Millennials were once referred to as the “renter generation” because of their preference for apartment living in urban areas over purchasing a home in the suburbs like their Baby Boomer parents.

Known as “The Bubble House,” this 11-dome residence is a real one-of-a-kind for just 1.5 million Australian dollars ($1.1 million).

This passive-solar structure will have its new owner giving a high-five to Mother Earth, due to the structure’s energy-efficient design.

Housing markets across the country saw new listings growth in June, as the median list price hit yet another all-time high, and Chicago was no exception. 

Strong growth of single-family construction spending drove the increase, while spending on multifamily construction was flat, the National Association of Home Builders said.

“We’re seeing similar pressures across the country, which is why the National Association of Realtors wants to create incentives for homebuilders to help meet the growing housing demand.” — MORe CEO John Gormley

“May’s strong increase in transactions — following April’s decline, as well as a sudden erosion in home affordability — was indeed a surprise. The housing market is attracting buyers due to the decline in mortgage rates, which fell below 3%, and from an uptick in listings.” — NAR chief economist Lawrence Yun

The median age of construction workers is 41, the same as a typical worker in the national labor force, according to the National Association of Home Builders’ analysis of the most recent 2019 American Community Survey data.

Suburban Jungle provides pre-search consultation services to homebuyers to help them find the ideal neighborhood or suburb for their needs and match them with a vetted real estate agent.

In light of the increasing number of natural disasters in recent years, the foundation commemorated its 20th anniversary by launching Hope Rising, “a campaign designed to ensure the foundation can respond to disasters as quickly and effectively as possible.”

Denying a mortgage to a woman because she is on or plans to be on maternity leave is against the law, but some lenders are accused of doing just that.

New construction apartments are getting bigger in Chicago and other major markets after shrinking in size from 2016 to 2020, according to a recent study by RENTCafe and Yardi Matrix.

The seasonally adjusted estimate of new houses for sale at the end of May was 330,000, representing a supply of 5.1 months at the current sales rate, the U.S. Census Bureau and the Department of Housing and Urban Development reported.

The shortage of housing in America is more “dire” than previously expected, and the NAR’s new report puts pressure on lawmakers to provide additional public funding and policy incentives to fix this massive underbuilding gap.

Agents at @properties who earned more than a quarter-million dollars in commissions for the first time with the company were awarded a high-end attaboy by the brokerage for their work in 2020.

Market competition has eased up recently, but seven in 10 buyers still face bidding wars, according to a new report from Redfin.