According to the Chicago Tribune, a spring and early summer surge in home-buying in the Chicago area came to an abrupt halt in July, as local home sales slid 7.3 percent from a year ago. Industry experts, including Mainstreet Organization of Realtors (MORe), weigh in. To read the full article, click here.
The cremation rate in the United States continued its rise – to 48.6 percent in 2015, up from 47 percent in 2014 – reflecting a steadily growing public preference for cremation, according to a report to be released tomorrow by the Cremation Association of North America (CANA). Click here to read more.
According to Mainstreet Organization of REALTORS®, many suburbs are seeing increases in home sales. [Read article]
According to a recent McGraw-Hill Construction report, the number of people 55 and older who are in the market to buy or sell a home has increased by 50% in the last two decades. Supporting this trend, an AARP study on aging in place found that nearly 90% of respondents older than 65 said that they want to live in their own home as long as possible.
Read more here.
The Chicago area remains one of the nation’s most affordable places to buy a home, but that’s shrinking fast in Cook and Lake counties, according to a study released today.
In Cook County, affordability shrank 18 percent in the past year, according to data from RealtyTrac, an online real estate information company and foreclosure marketplace. In Lake County, the drop was 14 percent.
Read the full article from Crain’s.