National News

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.

Amid rate cut, housing’s contribution to GDP remains strong

The Fed cuts interest rates while a Commerce Department report notes recent economic growth was driven in part by the real estate sector.

Midwest sees a bump in pending home sales

NAR economist urges developers to consider converting vacant office space, shopping malls to condos to relieve housing shortage.

How to stay relevant in the age of iBuyers

While iBuyers aren’t really active in Chicago yet, other markets are seeing a vastly different picture. That’s why the session on iBuyers was one of the most highly anticipated panels at the Accelerate Summit event put on earlier this month by our sister publication, Houston Agent magazine.

Home sales dip, while Midwest prices jump 7.2 percent from last year

NAR chief economist: Housing shortage is stunting potential growth.

Construction ramping up, but not enough to meet demand

Housing rebound continues, says the National Association of Home Builders, but it depends on where you live.

Partner Content
New Leadership at the Helm of Berkshire Hathaway HomeServices KoenigRubloff Realty Group Accelerates Agent Growth and Opportunities

New leadership at the helm of Berkshire Hathaway HomeServices KoenigRubloff Realty Group accelerates agent growth and opportunities.

Return of spot loans could reinvigorate condo market

HUD has loosened its rules regarding FHA loans for condos. Learn what that means for your clients.

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