Chicagoland experienced a drop in home sales for both single-family (down 11.2%) and attached homes (down 6.6%) in February, according to a press release from the Mainstreet Organization of REALTORS®.

The decrease comes as interest rates continue to climb, according to the Mortgage Bankers Association. 

Housing inventory should reach pre-pandemic levels by the end of 2024, according to the results of Zillow’s latest Home Price Expectations Survey. More than 100 market experts and economists weighed in to predict upcoming trends.

“Buyer demand is still intense, but it’s as simple as ‘one cannot buy what is not for sale.” — National Association of REALTORS® chief economist Lawrence Yun  

Maurice Hampton, Chicago Association of REALTORS® past president and owner of Centered International Realty, was recently appointed to the Cook County Land Bank Authority’s board of directors.

The Berkshire Elite Circle consists of the top 10 Berkshire Hathaway HomeServices brokerages in the nation — and Berkshire Hathaway HomeServices Chicago was named among the bunch.

Amid rising prices and hiking interest rates, Illinois homes sold faster in February 2022 than in the year prior, according to new data from Illinois REALTORS®.

Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.

What does the current generation of homebuyers and sellers look like? How old are they and how are they doing business? NAR has answers.

Ever wanted to cook in Monica’s kitchen? Hang out on the Central Perk couch with a cup of joe? This “Friends” home, furnished with colorful set replicas, has it all.

Berkshire Hathaway HomeServices Chicago has opened a new, satellite office at 5019 N. Clark Street.

Houzz, the home remodeling and design platform, has released its annual U.S. State of the Industry report which reveals a four-year high in revenue growth.

The median existing-home price for all housing types in February was $357,300, up 15% from a year before, as median prices rose in each region.    

“More groundbreaking is welcome news for a supply-starved housing market.” — First American deputy chief economist Odeta Kushi 

The measurement of six-month sales expectations among homebuilders took an especially negative turn in March, according to the National Association of Home Builders. 

The Federal Reserve announced today that it would increase the federal funds rate by 0.25%, its first increase in more than three years, with more hikes projected for the remainder of the year.