National News
Prices in the Chicago metro area were up 6.3% over February 2020 with “normal” market condition indicators.
Midwest Real Estate Data has launched connectMLS, which aims to make accessing private listings easier and faster.
How much do you spend on marketing? See how it compares with other Chicagoland agents and brokers in our 2021 Truth About Agents survey.
While pandemic headlines had many leaving cities and moving to the suburbs or looking for additional space in their current home, interest in tiny homes was little remarked upon.
The National Association of Realtors sends a message to members that it is working to ensure that the proposed Protecting the Right to Organize Act will not hurt their status as independent contractors.
Much of the year-over-year increase in home sales was supported by continued robust activity in the Southeast, which saw a 20.2% rise to an annual rate of 458,000 transactions.
The land conservation and farming communities need to come together and let Congress know how vital the like-kind exchange is to the future of our land and that it must continue.
The median price of a home in the U.S. reached its highest point in 13 years last month as inventory continued to fall.
Eighty-eight percent of all homebuyers said they used an agent as a source of information during their search, and 91% of millennials age 22 to 30 said the same.
It is not “first comes love, then comes marriage,” but for many women, “first comes homeownership,” according to First American Chief Economist Odeta Kushi.
Lenders issued $1.06 trillion worth of mortgages in the fourth quarter of 2020 with refis contributing to the boost.
“More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day.” — National Association of Realtors Chief Economist Lawrence Yun
The stimulus bill includes aid for state and local governments, new homeowners, small businesses and renters.
The increase follows a decline earlier in February that cut the number of homeowners in forbearance plans to less than 2.7 million, the first dip below that threshold since April 2020.
If Realtors, lenders and homebuyers are the stars of the real estate show, Fannie and Freddie are the unseen producers who bankroll the production from backstage.
The National Association of Real Estate Brokers has joined the RE/MAX Strategic Alliances program to help grow homeownership among minority groups.