National News

National and local housing resources for LGBTQ+ youth

One organization working to combat LGBTQ+ youth housing insecurity in Chicago is The Night Ministry.

Why the current market is toughest on first-time buyers

Price hikes are slowing down and inventory is up — generally — but less expensive homes are bucking larger market trends. According to Zillow, the price of bottom-tier homes increased 8% year over year, while bottom-tier inventory increased just 1%.

The new American luxury home, according to the National Association of Home Builders

According to the NAHB, The New American Home® represents the latest in luxury real estate. It was unveiled at their recent tradeshow.

Guaranteed Rate launches new reverse mortgage training for loan officers

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

Mortgage rates decline for fourth consecutive week

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

Multigenerational homebuying and mortgage-readiness fueling Latino homeownership rates

“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.”

Jennifer Wauhob named NAR’s 2023 vice president of association affairs

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

High mortgage rates make million-dollar homes less common

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.

Marki Lemons Ryhal to host NAR podcast: ‘Drive With NAR’

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.

Court sides with National Association of Realtors, halts antitrust investigation 

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

NAR tips to comply with the Fair Housing Act

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.

Anywhere Real Estate Inc. cuts workforce, ends iBuyer operation

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

The top 10 Agent Snapshots from 2022

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 breaks ground on new Naperville office

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.

Home values rise 25% above what’s affordable

Chicago home values have also rose above affordability norms.

NAR: High mortgage rates bring third monthly decline in pending-home sales 

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. 

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