Trends

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Navigating generational homebuying and selling trends in 2020

NAR’s 2020 Generational Trends Report shows that young millennials and the silent generation value similar things when buying homes.

Midwest shows significant year-over-year growth in showing activity

ShowingTime’s index points to growing demand for listings in the Midwest, signaling a competitive spring housing market is in the works.

Illinois has 2nd highest property tax rate in the nation

We knew property taxes were high, but a new study shows how our state compares to the rest of the nation on this important homebuyer metric.

Local trends to watch for in the coming decade, according to @properties

Thad Wong and Mike Golden discuss the state of the market, up-and-coming towns and neighborhoods in Chicagoland, and what agents should look for in the coming decade in a recent webinar.

What Chicagoland’s high-end homebuyers want

Though the luxury market has seen a bit of a slowdown in the Chicago metro area, Coldwell Banker’s annual Global Luxury Report offers insight into shifting priorities and design trends.

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NAACP and NAREB announce partnership to increase black homeownership

The two organizations joined together to provide members the resources and tools that will help more African Americans purchase homes.

The commute factor: Why it’s become the ultimate deal breaker for buyers

Here’s why commutes matter more, even though we’re commuting less than ever.

Chicago makes 10 most walkable cities list

A new report by Redfin ranks large U.S. cities by walkability. Chicagoland made the list, despite a small drop in its Walk Score.

Zumper: Rents up in Chicago

Rents up slightly nationwide in February. Find out where Chicago ranked.

What features should you highlight in your listing? Study says look outside

It turns out back porches and decks are key must-haves for house hunters. Find out how buyer wants and needs break down by generation.

Homes, neighborhoods draw more people to Chicagoland than jobs

While the pursuit of new or better employment prospects normally motivates people to take on a long-distance move, recent data suggests that Americans may now be more inclined to relocate for housing related reasons.

Redfin lists the hottest neighborhoods in Chicago

Affordability is a big driver in the country’s hottest real estate markets, according to Redfin. See how Chicagoland did.

Rents are rising in Chicagoland. Here’s how tenant reps can help

Recent data shows costs to rent an apartment are rising all across the Midwest. But there are a few ways you can help your clients find the right fit for their budget.

Despite uncertainty, strong hiring buoys multifamily investment in Chicago

While both international and local headwinds are making some nervous, Marcus & Millichap’s 2020 outlook touts strengths in Chicagoland and in the sector overall.

How to sound smarter next time you’re asked about recession risk

The Chicago Fed’s senior economist breaks down some of the more common misconceptions about the chance of recession in 2020 and offers thoughts on how real estate pros can be better consumers of economic data.

Kitchen renovations surge, but so do prices

As your clients look ahead to possibly listing in spring, make sure you understand what’s causing remodeling costs to increase so rapidly and how homeowners are adjusting in response.

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