Chicago Real Estate News
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World Property Markets to Commence Industry Joint Venture Funding Round
Michael Gerrity, founder of Miami-based World Property Ventures (WPV), has announced that WPV's wholly-owned subsidiary, World Property Markets, is soon launching a significant $350 million joint-venture funding round with multiple industry partners later this quarter.
86 Percent of Industry Believes NAR-DOJ Commission Lawsuits to Trigger Mass Agent Exodus from the Industry
According to new research by Clever Real Estate, around 86% of agents believe the recent changes to the commission structure, which took effect last month after the DOJ's national class action lawsuit against the National Association of Realtors (NAR), will drive many agents out of the industry.
Homeownership Expenses Consume 34 Percent of Average Wages in U.S.
ATTOM Data's latest U.S. Home Affordability Report for the third quarter of 2024 reveals that single-family homes and condos across the nation remain less affordable compared to historical averages in 99% of counties with sufficient data.
Stale Home Listings on the Rise in America
Based on new data from Redfin, nearly half (48%) of all U.S. listings have lingered on the market for at least 60 days, the highest share for any August since 2019.
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