National News

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.

The solution to the affordability crisis is right in our backyards, says a new report

Relaxed zoning could create millions of new homes in America’s single-family neighborhoods, according to a new report from Zillow.

Is home construction finally making a rebound?

Single-family construction is currently at a post-recession high, indicating future growth ahead.

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.

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