National News

What the April inventory bump signals for the U.S. housing market

Though the number of active U.S. listings did shrink in April, it fell by the smallest amount — 12.2% — since December 2019, according to a new monthly report from Realtor.com. And the change has left experts feeling confident.

Smaller markets lead the way in Q1 home-price gains; Chicago sees 7.2% rise

Seventy percent of the 185 metros surveyed by the National Association of REALTORS® saw double-digit price gains in the first quarter, compared to 66% in the preceding period. 

A return to normalcy? What higher mortgage rates and more inventory mean for spring

Although rising mortgage rates bring new burdens for potential buyers, inventory is beginning to rebound, the March Zillow Real Estate Market Report reveals. And overall, the first month of spring indicates the return to a more balanced market.

Several Illinois high schools rank among best in the nation — see the full list

The online education resource Niche has released a new national ranking of the best public high schools — and the city of Chicago features heavily on the list.

Mortgage applications fall as rates hit 13-year high

Overall mortgage-application volume was at its lowest level since 2018, the Mortgage Bankers Association said.

New-home sales fall again in March

Low inventory and rising interest rates have reduced prospective homebuyer purchasing power. 

Chicago among most dog-friendly cities in America

Comparing Rover’s extensive database of pet profiles against Zillow’s pet-friendly home rental listings, the companies determined the 20 fastest-growing, dog-friendly cities.

NAR data shows another dip in existing-home sales

Rising interest rates and home prices have taken a toll on would-be homebuyers’ purchasing power, leading to increased inventory and another monthly slowdown in sales. 

Win a pet-sized version of your own home with BHHS Chicago’s Pawfect Home Sweepstakes

The Chicago real estate brokerage is giving people a chance to win a pint-sized, customized replica of their own home, made special for their furry — or not so furry — friend.

Overall new-home construction rises in March despite slowdown in single-family

Single-family home starts declined compared to February, while new apartment construction was up, according to government statistics.

HUD releases first Equity Action Plan

The U.S. Department of Housing and Urban Development has released its first Equity Action Plan, with the goal of narrowing the racial homeownership gap.

Builder confidence falls again as housing market faces ‘inflection point’

Builder sentiment has taken a hit from an unexpectedly sharp increase in mortgage rates and continued disruptions in the supply chain, according to the National Association of Home Builders’ monthly survey. 

Investor homebuying stalled dramatically in Q4 2021: a CoreLogic analysis

Investor activity showed early signs of slowing during Q4 of 2021, down from the historic highs seen in the second and third quarter, CoreLogic’s latest analysis reveals.

Rocket Cos. top-ranked real estate company in Fortune’s 100 Best Companies to Work For

Altogether, eight companies well known to members of the residential real estate community were included in the annual list. 

NAR files SCOTUS brief on floorplan copyright case

The National Association of REALTORS® has filed an amicus brief with the U.S. Supreme Court challenging a recent ruling by the United States Court of Appeals for the Eighth Circuit.

Residential Real Estate Council to provide MoxiWorks HR tools through Broker Solutions

The tools include MoxiEngage, a CRM specifically designed for real estate agents; MoxiPresent, a comparative market-analysis presentation tool; and MoxiHub, a brokerage intranet. 

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