The pace of new multifamily construction, however, jumped, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

At the same time, the median existing-home price rose 13.4% year over year to $416,000. 

As both mortgage rates and sales prices rose, Chicagoland home sales cooled during June, according to new data from the Mainstreet Association of REALTORS®.

Nationwide, sales hit their highest level of the year, rising 4.7% from June but falling 17.6% on a year-over-year basis, RE/MAX said. 

July saw the NAHB/Wells Fargo Housing Market Index post its second-largest monthly drop ever, as worries about housing affordability dampened builder sentiment. 

We all know Chicago as the Second City. And now, a recent survey by Time Out gives that moniker a new meaning.

Talk about a detached home. Floating out in the United Kingdom’s Humber Estuary is Bull Sands Fort: a military sanctuary designed during the first World War.

About 14.9% of home-purchase agreements nationwide fell through in June, the highest percentage in more than two years.

Chicago Mayor Lori Lightfoot took her affordable housing plan a step further in late June, requesting an additional $69 million in funds — this comes after a $1 billion investment in the program from the city in December.

In honor of Embrace Your Geekness Day — July 13, apparently — Lawn Love has compiled a list of the geekiest cities in the U.S. Chicago ranks at No. 7.

According to the annual survey, the typical Realtor saw their transaction sides rise from 10 to 12 and their sales volume increase from $2.1 million to $2.6 million. 

The tool takes the guesswork out of the home-shopping process by highlighting condos eligible for Veterans Affairs (VA) financing.

The residential-brokerage franchisor announced a host of company-wide steps it is taking to grow its business. 

As the Highland Park community, along with the rest of the nation, mourns the tragic event that took place at the Fourth of July, Realtors are mobilizing to help support victims and their families. 

A new report from ShowingTime reveals a continued drop in home showings nationwide: During May, buyer traffic decreased 18.2% year over year.

Prices for single-family homes in Chicago increased by 11.1% year over year in May, up from 10.7% month over month in April.