Illinois recorded 9,207 home sales during November, a 9% decline from the 10,123 properties sold one year earlier. According to data from Illinois Realtors, the 21,305 homes available for sale statewide last month were 5.1% less than the 22,449 homes available in...
The typical household needs seven years to save for the average down payment, according to a new data report from Realtor.com. This is down from the peak of 16 years recorded in April 2022, although it remains well above the pre-pandemic level. In many expensive...
Pending home sales were up by 3.3% in November from the prior month and up by 2.6% from one year earlier, according to the National Association of Realtors (NAR). On a regional measurement, pending home sales were up month-over-month and year-over-year in the...
Housing and Urban Development (HUD) Secretary Scott Turner declined to endorse President Trump’s proposal of a 50-year mortgage plan to help reanimate the housing market, stating the idea needed to be studied further before being put forth as a solution to the...
Washington Lt. Gov. Denny Heck has put forth a unique proposal to address the state’s housing shortage – repurpose vacant strip malls and big box stores as housing. The state’s 2025 operating budget assigned Heck the task of identifying the possibility of using...
As we prepare to tuck 2025 into the history books, let’s take a look back at the year to highlight some of the Hits and Misses that dominated the real estate industry. Hit: The Property Tax Revolt. The year’s biggest story, by far, was the spontaneous eruption of...
