Trends

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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

Don’t let myths about COVID-19’s impact on real estate steer you off-course

There’s a lot of speculation about how the novel coronavirus will impact your business, but it’s not all accurate. RCLCO Real Estate Advisors debunks the top five myths that real estate pros should be aware of.

6 ways to bounce back better than ever

In a new e-book, national leaders from the brokerage and real estate technology sectors offer tips for making the most of this moment of change.

Parking preferences shifting due to COVID-19?

A new study shows online searches are down for apartments with parking spaces in Chicago. Could that change as public transit ridership dwindles?

Illinois has fourth highest number of zombie foreclosures in the nation

A new ATTOM report reveals that zombie foreclosures declined in the second quarter of 2020, likely a result of the temporary foreclosure moratorium on federally backed loans.

Photo: Kaboompics.com from Pexels
How tech can help Chicago’s real estate market bounce back from COVID-19

A new study looks at how well networked certain regions of the country are — as well as how ingrained technology is in their local economies — to predict how the rebound will go locally. Find out how Chicago ranks.

Rent increases down in Chicago in April

A new report that rent is still rising, but by much less in most cities, as a result of the COVID-19 crisis.

A Chicago Agent magazine survey: Real estate and gentrification in Chicago

Our survey asks agents what they think of gentrification.

Hispanic homeownership reached historic highs before COVID-19. What now?

During a pandemic that appears to be impacting the Latino community disproportionately hard, will the singular gains of this community be sustained?

Unprecedented times create extraordinary demands

The coronavirus pandemic is changing how people think about housing, technology and location, three elements that are critical to the real estate industry. Find out what four experts see on the horizon.

Redfin: Housing shortage prompts bidding wars

Good news for sellers: Homes on the market under $1 million are receiving multiple offers in desirable cities.

Redfin: Over half of big-city dwellers working from home want out

More than half of those working remotely said they would leave the city if they didn’t have to go into an office.

NAR survey: Buyers want home offices, yards and larger residences

The weekly flash survey by the National Association of Realtors shows that buyers are looking for different features post-COVID-19.

Lifestyle adjustments from COVID-19 will change homebuyer preferences

NAR’s vice president of demographics and behavioral insights says rising preference away from metro areas could be a boon to smaller cities.

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