National News

Optimism down after a hitting historic highs

While Fannie Mae’s index measuring consumer sentiment is lower than last month, the survey still clocked year-over-year gains.

Home sales poised for a rebound

Although all regions saw a boost in pending sales, the biggest increases were in the West, according to NAR’s index.

U.S. home prices grow for first time in 15 months

A 15-month run of decreasing year-over-year gains in U.S. home prices ended in July, according to the S&P CoreLogic Case-Shiller National Home Price Index. However, price growth in Chicago and other major cities was less robust than the national picture.

Americans more optimistic about housing than the economy

A new survey of consumer sentiment finds a majority both buyers and sellers feel like now is a good time to jump into the market.

Existing-home sales up nationally but down in Illinois

NAR reported positive numbers for existing home sales in August, but Chicagoland and the state didn’t record as good of a year, when looking at the most recent data.

Fed cuts interest rates again

With the quarter percentage point cut, chairman Jerome Powell seeks to stave off a recession.

Soon-to-be Coldwell Banker CEO Ryan Gorman addresses attendees at the company's 2019 Leadership Summit.
Coldwell Banker CEO to managing brokers: We must evolve or die

At the brokerage’s leadership summit in Chicago, company leaders Charlie Young and Ryan Gorman both spoke frankly about the challenges facing the 113-year-old brand, from Compass and Keller Williams to restructuring and rebranding efforts.

Realogy announces restructuring as CEO denies Compass rumors

Realogy announced that it will embark on a process of “strategic organizational changes” at the same time that its CEO sent an email to employees countering claims that the company had been in discussions for a sale to Compass.

Trump administration walks fine line with Fannie and Freddie reform plan

The long-anticipated vision of the future of Fannie Mae and Freddie Mac provides the public with the first concrete roadmap for returning the two firms to full private ownership.

Homeowners say buying ‘made them a better person’

Over three-fourths of survey respondents reported that being a homeowner has “made them a better person,” with about the same proportion saying that they’ve taken up new hobbies since closing on a home, like gardening, grilling and interior design.

Ending a hot decade, apartment construction dips in 2019

New national data on apartment construction shows activity slowing down in a lot of markets, including Chicago. But there are several bright spots that are showing exceptional building activity.

After two strong months, pending home sales slow

After two straight months of nationwide increases, the number of listings under contract by the end of July fell on a monthly basis.

Why slowing home price growth is only part of the picture

The S&P CoreLogic Case-Shiller National Home Price Index shows that home prices scored their 15th consecutive month of slowing year-over-year home-price growth. But there’s more to the story.

Consumer confidence remains strong amid economic unease

The Conference Board’s Consumer Confidence Index for August showed Americans shared broadly strong views of the overall economy and their own financial health near the end of the summer.

Builders finish summer strong but face uncertainty ahead

Economists were expecting new-home sales to finish stronger in July, aided by low mortgage rates that act as an incentive for buyers.

Existing-home sales post year-over-year gain

Home sales activity is picking up this summer, thanks in part to historically low mortgage interest rates, and despite some worrisome signals on the broader economy as of late.

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