Trends

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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

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

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.

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

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’

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

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

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

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.

Is 2020 really the year of the suburb?

2020 has seen much speculation that COVID-19 is driving households away from cities to lower density places in the suburbs. RCLCO looks at whether 2020 is indeed the year of the suburbs.

Re-imagining real estate in a global pandemic

Empty commercial space is a looming crisis. What if all that unused real estate were converted to housing?

Single-family rent price growth shows a divide in recovery across price tiers

A new report from CoreLogic shows higher-priced rentals returned to 2019 growth rates while the lower-priced tier continues to lag.

Economist sounds warning on unemployment, housing market

“COVID-19 cases are on the rise and there is increasing likelihood of a further impact on economic activity, which may trigger a corresponding increase in unemployment in impacted industries,” says First American Chief Economist Mark Fleming.

Full House: Pandemic buyers want room for multi-generations

A new report from NAR points to changes in homebuyer and home seller behavior brought about by the pandemic.

Homeownership is increasing during the COVID-19 recession: Here’s why

The decision to rent or to buy was once a question of finances and lifestyle preferences, but the coronavirus pandemic has added yet another complex layer to the equation for many Americans.

Chicagoans eyeing Indiana for a move

The third quarter was like a game of musical chairs for many who are abandoning large cities for more affordable areas of the country. See what’s happening in Chicago.

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