The National Association of REALTORS® has been named in a new lawsuit by Janelle Brevard, the organization’s former chief storyteller. NAR President Kenny Parcell is named multiple times in the complaint.

Transactions that do go through are typically seeing multiple offers, NAR Chief Economist Lawrence Yun said. 

A third consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index lends new evidence to claims that previous declines could be behind the market. 

The Chicago Association of REALTORS® held its annual diversity, equity and inclusion event, the 360° Summit, on June 22 at Venue West.

Demand for newly built homes has remained strong as high interest rates keep many would-be sellers of existing homes off the market. 

At the same time, the median existing-home price for all housing types slid 3.1% year over year to $396,100. 

Detached suburban home prices are mostly stable, but sales remain down and time on the market is increasing, indicating that Chicagoland homebuyers are taking their time, new data from the Mainstreet Organization of REALTORS® shows.

Goldberg’s retirement comes after 30 years of service with NAR and four decades of real estate experience.

The larger-than-expected increase comes as homebuilder sentiment rose for the sixth month in a row. 

There are nearly 40% fewer homes for sale now than before the pandemic began.

Chicago’s job market is hot right now — further exacerbating the city’s housing shortage, according to new research from PortlandRealEstate.com.

At the second annual Engel & Völkers Pride Leadership Summit, a series of presenters and panelists shared educational, actionable approaches to promote the LGBTQ+ community — in and out of real estate.

The Federal Reserve on Wednesday halted its streak of 10 consecutive rate hikes since March 2022.

Homebuyer competition is driving up prices, as inventory constraints continue to plague the real estate market.

According to a new report from Compare the Market, the Windy City ranks No. 3 among the most cost-effective cities in the world.

Homes affordable to middle-income buyers — defined as households earning up to $75,000 — fall in the $256,000-to-$320,000 range. But of the over one million U.S. homes on the market at the end of April, less than a quarter of all listings were within that price range.