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The iconic home from “A Nightmare on Elm Street” is prime Hollywood real estate. And it’s currently for sale.
Home-price gains were once again broadly distributed, as all 20 cities in the S&P CoreLogic Case-Shiller Home Price Index rose, although in most cases at a slower rate than a month ago.
It’s been a more than a year and a half of technological innovation in real estate in response to the COVID-19 pandemic, and the Federal Housing Finance Agency has decided to make one tool — desktop appraisals — permanent.
At the same time, the increase in interest rates drove fewer borrowers to refinance their loans, according to the Mortgage Bankers Association.
The month also saw a slight shift in inventory, even though shortages continued.
Pet ownership increased dramatically during the pandemic. 73% of homeowners report at least one pet in the home.
“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.