National News

NAR Generational Trends Report: Millennials fall back while Gen Z doubles its market share

NAR’s annual Home Buyers and Sellers Generational Trends Report reveals that millennials are losing their market share — fast — while baby boomers and Gen Z make new gains.

Pace of annual home-price gains slows again in latest Case-Shiller; Chicago sees 4.8% increase

In Chicago, home prices rose 4.8% year over year and dipped 0.5% month over month.

New-home sales rise 1.1% in February as median-sales price surges

The supply of new homes for sale ticked lower from February, according to government figures.

NAR: Existing-home sales jump in February, ending a year of declines

The annual rate of 4.58 million sales was up 14.5% from January but down 22.6% from the February 2022 rate of 5.92 million. 

Realtor.com: Week of March 26 is best time to list in Chicago

Nationally, the week of April 16-22 is likely to provide sellers with the most favorable conditions for a successful sale of any week of the year, although the exact timing varies widely by market. 

How sellers can — and should — improve curb appeal

The vast majority of Realtors — 92% — suggest that sellers improve the “curb appeal” of a home before listing. But how exactly should they go about that?

Housing starts post major gains in February

A shortage of existing-home inventory is driving more people to the market for newly built homes. 

Builder confidence rises again in March

Homebuilders expressed “cautious optimism” that the lack of existing inventory would drive demand for new homes despite high construction costs and interest rates, the National Association of Home Builders reported.    

MBA: Mortgage applications rise 7.4% despite increased rates

The Mortgage Bankers Association noted the increase in borrowing activity came despite the 30-year fixed mortgage rate climbing to its highest level since November 2022. 

Chicago home-price growth among nation’s highest in new CoreLogic report

In January, home prices were up 5.5% annually and down 0.2% monthly, CoreLogic reported, citing its monthly Home Price Insights report. 

What history tells us about today’s interest rates

Keeping things in historical perspective can be tough when mortgage rates have roughly doubled in the last year. Mike Del Preto, a senior mortgage advisor at Fairway Independent Mortgage Corporation, helps provide a closer look at the numbers.

The racial gap in homeownership rates endures 55 years after the Fair Housing Act

Nearly 55 years after the Fair Housing Act was signed into law, Black homeownership still lags behind white homeownership.

Agent impressions of the real estate market improve slightly, survey shows

The Confidence Index Survey by the National Association of REALTORS® uses numbers to reflect the real estate vibe on the street.

Four common regrets from first-time home sellers

Many feel they could have made a higher profit if they’d made better decisions. But are those regrets valid?

Pace of annual home-price gains slows in latest Case-Shiller; Chicago sees 5.9% increase

The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 5.8% year-over-year in December, compared to a 7.6% gain in November.

NAR: Pending-home sales jump in January

The 8.1% month-over-month increase in the National Association of REALTORS® Pending Home Sales Index was the largest gain since June 2020. 

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