Chicago Real Estate News
Chicago
U.S. Home Sales Remain Sluggish in May
U.S. existing-home sales ticked up in May, boosted by gains in the Northeast, Midwest, and South, though the Western housing market continued to lag, according to new data from the National Association of Realtors (NAR). The pace of sales rose 0.8% from April 2025 to a seasonally adjusted annual rate of 4.03 million units, but activity remains below last year's levels, down 0.7% from May 2024.
U.S. Multifamily Market Rebounds in Early 2025
According to new research from CBRE, the U.S. multifamily housing market is showing strong signs of recovery as robust demand outpaces new supply, driving vacancy rates lower and fueling investor confidence.
U.S. Office Market Experiences Historic Conversion Shift
In a landmark shift for the U.S. office real estate market, more office space is set to be removed from inventory than added for the first time since at least 2018, according to a new report from global real estate services firm CBRE. The trend marks a critical turning point in the sector's path toward stabilization and early signs of recovery.
International Buyer Demand for U.S. Homes Upticks in Early 2025
A new report from Realtor.com reveals a modest uptick in international interest in U.S. real estate, with 1.9% of the platform's traffic in the first quarter of 2025 coming from global home shoppers -- up slightly from the same period in 2024.
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