Trends

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Builder confidence falls again as housing market faces ‘inflection point’

Builder sentiment has taken a hit from an unexpectedly sharp increase in mortgage rates and continued disruptions in the supply chain, according to the National Association of Home Builders’ monthly survey. 

Investor homebuying stalled dramatically in Q4 2021: a CoreLogic analysis

Investor activity showed early signs of slowing during Q4 of 2021, down from the historic highs seen in the second and third quarter, CoreLogic’s latest analysis reveals.

When’s the best time to sell a home in Chicago?

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

Is the pandemic-driven second home buying boom over?

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

Is the real estate market starting to shift?

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. 

How much space does $1,500 get you in Chicago?

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.

Housing prices top last summer’s highs, hit new record

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

Mortgage applications continue falling in latest weekly survey 

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

Two more years until inventory bounces back, experts say

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.

Pending-home sales down for fourth month in a row 

“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  

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