News / Features

Unemployment fell in June, but coronavirus setbacks in some states may slow rebound
Unemployment fell in June, but coronavirus setbacks in some states may slow rebound

The Bureau of Labor Statistics reports a drop in unemployment claims in June, as the country added nearly five million jobs. But economists warn a rebound in coronavirus cases could result in another labor

More COVID-19 fallout: declining affordability
More COVID-19 fallout: declining affordability

If household income growth slows and house prices continue to rise, even today’s record-low mortgage rates may not keep homes in an affordable range, according to a new

Mabél Guzmán switches brokerages, Illinois Realtors brings on new VP and more
Mabél Guzmán switches brokerages, Illinois Realtors brings on new VP and more

Coldwell Banker snags a big name, the statewide association announces its replacement for Jon Broadbooks, and two mortgage companies bring on execs to lead the way on new initiatives.

New construction sales rose 16.6% in May amid improving builder sentiment
New construction sales rose 16.6% in May amid improving builder sentiment

Despite record-breaking unemployment, sales of newly built single-family homes rose in May, as builders rushed to meet pent-up demand and flight to

Chicago real estate recovery headed in the right direction
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

Sales fell again in May; strong rebound around the corner, says NAR
Sales fell again in May; strong rebound around the corner, says NAR

While existing-home sales were down again, the National Association of Realtors predicts a post-lockdown boom that will surpass 2019 sales

Call it the coronavirus effect: Young adults are moving back home
Call it the coronavirus effect: Young adults are moving back home

Roughly 2.7 million U.S. adults moved in with a parent or grandparent in March and April as the coronavirus pandemic spread, potentially costing landlords hundreds of millions of dollars in monthly rent payments and casting doubt on the future of

Suburban single-family homes offer bright spot in latest numbers
Suburban single-family homes offer bright spot in latest numbers

The latest numbers from Illinois Realtors show stark declines in activity occurred last month.

Real estate unplugged: Growing closer through social distancing
Real estate unplugged: Growing closer through social distancing

An experiment that was expected to last a few weeks has now become a transformational moment for Dream Town

Hill Country architect’s delight
Hill Country architect’s delight

The home will dazzle residents and visitors alike with unique details such as its kitchen wall made of lichen-speckled tree bark and kitchen island topped with white macaubas

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