News / Features

More COVID-19 fallout: declining affordability

If household income growth slows and house prices continue to rise, even today’s record-low mortgage rates may not keep homes in an affordable range, according to a new report.

New construction sales rose 16.6% in May amid improving builder sentiment

Despite record-breaking unemployment, sales of newly built single-family homes rose in May, as builders rushed to meet pent-up demand and flight to suburbs.

Chicago real estate recovery headed in the right direction

“Markets with stronger job creation pre-COVID are proving to have the crucial edge for real estate activity, particularly those with a strong technology sector.” — Javier Vivas, director of economic research for Realtor.com

Sales fell again in May; strong rebound around the corner, says NAR

While existing-home sales were down again, the National Association of Realtors predicts a post-lockdown boom that will surpass 2019 sales figures.

Call it the coronavirus effect: Young adults are moving back home

Roughly 2.7 million U.S. adults moved in with a parent or grandparent in March and April as the coronavirus pandemic spread, potentially costing landlords hundreds of millions of dollars in monthly rent payments and casting doubt on the future of young workers in particular.

Suburban single-family homes offer bright spot in latest numbers

The latest numbers from Illinois Realtors show stark declines in activity occurred last month.

Real estate unplugged: Growing closer through social distancing

An experiment that was expected to last a few weeks has now become a transformational moment for Dream Town Realty.

Hill Country architect’s delight

The home will dazzle residents and visitors alike with unique details such as its kitchen wall made of lichen-speckled tree bark and kitchen island topped with white macaubas quartzite.

Oh, Canada!

No wonder the location of this 2-bedroom home on Magdalen Islands, Quebec, Canada, is one of Lonely Planet’s No. 1 destinations.

Chicago defies national trend with May increase in active inventory

Although the single-digit decline from the previous month nationally is good news, home sales still lagged May of 2019 by 33.7%.

Lenders predict ‘near term strength’ for the housing market

May applications for new home purchases were up 26% from April, pointing to a recovery that’s already underway.

Permits, builder sentiment indicate turning point for the market

In a sign of continued forward momentum, single-family permits posted an 11.9% gain in May, while builder sentiment jumped 21 points in June.

Pride Month kicks off with landmark decision and new video series

It’s time to celebrate Pride Month and the recent U.S. Supreme Court decision for workplace equality. What better way than to meet some members of the LGBTQ community at RE/MAX?

Redfin: Bidding wars up in May in Chicago

Bidding wars are beginning to return in Chicago, according to a new report.

New eviction rules to be considered by city council tomorrow

Chicago Mayor Lori Lightfoot is proposing a slower process that offers more alternatives to tenants. But the Chicago Association of Realtors has raised constitutionality questions that have gone unanswered so far.

Survey finds COVID-19 has disproportionate impact on minority housing options

A higher percentage of black and Hispanic individuals say their housing has been impacted by COVID-19, according to a new survey.

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