National News

Ashlee Jane Adelman, broker with HomeCo Chicago

“Wear what you feel most confident in that day.”

Will forbearance backfire? What to tell clients about their options

Some homeowners worry that, after a few months of forbearance, they’ll be required to pay everything they owe upfront, in one lump sum.

Pet ownership is growing amid the coronavirus lockdown. Here’s what Realtors need to know

Americans are increasingly choosing to quarantine with new pets. NAR’s new report, Animal House: Pets in the Home Buying and Selling Process, examines the trends and the ways pet ownership will influence homebuying decisions moving forward.

New NAR survey shows relative calm among sellers

Few are dropping prices and many plan to carry on with their home sale. Buyers may be a different story, though.

Second stimulus package adds billions in funding for small businesses

Lawmakers have approved another stimulus package aimed at replenishing the Paycheck Protection Program.

Home sales down in March, but prices holding steady

The latest existing home sales report from the National Association of Realtors shows the impact of COVID-19 on sales numbers but not prices.

Tightening credit expected to impact sales, according to new model

First American Chief Economist Mark Fleming predicts a reduction in spring sales activity and a moderation of price appreciation.

Homebuilder confidence takes a hit, though experts see light at the end of the tunnel

Economists believe home sales can help drive the nation’s economic recovery from COVID-19.

A quarter of Realtors have sold homes sight unseen

A National Association of Realtors survey shows that one in 10 members have either seen their business grow or remain flat under COVID-19.

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.

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