Trends

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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.

Chicago high-end listings come roaring back in June

Zillow: Now could be a good time to trade up on luxury homes.

In Chicago, a new kitchen adds nearly $13,000 in value

A new report reveals the improvements that homeowners and renters say add the most to the overall price of a home.

Person changing compact-fluorescent (CFL) bulbs with new bulb.
Which green products are most important to buyers and homeowners?

While solar panels may be the poster child of green homes, builders and remodelers have some interesting feedback to share about what consumers really want.

Chicago real estate recovery headed in the right direction

“Markets with stronger job creation pre-COVID are proving to have the crucial edge for real estate activity, particularly those with a strong technology sector.” — Javier Vivas, director of economic research for Realtor.com

Chicago defies national trend with May increase in active inventory

Although the single-digit decline from the previous month nationally is good news, home sales still lagged May of 2019 by 33.7%.

Redfin: Bidding wars up in May in Chicago

Bidding wars are beginning to return in Chicago, according to a new report.

Chicago home flipping fetches among highest returns in the nation

Nationwide, home flippers saw a 36.7% return on their investment in the first quarter of 2020.

Three-quarters of homebuyers and renters change plans due to COVID-19

The survey of 1,500 adults also shows that the inability to tour properties in-person because of COVID-19, was the most common reason (42%) respondents chose not to move.

As a result of COVID-19 pressures, Chicago renters are going … smaller?

A new analysis from a local real estate brokerage that focuses its business on rentals uncovers some surprising trends in renting.

Homebuying pushed further out of reach for millennials

“Homeownership has already been delayed for many millennials and the coronavirus could push the timetable even further out for some.” — Danielle Hale, chief economist, realtor.com

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