“There simply aren’t enough homes for sale relative to the demand fueled by millennials armed with low mortgage rate-driven house-buying power.” — First American Deputy Chief Economist Odeta Kushi

The Windy City wasn’t the only Illinois community on the 2021 list. Rockford, as well as the the Quad Cities area of Iowa and Illinois also made the rankings.

Who sold the most homes across Chicagoland? Which brokerages rose to the top over the last three months? Find out in our Q3 Real Data report, a collaboration with Midwest Real Estate Data LLC.

The median existing-home price for all housing types in September was $352,800, up 13.3% on an annual basis, as every region in the country registered price increases.

Three brokers from Berkshire Hathaway HomeServices Chicago have recently taken part in record-breaking local transactions, representing the buyers.

Freddie Mac plans to offer at least $3 billion in single-family affordable housing bonds to support affordable homeownership and serve historically underserved markets, according to a press release. To underscore this effort, the company is offering approximately $285 million

The price for attached homes is on the rise, according to new statistics from the Mainstreet Organization of REALTORS®.

The decrease was driven by a 5.1% month-over-month slide in the rate of multifamily starts, while single-family construction was flat.

Lack of inventory continues to restrict home sales as fewer homes sold in September, and closed home sales dropped.

Climate change will negatively impact the already-stunted housing inventory in the U.S., according to a recent Redfin report.

The number of closed sales fell 12.5% month over month, while active inventory slid 2.5% to 37,646. Median sales prices dropped 3%, but that’s still up 5.8% from September 2020. 

@properties Development Group, along with the Chicago-based developer Focus, has announced that condominiums at Kelmscott Park are officially sold out.

Zillow announced it will not sign any new contracts to buy homes until the end of the year due to a “backlog in renovations and operational capacity constraints.”

It’s been barely three months since the federal moratorium on foreclosures expired, but it’s starting to prove costly, as nationally, foreclosures are on the rise, having increased 67% from last year.

While the past year has been unprecedented in terms of economic change and a global pandemic, most U.S. home sellers’ experiences were similar to past years, according to Zillow’s latest consumer housing trends report.  Consistent with the past three

As COVID-19 continues to negatively impact people and workplaces, EXIT Realty Corp. International announced it is working to maintain the health and well-being of its agents and brokers through a series of programs, including its Focus on Good Health initiative.