In Chicago, 41.9% of Redfin offers faced competition in August

Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

Following the association’s Inaugural Gala, Illinois REALTORS® installed its 2023 leadership team. Michael Gobber took the reins as president.

NAR and the National Forest Foundation (NFF) plan to plant 1.575 million new trees by the end of 2025, thanks to a $1.575 million donation from NAR. That many trees will reduce 750,000 metric tons of carbon in the atmosphere — the equivalent of 145,931 homes’ yearly electricity use.

The mortgage lending and digital finance company Guaranteed Rate has launched an extensive Language Access Program to expand services to Spanish-speaking clients. The program uses language and cultural information to create an inclusive and informative experience for all clients, regardless of their English proficiency.

Baird & Warner has officially opened a new office in Berwyn, located at 6347 Cermak Rd. In addition to functioning as another real estate branch for the firm, this office will serve as a first-of-its-kind community resource center for potential homebuyers.

Two economists expressed concerns about the real estate industry in the wake of the Fed’s decision to raise interest rates by three-quarters of a percent. 

Illinois homes sold somewhat faster in August 2022 than in the year prior, even as median prices rose statewide, according to new data from Illinois REALTORS®.

Enter the Upside Down… in Fayetteville, Ga! The famous Byers home from “Stranger Things” is officially on the market.

The suburban housing market is slowing at a steady pace, according to new data from the Mainstreet Organization of REALTORS®.

The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before. 

The NAR’s Community Aid and Real Estate (CARE) Report shows that REALTOR® associations donated a median of $12,070 this past year, a 20% increase over 2020.

New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.  

A continuing combination of increased interest rates, supply-chain disruptions and high home prices has sapped homebuilder sentiment every month this year. 

The housing market is starting to become more balanced.

Christie’s International Real Estate making coastal moves. Following recent expansion to Newport, R.I., the brokerage is coming to Naples.