Construction costs poised to rise up to 6% in 2024
Building costs will rise between 3% and 6% throughout 2024, depending on the market, according to data released Tuesday by cost management firm Currie and Brown
by Ben Verde Feb 20
Broker Spotlight: Jeff Valentino, Valentino Group
Find out why this North Carolina broker says that real estate is as much a hospitality business as a sales and marketing one
by Christy Murdock Feb 8
Rate drop leads to 3rd consecutive month of listing gains
Active and new listings experienced single-digit increases for the 3rd consecutive month in January, according to Realtor.com's latest market report
by Marian McPherson Feb 2
NAR CEO Nykia Wright appears — and disappears — in 'odd' new video
In a video that abruptly vanished from NAR's website Wednesday before resurfacing, Wright said the group does not set commissions — a practice it isn't currently being accused of — and welcomed competition from AREA
Illinois Realtors raises $1M war chest to fight Chicago tax hike
Chicago voters are set to decide whether to quadruple the tax buyers pay on residential and commercial properties in the city. Illinois Realtors plans to lead the fight
by Taylor Anderson Jan 31
How 'Stop Hate in Real Estate' can empower agents and clients
LGBTQ+ Real Estate Alliance Past-President Erin Morrison shares a new initiative to help Realtors come together and speak out against bias, discrimination and hate from a vocal minority
by Erin Morrison Jan 31
Tale of 2 housing markets will linger into 2024, Zonda economist warns
With listings still in short supply, homebuyers are 'dealing with an affordability shock' and new homes will play an outsize role in housing markets, Zonda Chief Economist Ali Wolf said at ICNY
by Matt Carter Jan 26
Guaranteed Rate helping sellers offer mortgage rate buydowns
The lender's new RateReduce Sell program allows sellers to pay points to lock in a discounted mortgage rate that their real estate agent can cite in co-branded marketing materials
by Matt Carter Jan 12
Illinois' 3rd commission suit names @properties, champions buyers
A Chicago homeowner is the latest to allege NAR policies amounted to a conspiracy to keep commissions high for buyers, resulting in overpayment on the home purchase
by Taylor Anderson Jan 12
Realtors fear damage to NAR brand beyond repair following Kasper exit
Members already reeling from a series of accusations and leadership changes told Inman Tracy Kasper's resignation as president after less than 5 months doesn't bode well for NAR's reputation
by Taylor Anderson Jan 10
NAR President Tracy Kasper resigns, alleges blackmail
The National Association of Realtors' leader said she recently received a 'threat to disclose a past personal, non-financial matter unless she compromised her position at NAR'
Chicago landlord, business groups sue to block transfer tax hike
Voters are set to decide whether to increase the tax paid on real estate sales above $1M. Landlords and business groups say referendum violates the state constitution
by Taylor Anderson Jan 5
The listings Inman writers couldn't stop thinking about this year
From a French chateau to a 2-flat in Chicago, here are some listings that caught the eye of Inman's writers this year
by Ben Verde Dec 29
US home prices tally biggest uptick of 2023 amid steep mortgage rates
The S&P CoreLogic Case-Shiller National Home Price Index posted a yearly increase of 4.8% in October, the fastest annual rate gain of 2023 and 'the strongest national growth rate since 2022'
by Ben Verde Dec 26
House Hacking spiked amid COVID. In 2024, it will be a household name
Last month, Fannie Mae lowered its down payment minimum for some properties, clearing a path for investors like Alejandro and Jessicas Cuevas, who bought in Chicago with hacking in mind
by Taylor Anderson Dec 26