News / Features

NAR, NAHB shift 2020 lobbying efforts in response to COVID-19

The National Association of Realtors and the National Association of Home Builders are both backing candidates for congressional seats across the country and advocating for issues such as ramping up production of affordable housing and reversing widespread unemployment.

Sales surge in suburbia, but city remains flat

The most recent data on home sales and contract signings in Chicagoland points to a bifurcating market.

Chicago falls behind nation with 0.6% decrease in prices

Luxury home prices listed on Redfin rose 1.2% in early summer, according to a new report.

Best. Month. Ever. July home sales beat out 2019 by nearly 9%

Nationwide, the rebound is in full swing with sales experiencing their best month in the history of RE/MAX’s National Housing Report.

Autumn asphalt, metal grating stormwater on a city street. Autumn rainy weather with puddles, outflow of water from the highway.
New credit system allows developers to trade stormwater responsibilities

Cook County’s StormStore program will allow developers with limited water storage solutions to buy credits from other properties that can accommodate extra.

Builder confidence reaches record high in August

The National Association of Home Builders/Wells Fargo Housing Market Index is looking good, but could lumber prices stall the growth?

Home on the range is a castle

Moat? Drawbridge? Turret? It’s a castle alright. But, unlike most others you’ll find in Europe, this one is equipped with its own bowling alley.

Getting away from it all

Your only neighbors will be “the elk and deer and the stars at night,” according to the $1.495 million listing

NAHB to President Trump: Skyrocketing lumber prices threaten the economy

With lumber prices through the roof, the NAHB is asking the federal government to step in and help.

Chicago real estate still trails pre-COVID-19 levels in realtor.com report

New listings back above pre-COVID-19 levels nationwide but still down from the previous year, according to realtor.com.

Unintended consequences of high prices and low rates

In these unprecedented times, it’s hard to know what’s next for the economy. But a few stark facts about the housing market will shape activity in 2021, according to local investors and economists.

Chicago buyers want affordable homes in coronavirus era

Chicagoans are looking for smaller, more affordable homes in the COVID-19 era, according to a new report from Point2.

Illinois equity-rich properties up slightly in second quarter

ATTOM Data Solutions’ report of increased equity in residences across the country could be good news for the nation’s ability to absorb potential wave of foreclosures.

Unemployment drops again, but long road to recovery remains

Nearly two million jobs were restored in July, as the economy struggles to return to pre-pandemic levels.

August is the new May for peak home sales

Peak homebuying season has shifted to the end of summer, according to realtor.com.

Foreign homebuying drops 5%

Foreign investors have taken pause when it comes to buying U.S. residential real estate, but better opportunities may be around the corner, according to the National Association of Realtors.

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