National News

RE/MAX: Home sales up 22%

It was the 5th best month of the year and outperformed most of 2019.

Can agents be terminated for any reason?

The question of ethics is an issue that agents face in both their personal and professional lives. As independent contractors, what rights do agents have in the state of Illinois?

Here are the 10 most powerful people in real estate in 2021

The Swanepoel Power 200 ranks leaders from all sectors of the residential real estate industry based on three months of research and more than 400 hours of analysis.

Guaranteed Rate acquires Stearns Holdings, LLC

Guaranteed Rate has acquired Stearns Holdings, LLC, building on its goal to become the country’s No. 1 mortgage lender

NAHB: Expect more home construction in 2021

The gap between sales and construction reached a record high in 2020, which likely means a slowing down in sales and growth in construction in 2021, according to a year-end report by the National Association of Home Builders.

Housing starts surge in September as builders push to meet demand

 National Association of Realtors Chief Economist Lawrence Yun called September’s rise in housing starts “welcome news.”

NAR summit predicts economic rebound, growth in housing prices in 2021

A panel of experts surveyed by the National Association of Realtors predicted that 2021 will bring a post-pandemic economic rebound, while housing prices are expected to climb.

Job growth pace gets ‘coronavirus correction’

With winter upon us and coronavirus cases exploding, the latest jobs report marks five straight months of declining job growth.

High home prices and low inventory likely to persist in 2021

Homebuyers are likely to face higher prices and a continuing inventory crunch in 2021, First American chief economist Mark Fleming has predicted.

Illinois home sales up 34.9 percent from year before

Illinois home sales were up 34.9 percent from the year before, with statewide median prices increasing as much as 16.5 percent.

Loan limit boost of 7.4% good for Chicago buyers

This means homebuyers will be able to borrow up to the new level without triggering higher interest rates.

NAR reaches agreement with Department of Justice

The complaint, filed by the Department of Justice on Nov. 19, alleges that the organization’s practices and policies are anti-competitive.

Housing market rebound sets stage for 2021

The boost from loosening credit, along with rising house-buying power, equity and household formation, was strong enough to overcome the negative impact on housing market potential from the increase in tenure length so far in 2020, says Chief Economist Mark Fleming.

Housing starts up, but will it last?

A new report has good news for housing construction, but will it hold through next year?

Realogy Franchise Group names new president and CEO

She will oversee the franchise operations of Better Homes and Gardens Real Estate, CENTURY 21 and ERA. Yannaccone also will lead the company’s efforts in the franchise and owned operations of Sotheby’s International Realty and Corcoran.

NAR board OKs hate speech rule

Realtors who use harassing or hate speech could face fines by the National Association of Realtors, according to a proposal approved by the NAR Board of Directors at its 2020 Realtors Conference & Expo.

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