National News

2021 ends with a bang in new-home sales

Builders started to make headway against supply-chain issues that have hampered construction of homes in the face of high demand. 

@properties rebrands to @properties Christie’s International Real Estate following acquisition

@properties has officially rebranded to become @properties Christie’s International Real Estate. The Chicago-based brokerage acquired the luxury real estate arm of the art auction house in December 2021.

Blackstone unit acquiring four Chicago apartment communities as part of $3.7 billion deal

The properties are part of a 42-community portfolio belonging to Philadelphia-based landlord Resource REIT Inc. 

Price appreciation in new vs. existing homes: CoreLogic investigates

New homes and existing homes are appreciating at similar rates, according to a new report from CoreLogic.

Existing-home sales slide in December while prices continue to climb

“December saw sales retreat, but the pull back was more a sign of supply constraints than an indication of a weakened demand for housing.” — NAR chief economist Lawrence Yun

Rich Honquest joins Proper Rate as a vice president of mortgage lending

Proper Rate, the joint venture by Guaranteed Rate and @properties, has named Rich Honquest as a new vice president of mortgage lending.

The biggest dealbreakers for U.S. homebuyers

Despite fierce competition in the housing market, nationwide, potential homebuyers still have dealbreakers — and they’re revealed in a new study by HomeAdvisor.

Housing starts rise in December on strong multifamily sector

While multifamily starts surged 13.7% compared to November, the pace of new single-family housing construction slid 2.3%, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Michelle L. Feola joins BHHS Chicago and Fort Dearborn Land Title Company as vice president and general counsel

Michelle L. Feola has joined Berkshire Hathaway HomeServices Chicago as vice president and general counsel for both the firm and its affiliated title company, Fort Dearborn Title.

Inflation worries sap builder confidence in January

“While lean existing home inventory and solid buyer demand are supporting the need for new construction, the combination of ongoing increases for building materials, worsening skilled labor shortages and higher mortgage rates point to declines for housing affordability in 2022.” — NAHB Chairman Chuck Fowke

Home Partners of America launches the Choice Lease program for lower income residents

Home Partners of America has launched Choice Lease: a first-of-its-kind program offering below-market rents to qualified applicants.

Redfin to acquire Bay Equity Home Loans

The San Francisco Bay-area mortgage lender is licensed in 42 states.

New kitchen renovation trends: How homeowners are splurging in 2022

The 2022 U.S. Houzz Kitchen Trends Study is out, and the most popular kitchen renovation trend is upgraded countertops.

RE/MAX CEO stepping down in March

Board member Stephen Joyce will serve as interim CEO as the company conducts a search for a permanent replacement.

SP200 ranks the most-powerful people in residential real estate in 2022

The Swanepoel Power 200, or SP 200, annual ranking of the most-powerful and influential leaders in residential real estate has been released.

Homeowners face record supply shortages entering 2022

Despite the record low number of homes for sale, prices and pending sales continue to rise.

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