The average American home buyer is 45 years old, married or partnered, college-educated and likely to purchase a home located in the South, according to Zillow’s 2021 Consumer Housing Trends Report.  Individuals ages 30-39 make up the largest population

A new study by Illinois REALTORS® highlights how race contributes to loan rejections.

As more house hunters are opting to live in socially, racially and culturally diverse communities, developers are formulating strategies to list more inclusive properties on the market, according to a report by The Wall Street Journal.  Developers’ strategies include

Boston and Raleigh had the highest bidding-war rates, as the rate fell to a 2021 low.

Home-price gains were once again broadly distributed, as all 20 cities in the S&P CoreLogic Case-Shiller Home Price Index rose, although in most cases at a slower rate than a month ago.

The month also saw a slight shift in inventory, even though shortages continued.

The Windy City wasn’t the only Illinois community on the 2021 list. Rockford, as well as the the Quad Cities area of Iowa and Illinois also made the rankings.

Three brokers from Berkshire Hathaway HomeServices Chicago have recently taken part in record-breaking local transactions, representing the buyers.

The price for attached homes is on the rise, according to new statistics from the Mainstreet Organization of REALTORS®.

The decrease was driven by a 5.1% month-over-month slide in the rate of multifamily starts, while single-family construction was flat.

Lack of inventory continues to restrict home sales as fewer homes sold in September, and closed home sales dropped.

The number of closed sales fell 12.5% month over month, while active inventory slid 2.5% to 37,646. Median sales prices dropped 3%, but that’s still up 5.8% from September 2020. 

@properties Development Group, along with the Chicago-based developer Focus, has announced that condominiums at Kelmscott Park are officially sold out.

As remote work becomes the new norm for many homeowners, real estate professionals are encouraging clients to consider implementing insurance-based smart home technology into their homes. 

The federal government can play a big role in helping to further improve assessments by releasing data from the Uniform Appraisal Database used by Fannie Mae and Freddie Mac in determining which loans to back.

JK Equities has announced that closings have begun at 1400 Monroe: a seven-story boutique condominium in Chicago’s West Loop.