Posts by Andrew Morrell

Veterans in the legal weed industry face barriers to housing benefits

With the coming expansion of legal cannabis use in Illinois, real estate professionals need to be prepared for issues that may crop up in their transactions when state and federal laws clash, and one potential result of this mismatch is...

Agents support the rise of Hispanic homeowners

Hispanic people account for the majority of growth in the U.S. homeownership rate. We asked top-ranked agents how real estate professionals can help sustain that...

Foreign homebuyers pulled back last year amid global unease

Though the state with the largest share of home sales to foreign buyers was by far Florida, Illinois ranked as a major destination for buyers from two of the top five international markets. Find out which countries are sending potential...

Mortgage application activity remains high as rates stabilize

Find out the latest numbers for mortgage application activity, interest rates and what to look for in the near future, as markets expect the Fed to lower interest rates later this...

Realogy sues Compass over alleged illegal business practices

On the same day, Compass settled a lawsuit against one titan of the real estate industry while finding itself at the center of a new, explosive complaint from another...

Most consumers would wait up to 3 months before cutting the price on their home

Get inside the minds of sellers. A new study shows that a disconnect still exists between consumers putting their homes on the market and real estate agents, despite market forces that are making an impact on prices....

Zillow home value estimate adds new AI capabilities

Zestimates have reportedly been upgraded to incorporate artificial intelligence and machine learning capabilities that the company says will improve accuracy. But despite these touted improvements, the feature, which lets homeowners and prospective buyers see the estimated value of almost any...

Mortgage update for the week of June 24

The number of mortgage applications submitted during the week ending June 21 grew 1.3 percent, and rates on the standard 30-year fixed-rate mortgage continued their downward slide....

May pending sales report adds to positive summer housing forecasts

Less than a week after the National Association of Realtors reported stronger than...

CAR Opportunity Zone forum sheds light on a groundbreaking program

A provision within the most recent tax reform bill attempts to remedy the place-based polarization that's plaguing many communities across the country, including Chicago. CAR's Commercial Forum recently hosted a seminar on the issue, bringing together real estate professionals, community...

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