National News

Chicago home sales up 26.4% in September
Chicago home sales up 26.4% in September

“Buyers have begun to take to the city’s outskirts as serious options causing listings to struggle to keep up with demand.” — Mike Opyd, Broker/Owner, RE/MAX NEXT

First American: Homesellers playing ‘musical chairs’
First American: Homesellers playing ‘musical chairs’

Homesellers continued to sell homes to each other in September, making the market resemble a game of ‘housing musical chairs,’ according to First American chief economist Mark Fleming.

New unemployment claims spike, though continuing claims fall
New unemployment claims spike, though continuing claims fall

Economic recovery slumps as initial jobless claims unexpectedly jump.

Pricing premium sagging for Trump-branded condos in Chicago, other locales
Pricing premium sagging for Trump-branded condos in Chicago, other locales

A Redfin analysis found that the Trump name no longer commands the same price premium it once did.

Homeowners in blue counties headed to red, swing counties
Homeowners in blue counties headed to red, swing counties

Redfin looked at the number of prospective homebuyers searching in the second quarter who wanted to change counties. Home search data revealed that 6.5% fewer people were looking for homes in blue (Democratic) counties than in swing or red (Republican) counties.

Chicago homebuyers faced higher prices, lower inventory in September
Chicago homebuyers faced higher prices, lower inventory in September

This year, buyers encountered a 21% decrease in listings from the beginning of 2020, along with a 17% price increase to about $20,000 more than anticipated.

Construction employment up in latest jobs report, though still below pre-pandemic levels
Construction employment up in latest jobs report, though still below pre-pandemic levels

The U.S. economy has recovered approximately half of the 22 million jobs lost during the height of the pandemic, according to the Labor Department.

NAR helps secure federal funds for transportation, flooding
NAR helps secure federal funds for transportation, flooding

It was a hard-fought effort to procure federal funds in the middle of a recession, but NAR announced that the president is poised to sign a bill that provides money for road projects and flooding.

@properties rolls out national franchise program
@properties rolls out national franchise program

The Chicagoland brokerage is taking it to the next level by going national.

Is private equity-backed real estate tech a game changer?
Is private equity-backed real estate tech a game changer?

Venture capital and lead generation — what does one thing have to do with the other? A lot, for real estate tech firm Propertybase.

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