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The gap between sales and construction reached a record high in 2020, which likely means a slowing down in sales and growth in construction in 2021, according to a year-end report by the National Association of Home Builders.

Want to know which of our stories generated the most interest from Chicago Agent readers in 2020? Click through to find out: How COVID-19 is affecting rents in Chicago Most real estate pros disagree with ‘master bedroom’ name change

Inventory also reached its lowest point in the report’s history, down 31.8% from the same time last year and down 13.3% from October.

The so-called “Old Burris Home” in Lincoln, North Carolina, was originally owned by the owner of Burris Industries (furniture manufacturer) and served as an entertainment hot spot for celebrities such as baseball legend Mickey Mantle.

It’s the oldest log cabin in North America still standing on its original site.

 National Association of Realtors Chief Economist Lawrence Yun called September’s rise in housing starts “welcome news.”

More than half of Redfin listings (54%) experienced bidding wars in November, down only 4 percentage points from the previous month, according to the online broker’s new report.

The Chicago City Council Committee on Housing and Real Estate at its Dec. 15 meeting voted 22-1 to send an ordinance to the full council that would legalize the construction and conversion of basement and coach house apartments in five “pilot areas.”

The flight of homeowners from large urban centers to the suburbs has unexpectedly begun to reshape residential real estate, but luxury property in large cities have also gotten a boost from the hot market.

Lendlease has announced its new development The Reed, a 41-story luxury residential high-rise, as the next phase of its Southbank development in Chicago’s Printers Row neighborhood.

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The Women’s Council of Realtors West Suburban installation of officers for 2021 shifted online for a very different look from the plated dinners and galas of previous years.

Guaranteed Rate’s Ben Cohen has hit a record milestone.

A panel of experts surveyed by the National Association of Realtors predicted that 2021 will bring a post-pandemic economic rebound, while housing prices are expected to climb.

The report noted that the populations of large cities have declined the most during the pandemic.