National News

Marki Lemons Ryhal to host NAR podcast: ‘Drive With NAR’

Chicago real estate legend Marki Lemons Ryhal has been named the new host of the National Association of REALTORS®’ monthly podcast, “Drive with NAR.” The first episode debuts Feb. 6.

Court sides with National Association of Realtors, halts antitrust investigation 

The Department of Justice must close its reopened antitrust investigation into the National Association of Realtors, a federal judge ruled this week.

NAR tips to comply with the Fair Housing Act

Potential buyers want real information about the communities they’re shopping in. And while agents may feel like experts, their answers must always comply with fair housing laws. To help, the National Association of REALTORS® released some advice.

Anywhere Real Estate Inc. cuts workforce, ends iBuyer operation

The firm’s subsidiaries include Century 21, Coldwell Banker, Corcoran Group and Sotheby’s International.

The top 10 Agent Snapshots from 2022

Anyone can apply to be featured in Chicago Agent through our Agent Snapshot feature. Check out which ones gathered the most views in 2022.  

Baird & Warner breaks ground on new Naperville office

Baird & Warner broke ground on its new Naperville office on Nov. 30. Located at 1528 Aurora Ave. The 155,000-square-foot building will house up to 500 agents upon completion late next year.

Home values rise 25% above what’s affordable

Chicago home values have also rose above affordability norms.

NAR: High mortgage rates bring third monthly decline in pending-home sales 

The National Association of REALTORS® expects existing-home sales to close 2022 15.2% lower compared to 2021, thanks to economic uncertainty and rising mortgage rates. 

New-home sales post unexpected rebound in August 

Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

NAR: Existing-home sales fell in August while prices rose 

The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before. 

Housing starts surprise to the upside in August 

New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.  

Builder confidence falls for ninth consecutive month 

A continuing combination of increased interest rates, supply-chain disruptions and high home prices has sapped homebuilder sentiment every month this year. 

Christie’s International Real Estate expands to Naples, Fla.

Christie’s International Real Estate making coastal moves. Following recent expansion to Newport, R.I., the brokerage is coming to Naples.

30-year fixed tops 6% for first time since 2008 in latest MBA survey 

Mortgage applications declined 1.2% during the week ended Sept. 9, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. 

Pending home sales decline for second consecutive month in July 

The modest 1% decline could indicate the current housing cycle is reaching a bottom as mortgage rates recede from their recent high, the National Association of REALTORS® said. 

New-home sales plunge 12.6% in July 

The median price of a new home sold during the month was up 5.9%, however, according to figures from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

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