Rent growth also slowed in December, posting the lowest monthly increase since February 2020.

“December saw sales retreat, but the pull back was more a sign of supply constraints than an indication of a weakened demand for housing.” — NAR chief economist Lawrence Yun

Local artist Katie Lauffenburger is building dream homes on a miniature scale: 10-inch-tall ceramic house replicas, which double as planters.

Proper Rate, the joint venture by Guaranteed Rate and @properties, has named Rich Honquest as a new vice president of mortgage lending.

Despite fierce competition in the housing market, nationwide, potential homebuyers still have dealbreakers — and they’re revealed in a new study by HomeAdvisor.

While multifamily starts surged 13.7% compared to November, the pace of new single-family housing construction slid 2.3%, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

December housing sales fell lower than they have since the start of the pandemic, a new Redfin report found.

Michelle L. Feola has joined Berkshire Hathaway HomeServices Chicago as vice president and general counsel for both the firm and its affiliated title company, Fort Dearborn Title.

“While lean existing home inventory and solid buyer demand are supporting the need for new construction, the combination of ongoing increases for building materials, worsening skilled labor shortages and higher mortgage rates point to declines for housing affordability in 2022.” — NAHB Chairman Chuck Fowke

Black applicants were 84% more likely to be denied a mortgage than white applicants, the data showed, an increase from the 74% disparity in 2019.

Home Partners of America has launched Choice Lease: a first-of-its-kind program offering below-market rents to qualified applicants.

In May of last year, the city began implementing a pilot program to bring Accessory Dwelling Units (ADUs) into compliance — but many real estate professionals still have questions.

Famed Chicagoan Helmut Jahn is memorialized in a new short documentary film, spotlighting the late architect’s distinguished career.

“MBA expects solid growth in purchase activity this year, as demographic drivers and the strong economy support housing demand. However, the strength in growth will be dependent on housing inventory growing more rapidly to meet demand.” — Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan

The San Francisco Bay-area mortgage lender is licensed in 42 states.

The 2022 U.S. Houzz Kitchen Trends Study is out, and the most popular kitchen renovation trend is upgraded countertops.