National News

Best year for new-home sales since before the recession, says NAHB

Low interest rates and low unemployment continue to boost the market into 2020.

All the single ladies . . . are outpacing men in homeownership

A new study by Lending Tree shows that single women own almost 14 percent of homes in Chicago.

Single-family rents across the U.S. up slightly, as homeownership rates increase

Low-end rentals are propping up national rent growth, according to CoreLogic.

Back to the future: What experts got right — and wrong — about mortgage rates

While most of the predictions about interest rates in 2019 were off by a long shot, one crucial element of the housing market in 2020 remains true: The cost of borrowing is very low, by both modern and historic measures.

What else is new? Loan limits increase for Fannie, Freddie and FHA

It stands to reason that, as home prices rise faster than income, buyers are going to need larger loan amounts. And for the fourth straight year, the Federal Housing Finance Agency has increased the conforming loan limits for Fannie Mae, Freddie Mac and Federal Housing Administration loans.

Why what’s in the GSE bank matters

While there’s no guarantee that Congress or the administration will tackle GSE reform in 2020, the FHFA did announce that it will re-propose regulations on capital requirements for Fannie Mae and Freddie Mac sometime in the next year as a clear move toward the end of conservatorship.

U.S. homebuilding surges to 13-year high

Coming off of the government’s numbers for December, economists predict the home building industry is on track for recovery in 2020.

How housing shortages impact job growth in Chicago

A new report by the National Association of Realtors ranks fast-growing cities in terms of the interplay between housing affordability and job growth.

Working with investors? Here’s the number crunch in Chicago

A new report estimates the potential profits and costs of being a landlord in cities across U.S.

Freddie Mac projects healthy outlook for Chicago multifamily market in 2020

Rent growth to continue as new supply is absorbed.

Positive jobs report tempered by two concerns

Jobs are up, unemployment is steady, but wages barely budged and construction job growth was weak.

How’s the market? Depends on who — and where — you ask

Is it a good time to buy? Good time to sell? What’s happening with the economy? The answers to these questions change in relation to how much money you earn, where you live and how old you are.

Why Americans are determined to purchase, despite rising prices

More good news for the 2020 housing market: Year-over-year, Fannie Mae’s Home Purchase Sentiment Index was up 8.2 points in December.

Home prices are rising across the country, but in Chicago, the market is deemed stable

The CoreLogic HPI Forecast indicates U.S. price index will reach 5.3 percent by November 2020.

Pending home sales bounce back, though activity is dampened in the Midwest

After a slowdown in October, contract signings were up 1.2 percent in November, according to the National Association of Realtors.

Home sales up in the Midwest but down in Illinois

The latest numbers from Realtor associations at the local, state and national level reveal a “choppy” picture, but one key factor is the same in pretty much every market you look at.

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