National News

Certain segments of rental market likely to slow down in the short term

A new report points to a softening of rents in Class A properties. Whether that will extend to the rest of the rental market depends on how long the economic crisis continues.

NAR survey shows agents expect post-pandemic market rebound

Agents are bracing for a spring slowdown, but hopeful for post-coronavirus recovery, says NAR.

A disruptor, disrupted: Redfin announces furlough of nearly half its agents

Redfin announced a massive staff layoff in a U.S. Securities and Exchange Commission filing yesterday.

Government-backed loan program is just the beginning

Small business owners could help keep their businesses running through a combination of Paycheck Protection Program loans and private loans.

Residential construction a bright spot in dire jobs report

The extreme spike in job losses in March are largely in the leisure and hospitality sectors, and keeping those workers afloat could be key to a robust recovery, according to economists.

A disaster with no playbook: Experts seek to make sense of a COVID-19 recession

Chicago Agent magazine is participating in weekly housing market webinars, led by Meyers Research Chief Economist Ali Wolf, to keep you informed about what’s happening with the economy and the real estate market in real time.

During coronavirus shutdown, real estate is deemed an ‘essential business’

Is real estate work considered essential? While agents still have to adhere to local and state guidelines, a new federal report offers official recommendations.

NAR chief optimistic on home sales rebounding

February was another good month for pending home sales across the nation, but the coronavirus will put that all on hold.

Buyers pull back early; sellers, not so much

A national survey of real estate agents digs into how clients are reacting to the coronavirus outbreak, how home values will be impacted, and the likelihood that we’ve entered a recession.

House approves $2 trillion coronavirus relief package

Congress has passed the biggest economic stimulus in American history. Here’s what it means for real estate professionals.

Homebuying was getting easier in early 2020, but all bets are off with COVID-19

ATTOM Data Solutions report has encouraging news on the affordability gap, but the coronavirus outbreak poses a potential setback.

COVID-19 and the housing market: Your weekly update

Chicago Agent is participating in weekly housing market webinars, led by Meyers Research Chief Economist Ali Wolf, to keep you informed about what’s happening with the economy and the real estate market in real time. Here’s the latest information.

NAHB to members: Send your masks to healthcare workers

The respirator masks that are ubiquitous in the construction industry could play a big role in the fight against COVID-19.

Bye for now, iBuyer

iBuyers are going into coronavirus lockdown. Will they emerge the victor when the dust settles, or is the virus exposing their inherent weaknesses?

NAR letter promises more support to Realtors during COVID-19 crisis

The COVID-19 outbreak has the association working overtime to bring relief and timely updates for real estate professionals.

What will recession relief look like for real estate industry?

The government began taking measures to mitigate the effects of the COVID-19 pandemic on small businesses this week. Here’s an initial look at how to access funds and support.

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