News / Features

Report: Inequality is distorting the housing market
Report: Inequality is distorting the housing market

The Joint Center for Housing Studies at Harvard University released its annual State of the Nation’s Housing report for 2019 and we were on hand to get the big picture on affordability, inventory pressures, predictions for the future and more from researchers and policy experts

High-end home sales decline nationwide
High-end home sales decline nationwide

In March, the luxury home market saw the largest drop in sales since 2010 with an 8.3 percent year-over-year decrease in closings, according to data gathered by Realtor.com. There were just 8,343 sales in excess of $1 million across 85...

CAR Opportunity Zone forum sheds light on a groundbreaking program
CAR Opportunity Zone forum sheds light on a groundbreaking program

A provision within the most recent tax reform bill attempts to remedy the place-based polarization that's plaguing many communities across the country, including Chicago. CAR's Commercial Forum recently hosted a seminar on the issue, bringing together real estate professionals, community leaders and even a key architect of the program to discuss its impact.

Looking back on 2019 predictions, a half year in
Looking back on 2019 predictions, a half year in

By the end of 2018, it was easy to see storms on the horizon in terms of the domestic and global economic outlook, with price growth beginning to slow and construction activity continuing to underwhelm. At the midpoint of 2019, however, we’ve already seen several surprises in the housing market, many of them on the positive side.

A holy haven
A holy haven

A Romanesque revival-style church in Washington, D.C., is on the market for $2.225 million as a six-unit townhouse. Morningstar Community Development started the conversion project in 2016, and now the 125-year-old building — which still looks like a Gothic-style church...

Mayan revival
Mayan revival

A Frank Lloyd Wright designed Los Angeles mansion featuring Mesoamerican-inspired design is on the market for $23 million. Known as The Ennis House, the 8,000-square-foot home is covered with concrete blocks molded to look like a Mayan temple. The home...

Real estate in brief: Investors, interest rates and more
Real estate in brief: Investors, interest rates and more

Real estate news this week includes stories about investors growing their share of home sales, Fannie and Freddie’s support for pre-fab homes yielding mixed results, and low rates failing to be a panacea in the housing market.

May home sales improve as market forces stabilize
May home sales improve as market forces stabilize

The latest numbers demonstrate that consumers may have responded to the combination of continuing low interest rates and newly increased inventory sooner than some watchers of the market had expected.

Chicagoland roundup: Condos and townhomes ascendant, Arlington Heights eases zoning and more
Chicagoland roundup: Condos and townhomes ascendant, Arlington Heights eases zoning and more

While sales may be down, the number of attached homes that went under contract is on the rise. Also, zoning standards are softened to make way for a new suburban town center and a new study looks at renter stats in Cook County.

NAR survey adds to bullish case for home sales
NAR survey adds to bullish case for home sales

An increasing number of Americans believe the situation is improving for both homebuyers and sellers, according to the latest survey from NAR.

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