Demand for second homes was up 70% from pre-pandemic levels in October, according to a new report from Redfin. This outpaced August’s 48% gain but was below January’s record 91% growth.

Chicagoland housing inventory is at its lowest supply in a decade, according to Midwest Real Estate Data. In turn, sales are down and prices are high.

The U.S. housing market kept firing on all cylinders, as the demand for residential real estate drove prices higher for the 116th month in a row, marking the longest streak on record.

As of Sept. 30, the National Association of Realtors (NAR) had collected $229.6 in dues from its 1.542 million members, according to a RealTrends report.

It’s been a crazy year for real estate with bidding wars, record home prices and historically low inventory, but that may all come to an end in 2022.

Among the 51 metro areas surveyed in October, closed transactions were down 6.4% from September, nearly twice the average pre-pandemic decline of 3.3% between 2015 and 2019, RE/MAX said, citing its National Housing Report.

Lake Geneva-based brokerage Keefe Real Estate announced it is joining Compass, according to press release.
Keefe, which operates in northern Illinois and southern Wisconsin, said it will maintain its leadership team, agents, staff and offices under the Keefe Real Estate Compass brand.

Company officials say the organizational changes will support the company’s record-setting growth.

The world’s wealthiest dog is about to get a little richer. Worth nearly half a billion dollars, the German shepherd named Gunther VI recently listed the former Miami estate of Madonna for $31.75 million, according to a press release.

November’s reading of 83 was up three points from October, driven by low existing inventories and strong buyer demand, the National Association of Home Builders reported, citing the latest NAHB/Wells Fargo Housing Market Index.

@properties is continuing its expansion strategy on an international scale, announcing today its plan to purchase Christie’s International Real Estate.

Housing observers noted that demand for housing remains robust despite the lack of new supply.

The National Association of Realtors® announced new, pro-consumer changes to its guidance for local Multiple Listing Service broker marketplaces.

Several local residential real estate firms have been honored by the Chicago Tribune as Top Workplaces.

Thirteen of the 15 states with the lowest percentages of equity-rich properties in the third quarter included Illinois.

Of the 200 organizations recognized by the Chicago Tribune as Top Workplaces, the top three large businesses were all local real estate companies: Compass, @properties and Berkshire Hathaway HomeServices Chicago.