National News

Coldwell Banker’s Ryan Gorman on meeting the challenge of change

Coldwell Banker’s incoming CEO Ryan Gorman talks about what to expect in 2020, both from the market and the company.

NAR predicts slower price gains in 2020

The association brought together a group of economists to provide a forecast of the market, and the consensus is that housing construction shortages will continue into next year.

3 trends that millennials will bring to the market in 2020

In its predictions for 2020, Zillow revealed a few ways in which Gen Y might impact housing in the near future.

Chicago ranked 6th among 50 most sustainable cities

Chicago earns a top spot in this new ranking thanks to its walkability and access to transportation, as well as its growth in LEED-certified buildings.

Record-breaking employment figures offer positive picture for 2020

It’s been decades since the unemployment rate was this low. Find out how that might affect real estate.

Loan limit increase good news for Chicago homebuyers

Fannie Mae and Freddie Mac loan limits will be raised to more than half a million dollars.

Chicagoland home prices up in September, though far below national trend

The rebound could mean an accelerating market nationwide.

Chicago’s millennials still want to own, but the percentage is shrinking

A generation marked by economic instability and student loan debt is giving up on homeownership, according to a new survey.

Rent is on the rise — find out why

The latest analysis from CoreLogic shows that Chicago renters are paying an average of 2.2 percent more in rent this year over last.

Housing starts up nationwide, Midwest still struggles to keep pace

Two percent jump in housing starts nationwide could mean lower chance of recession

The homeownership gap is closing, albeit slowly

Minority homeownership, which plummeted during the Great Recession, is climbing back up.

First American: ‘If you build it, they will buy it’

Housing starts make progress in September, showing signs of more inventory on the way.

Buyers increasingly depend on family while sellers rely on agents

The National Association of Realtors’ 2019 Profile of Home Buyers and Sellers reveals that FSBOs are on the decline and that buyers are in need of help when it comes to making home purchases.

Affordability tug of war between prices and interest rates

For now, low borrowing costs are keeping pace with rising prices. But how long can this last?

Harvard report projects vibrant housing market, provided construction ramps up

The Joint Center for Housing Studies’ State of the Nation’s Housing report stresses the need for more inventory.

Latest jobs report beats expectations

After the October jobs report showed unexpected labor market strength, experts believe the Fed will be unlikely to plan further rate cuts.

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