Guaranteed Rate is adding more support systems and training for loan officers to boost its reverse mortgage program.

This was the fourth week in a row of declines, leaving prospective buyers hopeful for sustained low rates throughout spring homebuying season.

“Latinos are more mortgage ready. Latinos have made strides in income and are more educated in the homebuying process,” said Nidia Fromenta Peguero of Century 21 North East in Danvers, Massachusetts. “They don’t want to rent anymore.”

Vice President of Association Affairs Jennifer Wauhob brings over a decade of experience to her new role with NAR.

As rising mortgage rates cool the market, the share of U.S. homes worth at least $1 million has fallen from an all-time high last year.

Chicago real estate legend Marki Lemons Ryhal has been named the new host of the National Association of REALTORS®’ monthly podcast, “Drive with NAR.” The first episode debuts Feb. 6.

The Department of Justice must close its reopened antitrust investigation into the National Association of Realtors, a federal judge ruled this week.

Potential buyers want real information about the communities they’re shopping in. And while agents may feel like experts, their answers must always comply with fair housing laws. To help, the National Association of REALTORS® released some advice.

The firm’s subsidiaries include Century 21, Coldwell Banker, Corcoran Group and Sotheby’s International.

Anyone can apply to be featured in Chicago Agent through our Agent Snapshot feature. Check out which ones gathered the most views in 2022.  

Baird & Warner broke ground on its new Naperville office on Nov. 30. Located at 1528 Aurora Ave. The 155,000-square-foot building will house up to 500 agents upon completion late next year.

Chicago home values have also rose above affordability norms.

The National Association of REALTORS® expects existing-home sales to close 2022 15.2% lower compared to 2021, thanks to economic uncertainty and rising mortgage rates. 

Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before. 

New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.