Just an hour from outer Chicago, sits a spaceship-like structure: Illinois’ famous rotating house.

The real estate franchisor’s 140,000 agents closed more than two million transaction sides in 2021 to become the first real estate brand to do so in a single calendar year, according to the company.

More than 1,000 homes have been sold in Jordan Ranch since builders initially launched sales in the community just over five years ago.

Despite inventory challenges, the market for new homes in Houston is showing signs of improvement. A new report from HomesUSA.com revealed that new homes are staying on the market longer and prices and sales are stabilizing. 

J. Patrick Homes recently announced plans to debut a new series of floor plans that will extend the builder’s current range of offerings.

Real estate technology platform MoxiWorks recently announced the acquisition of ActivePipe, a lead nurturing platform for real estate professionals.

Coldwell Banker Realty announced this week that Lisa Fleming has been named regional vice president of the company’s Houston region, where she will lead 15 offices and approximately 1,100 sales associates. 

Houston’s new home listings began to level out during the week ended Feb. 28, following skewed readings resulting from the mid-February winter freeze in 2021.

The National Association of REALTORS® released an official statement this week regarding Russia’s invasion of Ukraine.

“Given the situation in the market — mortgages, home costs and inventory — it would not be surprising to see a retreat in housing demand.” — NAR chief economist Lawrence Yun 

“Builders are entering 2022 with backlogs that they are having a hard time completing due to material and labor shortages, and new-home prices are sitting near a historic high.” — First American Deputy Chief Economist Odeta Kushi

@properties Christie’s International Real Estate has released the findings of a new survey focused on brokerage technology.

While rising interest rates may lead to more reductions in the housing supply, it may also bring some much-needed balance to the market.

The Houston Association of Realtors® is partnering with Crime Stoppers of Houston and Clear Channel Outdoor to curb rental fraud.

Mortgage applications fell more than 13% in the most-recent week tracked by the Mortgage Bankers Association’s Market Composite Index, while interest rates continued to rise. 

In Saguache, Colorado, a monument to the Old West is for sale. Dubbed Old Cow Town, the property is a frontier replica, complete with a luxury lodge.