“In a plot twist, baby boomers have overtaken millennials — the largest U.S. population — to become the top generation of homebuyers,” said Jessica Lautz, NAR’s deputy chief economist and vice president of research.

Oralia Herrera, broker/owner of CENTURY 21 TK Realty Inc. in Addison, has been installed as NAHREP president.

The acquisition of the mortgage servicer comes on the heels of Rocket’s $1.75 billion deal for Redfin. 

Designed by architect Eric Owen Moss in 1977, the multifamily home is located just minutes from the Pacific Ocean in Playa Del Rey, California.

NAR recently announced major staffing changes. These include the elimination of 41 current positions and 20 open roles as well as multiple additions to the senior leadership team.

The National Association of REALTORS’® Pending Home Sales Index rose 2% month over month in February, topping an expected 0.9% gain. 

Hispanic homeownership reached a record high of 9.8 million in 2024, marking the largest annual increase among any racial or ethnic group for the second year in a row, according to new data from NAHREP.

The new policy allows sellers to put off marketing their properties for a period of time to be determined by their local MLSs. 

This property is actually two properties: a landlocked “boathouse,” plus its own personal lighthouse.

Nationally, home sales were down 2.6% year over year and up 8.4% month over month, RE/MAX said. 

Home sales increased slightly in Illinois during February, year over year, while Chicagoland and city sales fell, according to Illinois REALTORS®.

Indicators of homebuying demand and activity are on the rise nationwide, according to a new report from Redfin.

Despite Chicagoland’s ongoing inventory crunch, sales in the suburbs were resilient in February, according to Mainstreet REALTORS®.

The median existing-home price was also on the upswing last month, providing homeowners a bit of refuge as the stock market undergoes a correction, Chief Economist Lawrence Yun said in the monthly report. 

Single women made up 20% of total homebuyers between 2023 and 2024. That’s compared to just an 8% share for single men.

The pace of new-home construction was higher than economists expected, even as homebuilders expressed concern about the impact of tariffs and supply-side challenges.