Increasing costs and declining availability of key building materials dampened builder sentiment, as higher costs have pushed some new homes beyond the budget of prospective buyers.

CoreLogic says the boost in equity will help stave off foreclosures, but the share of homes underwater in the metro Chicago area was at 6.1% at the end of the first quarter of 2021, outpacing the national rate of 2.6%.

Experts at Builder Magazine recently came out with their Local Leaders list for 2020, which ranks the country’s 50 largest new-home markets based on closings by the end of the year.

With high costs slowing construction and potentially lowering homeownership for many, easing zoning rules may be the most effective way to increase the supply of new housing.

Some cities fared better than others with the global pandemic and Chicago is one of them, according to The Economist’s 2021 Livability Index’s ranking of the most livable cities in the world.

Rising property values had homeowners cashing out of their existing residences to buy bigger homes in less-expensive areas last year.

High-end home sales surged in the three months ended April 30 as prices also rose and listings increased.

Detached single-family homes listed in the Chicago area are selling faster than ever, spending an unprecedented average of 53 days on the market in April, according to a report from the Mainstreet Organization of Realtors (MORe).

Houses in today’s market are selling in days, and Chicago sellers wanting the best chance for a quick sale should list on a Thursday before Labor Day, according to a new analysis from Zillow. 

While masks and social distance requirements may eventually fall by the wayside, much of the new real estate technology that has surfaced during the pandemic is likely to stick around for the foreseeable future.

Unassuming on the outside, but a world of wonder inside — a walk through this $325,000 home in downtown St. Louis is an adventure in and of itself.

This ultramodern $3 million home in Potomac, Maryland, is all drama from exterior to interior, with a drop-level dining room, slanted floor-to-ceiling windows, multiple kitchens and intricately tiled, geometric-shaped rooms.

Home-price growth remained in double digits for the 10th straight month in May as inventory lows pushed the median listing prices up 15.2% from last year.

The COVID pandemic has caused a shakeup in where, and how, many people work. That has helped propel a thriving housing market.

The new corporate sponsorship makes certain training, resources and networking opportunities available to RE/MAX agents.

Of the 99 million residential properties in the U.S., approximately 1.4 million (or 1.4%) are vacant this quarter, with “zombie” home rates increasing both quarterly (21%) and annually (5.6%).