National News

Chicagoland brokers skeptical of Zillow deal

The news that Zillow is purchasing ShowingTime for $500 million sent shockwaves through the residential real estate industry in February. See what Chicagoland readers had to say.

Median home sales price nears record-high

The median sales price in the first month of 2021 was up 11.8% from January 2020 to $285,000, nearly matching the record high of $290,000 set last August.

NAR finds fewer Black Americans own homes than other groups

NAR put together its “Snapshot of Race and Home Buying in America” report to study the hurdles that persistently block minorities from owning homes.

Chicago among the few cities where low-income housing hurts home prices

The study largely dispels a long-held belief that nearby homes lose value once low-income housing is built in an area.

Rate of homebuyers who are outbid doubles

The top reason why long-time searchers have not purchased a home is because 40% say they were outbid.

Guaranteed Rate Super Bowl ad inspires positivity

The ad is part of their national brand campaign, Believe You Will, which encourages the power of positive thinking and believing you can accomplish your goals.

Biden moves to reverse Trump housing policy

The order directs the U.S. Department of Housing and Urban Development to reexamine Trump Administration changes to Obama-era fair housing rules.

DACA members now eligible for FHA loans

CBC Mortgage Agency, a nationally chartered finance agency, applauded the decision, noting in a press release that 85% of individuals in the DACA program are Hispanic and account for over a third of CBCMA borrowers.

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.

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