Trends

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Chicago homebuyers rush to the suburbs

“Based on the rising popularity of the burbs, some buyers might think they can catch a break by searching in the city, but unfortunately that’s not the case,” realtor.com Chief Economist Danielle Hale said.

Homebuyers: ‘We want green homes’

Sustainable practices in real estate can increase sales and boost the community, according to a new study.

Home price increase doubles pre-pandemic rate

It was another week of firsts with the increase in home prices more than doubling the rate recorded in January 2020.

Who’s doing better in home sales, liberals or conservatives?

A new report by Redfin shows counties of both political stripes are benefitting from a booming real estate market. See how the numbers break down.

Chicago leads nation in home sales increase of 20%

Home sales across the nation were up 4.3% year over year, making it the third best month for home sales in the 13-year history of the report.

Wallethub: Illinois middling when it comes to COVID-19 restrictions

A new report from the financial website Wallethub ranks each state on COVID-19 restrictions.

iBuyer activity down 88% in Q2

The biggest players in the iBuyer market closed up shop at the beginning of the pandemic, and a new report shows the numbers.

CoreLogic: Foreclosures could double by 2022

Serious delinquencies are expected to rise — particularly among lower-income households, small business owners and for those working in sectors hard hit by the pandemic.

Unemployment down in August, but long-term damage continues

The U.S. economy added 1.4 million new jobs in August, but one economist warns that permanent job losses are a bigger problem.

A young, serious African American woman sitting in a boardroom across the table from a young businessman. They are both wearing business suits and the man is looking at the woman and typing on a digital tablet. She is in focus and may be answering questions for a job interview.
Gender pay gap in commercial real estate grows to ‘staggering’ levels

This year’s release of the CREW Network’s benchmark study shows some backsliding in the industry, though there were a few bright spots as well.

Midwest home sales soar 81.4% in July

Nationwide sales of new single-family homes were at a seasonally adjusted rate of 901,000, up 13.9% from last month and 36.3% higher than July 2019.

More buyers are looking to leave Chicago for smaller cities

Buyers are moving from expensive coastal areas to more affordable inland areas, but the exodus from Chicago continues, according to a new report from Redfin.

From ‘suburgatory’ to ‘hipsturbia’: Pandemic buyers are headed to the ‘burbs

Americans are moving to less densely populated areas as a result of the pandemic, foreshadowing a shift that could have a major impact on residential real estate sales and home prices.

NAR reports three months in a row for improved home sales

All four regions in the U.S. experienced year-over-year and month-over-month growth in pending home sales, according to the National Association of Realtors.

Have we hit the bottom on consumer confidence?

A new report anticipates that declining consumer confidence could lead to reduced spending.

Chicago falls behind nation with 0.6% decrease in prices

Luxury home prices listed on Redfin rose 1.2% in early summer, according to a new report.

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