Trends
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Nationally, home sales in the 51 metro areas surveyed by REMAX declined 3.2% year over year and rose 11.1% month over month.
Though the most lucrative week to list varies by city and region, spring is undoubtedly the smartest season to list.
Regionally, pending sales rose in the Midwest, South and West, and declined in the Northeast on a month-over-month basis.
Illinois isn’t a foreign buyer’s market waiting to happen. It is one that’s been quietly thriving for years.
Many Americans are planning a move this year, driven by lifestyle changes, family needs and homeownership goals, according to the 2026 State of Moving Forecast Survey by American Home Shield.
U.S. home sales declined 6% year over year and 32% month over month in January, according to the latest REMAX National Housing Report.
After five years of worsening, housing affordability has finally started to improve, according to a new Redfin study.
With mortgage rates approaching 6%, 5.5 million additional buyers that could not qualify for a mortgage one year ago would qualify at today’s lower rates, the National Association of REALTORS® said.
Chicago’s multifamily market entered 2025 with limited new inventory, and that scarcity only increased throughout the year.
As the housing market continues to adjust, design and community strategy have become drivers of buyer preference, according to Jenni Nichols, vice president of design at John Burns Research and Consulting.
Zillow’s Home Value Index shows that in 13 of the past 20 years, home values in the metro area of the Super Bowl champion grew faster than the national average.
The broader Chicagoland area, meanwhile, saw a slight uptick in sales during the year.
Several suburban communities experienced significant declines in prices during December, however.
Affordability challenges continue to bedevil homebuyers, despite mortgage rates falling to a three-year low, the National Association of Home Builders reported.
Research showed a disproportionately high share of foreign-born workers active in the construction trades nationally in 2024.
Sales of existing homes jumped 5.1% month over month, topping analyst expectations.