Real estate news in Chicagoland
Home closings saw their most considerable one-week year-over-year increase and there was also a significant rise in the number of new listings, pending listings and showings.
Amidst pandemic woes and civil unrest in big cities, herds of Texans ditched their urban residences for more rural settings in the later months of 2020.
The year-over-year increase in the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index is the highest recorded since February 2006, according to Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indexes.
The boost in inventory shows signs of seasonal norms as supply starts to catch up with demand.
Newmark Homes and Tri Pointe Homes, two of the nine builders at Cross Creek Ranch, will be offering homes designed for 45-foot homesites, ranging from the $320,000s to $340,000s.
The builder appoints Jim Rorison as division president, has secured lots in several local communities and expects to begin building homes for first-time and move-up homebuyers in July.
Woodlands-based developer HHC is undergoing changes in office space among recent shifts in personnel and has moved both national and regional offices to The Woodland Towers at The Waterway.
Led by builders Devon Street Homes and Colina Homes, Rosehill Meadows will span 51 acres and include approximately 250 homesites, ranging from $220,000s to $300,000s.
Rent rates nationwide have been decreasing since the onset of the pandemic, but new data shows that in some cities, this could be changing in the near future.
The new model home park will showcase nine new model homes in the master-planned Sienna community’s Village of Sienna Oaks.