National News

Pricing premium sagging for Trump-branded condos in Chicago, other locales

A Redfin analysis found that the Trump name no longer commands the same price premium it once did.

Homeowners in blue counties headed to red, swing counties

Redfin looked at the number of prospective homebuyers searching in the second quarter who wanted to change counties. Home search data revealed that 6.5% fewer people were looking for homes in blue (Democratic) counties than in swing or red (Republican) counties.

Chicago homebuyers faced higher prices, lower inventory in September

This year, buyers encountered a 21% decrease in listings from the beginning of 2020, along with a 17% price increase to about $20,000 more than anticipated.

Construction employment up in latest jobs report, though still below pre-pandemic levels

The U.S. economy has recovered approximately half of the 22 million jobs lost during the height of the pandemic, according to the Labor Department.

NAR helps secure federal funds for transportation, flooding

It was a hard-fought effort to procure federal funds in the middle of a recession, but NAR announced that the president is poised to sign a bill that provides money for road projects and flooding.

@properties rolls out national franchise program

The Chicagoland brokerage is taking it to the next level by going national.

Is private equity-backed real estate tech a game changer?

Venture capital and lead generation — what does one thing have to do with the other? A lot, for real estate tech firm Propertybase.

Who’s doing better in home sales, liberals or conservatives?

A new report by Redfin shows counties of both political stripes are benefitting from a booming real estate market. See how the numbers break down.

Civil rights group sues to halt CDC eviction moratorium

The lawsuit also argues that the feds are commandeering state courts and officers to implement an unconstitutional federal law.

NAR to White House: What about the landlords?

National Association of Realtors President Vince Malta met with White House officials yesterday to press for emergency rental assistance to go directly to landlords whose tenants cannot pay their rent.

Mortgage applications down slightly as some consumers wait for another rate drop

A new report from the Mortgage Bankers Association shows a slight drop in mortgage application volume amid expectations of further mortgage rate reductions.

iBuyer activity down 88% in Q2

The biggest players in the iBuyer market closed up shop at the beginning of the pandemic, and a new report shows the numbers.

New report highlights down payment programs to assist first-time buyers

More than 2,000 down payment and closing cost assistance programs are available to help eligible buyers, according to the latest 2020 Homeownership Program Index.

Unemployment down in August, but long-term damage continues

The U.S. economy added 1.4 million new jobs in August, but one economist warns that permanent job losses are a bigger problem.

A young, serious African American woman sitting in a boardroom across the table from a young businessman. They are both wearing business suits and the man is looking at the woman and typing on a digital tablet. She is in focus and may be answering questions for a job interview.
Gender pay gap in commercial real estate grows to ‘staggering’ levels

This year’s release of the CREW Network’s benchmark study shows some backsliding in the industry, though there were a few bright spots as well.

CDC imposes eviction moratorium through 2020

Real estate industry associations oppose the decision and are calling on Congress to provide rental assistance to housing providers.

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