Last year’s en-masse move to remote work has driven what Zillow has dubbed the Great Reshuffling, as homeowners working from home have paused and reevaluated where and how they live.

The increase was driven by a 21.6% month-over-month spike in the rate of new multifamily construction. Single-family housing starts, meanwhile, slid 2.8%.

September’s reading of 76 was up one point from August, despite lingering challenges with labor and the building-material supply chain, the National Association of Home Builders reported, citing the latest NAHB/Wells Fargo Housing Market Index.

When a penthouse at Chicago’s Trump International Hotel & Tower  listed for $30 million last Tuesday, the exorbitant price tag made headlines.

Month over month, home sales were down 3.5%, and the median sale price declined 1.2% to $335,000.

The Justice Department’s original complaint against the National Association of Realtors, filed Nov. 19, 2020, alleges that the association enforced rules and policies that illegally hampered competition in residential real estate services.

“The net result for housing is that these low and stable rates allow consumers more time to find the homes they are looking to purchase,” Freddie Mac Chief Economist Sam Khater said.

Illinois had the highest foreclosure rate in the nation in August 2021, according to new data from ATTOM’s U.S. Foreclosure Market Report.

A decline in new home listings has had little impact on the market as far as demand is concerned, according to a recent Redfin report.

Over the past year, outer suburbs, or exurbs, have experienced a particularly intense boom. It’s those distant areas which saw the sharpest increase in interested buyers, according to Realtor.com.

The Mainstreet Organization of REALTORS was honored by the Daily Herald Business Ledger for taking initiative to promote diversity.

Even as the real estate market is showing signs of cooling and more sellers are dropping asking prices, median home prices increased by double digits from last year.

The FOOTE Team joined with Compass three months ago. Saturday, August 28, marked the official ribbon-cutting ceremony for their new office in downtown West Dundee.

Local real estate pioneer Larry M. Klairmont passed away peacefully on July 18, 2021. He was 94 years old.

Also during the month, the median sales price rose to $390,500 from $370,200 in June, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

In what’s been a historic, frantic market, homes selling for large sums over list prices have risen sharply since January.