds luxury apartment search is at an all-time high in Chicago.

Americans on the move: Illinois top state for outbound migration
Americans on the move: Illinois top state for outbound migration

The COVID-19 pandemic is accelerating migration across the country, following moving patterns that began in prior years, according to a new report.

Chicago ranked No. 13 most glamorous city in U.S.
Chicago ranked No. 13 most glamorous city in U.S.

A new report ranks the glamour capitals of America — as well as the glamour deserts.

Here’s what 2021 buyers want in a kitchen
Here’s what 2021 buyers want in a kitchen

The Houzz 2021 Kitchen Trends Study highlights post-pandemic must-haves.

Pandemic-era sellers to iBuyers: ‘No thanks’
Pandemic-era sellers to iBuyers: ‘No thanks’

As the housing market heated up this summer, selling to an iBuyer became a less attractive option for many profit-minded homeowners.

Bought before they’re built: Advance new home sales highest since 2005
Bought before they’re built: Advance new home sales highest since 2005

An ongoing shortage of existing homes on the market has made newly constructed homes especially desirable.

Are condos the new bargain property?
Are condos the new bargain property?

A new Redfin report shows condos are selling for a record 17% discount to single-family homes as the coronavirus fuels demand for space.

Housing demand likely to stay high for years, according to new study
Housing demand likely to stay high for years, according to new study

There are 5.7 million “missing” households since the Great Recession, a fact likely to boost housing demand for at least the next several years.

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