It’s hard to believe the first quarter of the year is over, but the above-average warmth in the Chicago area is a sure sign that Spring has arrived and the home buying season is fully underway. The first part of the year has been very active in our industry and we have news to share with you on the residential and commercial real estate fronts in our newest edition of News Digest.
Examining home buyer preferences across the industry, including the impact that COVID-19 may have on the types of features, size and location of homes that buyers are seeking.
Home Buying Institute
There’s a lot we don’t know about future housing conditions, and a lot of variables that could change at any time. But what we can do is examine current housing-related trends and offer a bit of data-based speculation.
The final reading of consumer sentiment in March rose to 84.9 points from 83 earlier in the month, according to a survey produced by the University of Michigan.
While no piece of legislation is perfect, the American Rescue Plan Act provides pockets of stimulus that should be helpful to the commercial real estate industry.
In a case with implications for the home building industry, the U.S. Supreme Court affirmed the judgments of the Montana and Minnesota Supreme Courts
HUD Secretary Marcia Fudge put an end to speculation that the agency would move to reduce the Federal Housing Authority‘s mortgage insurance premiums by 25 basis points.