Trends

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Unemployment drops again, but long road to recovery remains

Nearly two million jobs were restored in July, as the economy struggles to return to pre-pandemic levels.

Chicago has higher millennial homeownership rate than national average

Report finds lower cost of living, higher median earnings compared to national average.

Consumers remain optimistic even as population declines in the Midwest

A survey conducted by Meyers Research shows that homebuyer confidence has actually increased during the pandemic; what’s changed is where people want to live.

Chicago’s CRE community is worried, but residential real estate offers two bright spots

A new report from The Real Estate Center at DePaul University checks in on how the industry and Chicago’s economy are doing halfway through a challenging year.

Chicago ranked 29th most expensive city for housing

RealtyHop asks whether homeownership is affordable for the average family. See how Chicago did.

Two months in a row for improved pending home sales

Contract activity up over last year “remarkable,” according to NAR chief economist.

Newly pending sales in Chicago up 14.9% in mid-July

Zillow reports that homes typically went under contract in two weeks.

The new pandemic escapism is online home shopping

Now might be a good time for brokers to make sure their online assets are in order, according to a new report from Today.

NAR: Existing-home sales bounce back in June

See how the Midwest did last month compared to the rest of the nation.

Realtor.com: Chicago housing recovery continues

It’s still a seller’s market as buyers extend the spring shopping season into summer, according to Realtor.com chief economist Danielle Hale.

As states reopen, Chicago home sales jump in June

Inventory hits a record low in June, according to RE/MAX, which reports that nationwide the supply is now under two months.

Feeling confident again, builders race to meet demand

Housing starts are up and builders are building again, but is it enough to address pent-up demand for homes as Americans flee to the suburbs?

Zillow: Strong home prices could be cooling

Those who jumped into the market in the spring were rewarded, and their success could attract more sellers.

Illinois sees lower rates of manufactured housing than rest of U.S.

While prefabricated homes are six times less expensive than the average site-built home, trends in factory-built housing have always been volatile.

It’s a seller’s market, according to HomeLight report

Nearly half of all agents reported that their business was growing in June.

Is real estate recovering? Most Realtors say yes

Nearly a third of NAR members told the association they’re prepared for a second wave of the novel coronavirus.

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