arhome realty blog - Market Updates

Zillow and Redfin Announce New Rules: Why You Need A REALTOR® Now More Than Ever

Zillow and Redfin announce new rules: why you need a REALTOR® now more than ever

The real estate industry is buzzing with the recent responses of Zillow and Redfin to the National Association of Realtors® (NAR)'s updated listing policy. Under the new policy, home sellers will now have the option to instruct their brokers to market their properties without immediately listing them on the large-scale Multiple Listing Service (MLS) or Participant Listing Network (PLN) within the first 24 hours of marketing. The move allows Sellers to have more control and decision power in how their property is advertised, from both a privacy and strategy point of view. In a significant reaction, both Zillow and Redfin have announced that they will ban any listing…

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A Positive Market Outlook For 2025

a positive real estate market outlook for 2025

As we step into the new year, the real estate market continues to evolve, presenting both challenges and opportunities. According to Lawrence Yun, chief economist of the National Association of REALTORS®, the market is on a positive path forward. Below are key factors shaping the 2025 housing market and what they mean for those looking to buy or sell their homes. 

1. rising home sales.

Home sales are expected to rise in 2025, driven by favorable market conditions that encourage increased activity. The rise in population hasn't matched the rise in home sales, signaling there is pent up demand and can indicate a strong market ahead. Additionally, the influx of new jobs further supports a positive…

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Summer 2024 Real Estate Market Outlook

summer 2024 real estate market outlook

The housing market is an ever-evolving landscape, influenced by various factors such as economic conditions, demographic shifts, and buyer/seller behaviors. As we look ahead to the summer, we'll analyze what's next for the real estate market, especially with all the new commission changes on the horizon. In this blog, we delve into some of the predictions and insights offered by experts in the field, to gain a glimpse into the possible trajectory of the housing market in the coming months.

1. high demand, low inventory.

Demand for homes has continued to increase; however, high mortgage rates and lower inventory have caused existing-home sales to decline. Experts predict that sales may increase slightly,…

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What the NAR Settlement Means For Buyers And Sellers

What The NAR Settlement Means For Buyers And Sellers

The recent National Association of Realtors® (NAR) settlement will update the long-time practice of sellers paying commissions towards agents who introduce a buyer to a property. In short starting mid-August, Realtor® members who are listing property will no longer be able to share compensation offers to buyer's agents through the MLS. Instead, buyers and their agents will be required to have their own upfront written agreements specifying the fee for these real estate services. These changes will shift some of the ways buyers and sellers approach real estate transactions.

what this means for sellers

Up until now, Sellers who listed their property with a brokerage were advised of a practice…

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2024 Housing Market Outlook

2024 housing market outlook

As we step into the new year, the real estate market continues to evolve, presenting both challenges and opportunities. Below are key factors shaping the 2024 housing market and what they mean for those looking to buy or sell their homes.

1. low inventory levels.

Looking forward, demand will most likely continue to exceed supply. Illinois specifically has a slow growth in the number of homes being built compared to the rest of the country. Predictions of slight mortgage rate declines would help bring more home sellers into the market and increase the amount of inventory, however, it is unlikely that we'll see a drastic change from the status quo. 

2. mortgage rates could decrease.

While mortgage rates have…

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Where is the market moving?

where is the market moving?

With high interest rates, low inventory, and competition in the market not letting up, what should buyers and sellers really be doing now? Here's our analysis for approaching the market with what's best for you.

the unpredictability of interest rates

Even though we see extensive forecasting and analysis on interest rates from experts, nobody truly knows what lies ahead. Time and again, predictions have been made, and the outcomes have not matched expectations. Recently, economic strategists have mentioned the possibility of an intentional pushing of rates to generate a controlled recession. This strategy aims to prevent inflation from spiraling out of control. While this would mean rate could remain higher for the…

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Summer Real Estate Market Update

A look at the summer real estate market

The housing market is a dynamic and ever-evolving landscape, influenced by various factors such as economic conditions, demographic shifts, and buyer/seller behaviors. As we look ahead to the summer, it's natural to wonder what lies in store for the real estate industry. In this blog, we delve into some of the predictions and insights offered by experts in the field, to gain a glimpse into the possible trajectory of the housing market in the coming months.

1. continued demand and tight inventory.

One key trend anticipated in the housing market is the continuation of buyer demand, even if it's lower than the previous year. The supply of available homes is expected to remain tight, which still creates…

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A Hopeful Perspective On The 2023 Market

a hopeful perspective on the 2023 market

It's a new season in the real estate market, and we're ready to talk about it in a positive way. Below are reasons why you should have a hopeful perspective for this 2023 market.

1. annual home values are stable.

There is still high demand from buyers, and inventory is low —meaning that prices are not predicted to plummet anytime soon. For sellers, this means your equity is predicted to remain stable so far.

2. the market is normalizing.

Just because we aren't seeing a boom like in 2020, that doesn't mean the market is crashing. Instead, things are going back to normal. Let's face it — as much as the artificially lowered interest rates made mortgages more appealing and equity high for sellers,…

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2022 Housing Market Outlook

2022 housing market outlook

2021 was another extremely strong year in real estate. We saw one biggest booms in sales volume and prices in the last decade just keep getting stronger and stronger.

So what will 2022 hold? Are we headed for a crash, or will this keep going? Here's what experts are predicting.

prices

Despite the price bubble being the highest we've seen in over 10 years, most economist are predicting continued (albeit slower) increases that head towards stability. National Association or REALTORS chief economist Lawrence Yun says prices will rise another 5.7% above 2021’s already high numbers, with inflation alone accounting for a 4% increase. The rising prices will make housing affordability a continued issue, despite already…

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Top 3 Post-Covid Home Upgrades

It's no surprise that the year-long shift to staying at home has changed the things that homeowners value in their houses. What today's buyers are looking to upgrade as they shop for a new home has really changed because of this, and has changed which homes get swept up sooner when they hit the market. So if you're looking to put some new life into your home, see below for today's top investments (which you won't regret whether you sell or stay!).

#1: Outdoor Spaces

Outdoor spaces has been one of the biggest motivators for post-pandemic homebuyers. According to a recent survey by HomeLight, a referral service which surveyed over a thousand of agents across the nation, by far the number one desired upgrade were fire pits. Next came…

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