Summer means umbrellas in your cocktails, frosé and parties! So, before summer ends, it’s time to celebrate.

“Contract signings to buy a home will keep tumbling down as long as mortgage rates keep climbing, as has happened this year to date.” — National Association of Realtors chief economist Lawrence Yun  

At the same time, the inventory of new homes for sale rose 10.7%, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.

The pace of new multifamily construction, however, jumped, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

At the same time, the median existing-home price rose 13.4% year over year to $416,000. 

Nationwide, sales hit their highest level of the year, rising 4.7% from June but falling 17.6% on a year-over-year basis, RE/MAX said. 

July saw the NAHB/Wells Fargo Housing Market Index post its second-largest monthly drop ever, as worries about housing affordability dampened builder sentiment. 

In honor of Embrace Your Geekness Day — July 13, apparently — Lawn Love has compiled a list of the geekiest cities in the U.S. Chicago ranks at No. 7.

According to the annual survey, the typical Realtor saw their transaction sides rise from 10 to 12 and their sales volume increase from $2.1 million to $2.6 million. 

The residential-brokerage franchisor announced a host of company-wide steps it is taking to grow its business. 

As the Highland Park community, along with the rest of the nation, mourns the tragic event that took place at the Fourth of July, Realtors are mobilizing to help support victims and their families. 

A new report from ShowingTime reveals a continued drop in home showings nationwide: During May, buyer traffic decreased 18.2% year over year.

Prices for single-family homes in Chicago increased by 11.1% year over year in May, up from 10.7% month over month in April.

Realor.com has compiled a list of the 10 markets where homes are lingering the longest — giving buyers a rare edge.

The number of homes available to buyers climbed 18.7% in June, the sharpest year-over-year increase in the history of the report.

What does the latest S&P CoreLogic Case-Shiller Index show about Chicago real estate?