The annual rate of 4.58 million sales was up 14.5% from January but down 22.6% from the February 2022 rate of 5.92 million. 

Nationally, the week of April 16-22 is likely to provide sellers with the most favorable conditions for a successful sale of any week of the year, although the exact timing varies widely by market. 

Four decades after its founding, HODC remains true to its mission: to develop, manage and preserve housing that is affordable to low- and moderate-income households, primarily in Chicago’s northern suburbs.

The trends we’ve been noticing across Chicago’s suburban housing market were reinforced by new data from the Mainstreet Organization of REALTORS®.

The vast majority of Realtors — 92% — suggest that sellers improve the “curb appeal” of a home before listing. But how exactly should they go about that?

A shortage of existing-home inventory is driving more people to the market for newly built homes. 

Homebuilders expressed “cautious optimism” that the lack of existing inventory would drive demand for new homes despite high construction costs and interest rates, the National Association of Home Builders reported.    

“Latinos are more mortgage ready. Latinos have made strides in income and are more educated in the homebuying process,” said Nidia Fromenta Peguero of Century 21 North East in Danvers, Massachusetts. “They don’t want to rent anymore.”

Illinois REALTORS® spent big in this year’s aldermanic elections, allocating at least $500,000 across a total of 26 local races. It was an unprecedented move by the organization during an election cycle that promised major turnover in City Council.

The Mortgage Bankers Association noted the increase in borrowing activity came despite the 30-year fixed mortgage rate climbing to its highest level since November 2022. 

With the opening of a nearby leasing center, pre-leasing for The Row Fulton Market has officially begun. Developer Related Midwest made the announcement.

Vice President of Association Affairs Jennifer Wauhob brings over a decade of experience to her new role with NAR.

As rising mortgage rates cool the market, the share of U.S. homes worth at least $1 million has fallen from an all-time high last year.

In January, home prices were up 5.5% annually and down 0.2% monthly, CoreLogic reported, citing its monthly Home Price Insights report. 

Jamie Franz, Bradley Rasof and Scott Schneiderman have been in the mortgage business for decades — and they’ve been friends for almost as long. Now, they’ve teamed up formally at CrossCountry Mortgage.

Keeping things in historical perspective can be tough when mortgage rates have roughly doubled in the last year. Mike Del Preto, a senior mortgage advisor at Fairway Independent Mortgage Corporation, helps provide a closer look at the numbers.