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Agents in Illinois grapple with the state’s housing inventory shortage

Housing Wire

Census Bureau , the state lost 32,826 residents from July 2022 to July 2023. Real estate professionals throughout the state attribute the resilience of the state’s housing market to its perpetually low inventory problem. Like the Chicago suburbs, Peoria’s desirability has put a strain on the city’s already tight housing inventory. “We

Inventory 384
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2 of Every 25 U.S. Homes Worth at Least $1M

Empire Appraisal Group

Homes Worth at Least $1M By Kerry Smith While $1M signified luxury property a short while ago, it’s now 8% of the nation’s housing stock – but a large percentage of those homes are still in Pacific Coast states. As a result, inventory dropped so low that buyers still in the market are competing for those few homes that are for sale.

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While the Austin housing market isn’t sizzling, agents say it is still warm

Housing Wire

What ensued next was a rapid cooldown, which saw the median list price fall by more than $100,000 by mid-February 2023 to $533,000. Looking at the number, 2023 was the lowest year in the past 28 years for sales, so it was a bit of an oddity compared to what we’d seen in the second half of 2020, all of 2021 and the first half of 2022.”

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The best real estate companies to work for in 2024 (+ beyond)

Housing Wire

We’ve all heard the news: over 60,000 real estate agents left the profession in the first half of 2023. Coldwell was named among the 2023 Women’s Choice Award® for “9 out of 10 Customer Recommended Real Estate Agency.” Full disclosure: I made the switch to REAL in 2023.

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WILL WAR IN UKRAINE IMPACT OUR HOUSING MARKET?

Will Springer Realtor

Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. Condo inventory is not much better. Perhaps the city will want to rezone the property to open the possibilities to commercial/retail and multi-family buildings in an effort to increase the number of residents. There is 0.6

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TRACKING THE SINGLE HOUSEHOLD AND OTHER LIFESTYLE CHOICES

Will Springer Realtor

Here are a few trends, according to John Burns Research and Consulting, that started in 2023 and will continue this year: Designers are starting to remove entire parts of the home, like the formal dining room, basement and garage to free up more space for the bedroom, kitchen or study. of resold properties. >>