Trends

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The boomers are coming: Here’s what’s on their homebuying list

Some builders are saying “OK, boomer: What do you want in a house?” Here are some of the top amenities this demographic may be searching for.

Chicago’s millennials still want to own, but the percentage is shrinking

A generation marked by economic instability and student loan debt is giving up on homeownership, according to a new survey.

Housing starts up nationwide, Midwest still struggles to keep pace

Two percent jump in housing starts nationwide could mean lower chance of recession

The homeownership gap is closing, albeit slowly

Minority homeownership, which plummeted during the Great Recession, is climbing back up.

Midwestern home buyers slightly more optimistic about buying

Still, more than two-thirds of homebuyers believe housing availability getting scarcer.

Buyers increasingly depend on family while sellers rely on agents

The National Association of Realtors’ 2019 Profile of Home Buyers and Sellers reveals that FSBOs are on the decline and that buyers are in need of help when it comes to making home purchases.

Cost burden lifting for Cook County homeowners

Census data shows that while many people in the Chicago area are rent-burdened, the percentage owners pay for housing is actually decreasing.

Renovation return quick guide

Check out our handy outline of the latest numbers from the National Association of Realtors and the National Association of the Remodeling Industry on the cost and return on remodeling projects.

Chicago owners overvalue homes, but inch closer to appraisers’ opinions

Overall, home values made their largest monthly climb in five years, which means homeowners and appraisers are more likely to agree on market price.

Chicago ranks 26th for lifestyle and policy in environmental study

Going into a deal with the right information on the environment can both give you a competitive advantage and help you answer tough questions from concerned consumers.

What are the joys — and potential payback — of remodeling?

They can be time consuming, painstaking endeavors, but in the end, homeowners who undergo home improvement projects – both interior and exterior – are glad they did so in the end. That’s according to a new report from the National Association of Realtors.

Homeowners say buying ‘made them a better person’

Over three-fourths of survey respondents reported that being a homeowner has “made them a better person,” with about the same proportion saying that they’ve taken up new hobbies since closing on a home, like gardening, grilling and interior design.

The most popular interior design trends in Illinois

While good design is something pretty much everyone aspires to, homeowners often choose particular styles that are inspired by what is popular in their part of the world. Find out which aesthetics and choices are most popular in Chicagoland, and see how this varies when compared to what’s popular in other markets.

Economists: Recession likely in 2020 but housing won’t tank

A poll of more than 100 real estate economists and experts finds half of the respondents think a recession will begin in 2020. Learn about their reasons for such assertions and predictions for the housing market overall in the next few years.

How and why your clients undertake remodeling projects

The eighth annual Houzz & Home Study revealed the trends, desires, budgets and challenges of homeowners taking on remodeling projects. These takeaways will help you assist clients who are looking to upgrade their living spaces.

Survey: Working with high-end clients

Find out what Chicago Agent magazine readers who work in the luxury business have to say about their clients, transactions and trends in the market.

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