News / Features

Housing inventory surge shows signs of relief for buyers

The boost in inventory shows signs of seasonal norms as supply starts to catch up with demand.

New-home sales surge 21% in March

Year over year, the pace of sales was up 66.8% nationwide.

Chicago Association of Realtors hosts racial wealth gap panel discussion

“There is a lack of resources available to people who may have lived in a certain community their entire life…we were not educated on the financial vehicles available to us.” — CAR President Nykea Pippion McGriff

Biden Administration announces additional 22,000 H-2B visas

The DHS announcement comes in response to businesses reporting an immediate need for supplemental, temporary guest workers for this fiscal year.

Forbearance rate drops to 4.5%

As the economy slowly recovers from the early days of the pandemic, the share of loans in forbearance dropped for the seventh consecutive week, signifying a 40-basis-point decrease in the last two weeks.

Chicago in the top 10 cities for rent decreases in 2021

Rent rates nationwide have been decreasing since the onset of the pandemic, but new data shows that in some cities, this could be changing in the near future.

Chicago median sales price just under $300,000

The median sales price of homes in the 53 metro areas covered by RE/MAX’s National Housing Report rose 4.5% month over month in March to $303,000, marking the first time in the 13-year history of the report that it topped $300,000.

Millennials gain a foothold in today’s housing market

As they come of peak age for first-time homeownership, millennials are gaining an increasing share of today’s housing market.

HUD Sec. Fudge: ‘We will enforce U.S. Fair Housing Act’

Housing secretary reaffirms U.S. commitment to closing the racial homeownership gap at a forum with NAR president and top housing officials.

@properties launches franchise in Wisconsin

This is first Wisconsin location for Chicago-based @properties, which began offering franchises to independent operators late last year.

U.S. Supreme Court decision makes it easier for brokers to market their business

Brokers may use their cell phones to make marketing calls and send marketing texts, if the cell phone does not have an app that will automate the dialing system.

Zillow: Most experts expect relief to supply woes later this year, early 2022

Forty-three percent of respondents to the first-quarter Zillow Home Price Expectations survey expect inventory to improve in the second half of the year, followed by 26% who expect it in the first half of 2022.

Midweek listings in Chicago sell almost a day faster

Homes listed on a Tuesday, Wednesday or Thursday are selling for more than those listed on the weekend, but how much varies by metro area.

Chicago’s housing supply shortage expected to continue for some time

The housing supply shortage is expected to get more extreme as homebuyer demand continues to outweigh inventory levels, a new study found.

How does credit scoring impact fair lending and minority home ownership?

“A credit report and credit score are the gateway to a mortgage,” — NAR President Charlie Oppler.

Who made up the National Association of Home Builders in 2020?

The National Association of Home Builders published the results of its Special Study for Housing Economics, highlighting the 2020 annual census of who makes up its members.

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