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Real estate news in Atlanta
Peak homebuying season has shifted to the end of summer, according to realtor.com.
The Chicago Association of Realtors also offered ideas for how its members can dismantle racism and inequality in real estate.
RealtyHop asks whether homeownership is affordable for the average family. See how Chicago did.
Chicago Mayor Lori Lightfoot announced more money and a new web portal for those hurt by COVID-19 shutdowns. Plus, the Chicago City Council introduced multiple ordinances that will impact residential sales and leasing in the city.
Zillow reports that homes typically went under contract in two weeks.
The data indicates that next month’s existing-home sales report will likely be much brighter.
It’s still a seller’s market as buyers extend the spring shopping season into summer, according to Realtor.com chief economist Danielle Hale.
Inventory hits a record low in June, according to RE/MAX, which reports that nationwide the supply is now under two months.
Those who jumped into the market in the spring were rewarded, and their success could attract more sellers.
Zillow: Now could be a good time to trade up on luxury homes.
There are a lot of reasons to love the South Side’s real estate market, and Coldwell Banker Realty’s Don Robinson is not shy about saying so.
There are countless small buildings and single-family homes spread across the city that help make Chicago shine in its mix of modern, progressive and vintage architecture.
“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 Realtor.com
The latest numbers from Illinois Realtors show stark declines in activity occurred last month.
An experiment that was expected to last a few weeks has now become a transformational moment for Dream Town Realty.
Although the single-digit decline from the previous month nationally is good news, home sales still lagged May of 2019 by 33.7%.