Morning Minute: Hurdles for the housing market

NAR’s REALTOR® Magazine points to three hurdles that are affecting today’s housing market recovery including: less affordability as mortgage rates and home prices rise, the long-term impact of the 16-day federal government shutdown and rising flood insurance premiums. Read the full article from NAR.

In other headlines:

Elmhurst named bike-friendly community – Chicago Tribune

Employment Shows ‘Missing Households’ Still Weigh on Housing – Wall Street Journal

Chicago area September home sales up 25.6 percent (Video) – Chicago Business Journal

 

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.