Posts by Jason Porterfield

Home prices hit 15-year high nationwide
Home prices hit 15-year high nationwide

Prices in the Chicago metro area were up 6.3% over February 2020 with “normal” market condition...

Chicago home price increase doubles national average
Chicago home price increase doubles national average

The median price of a home in the U.S. reached its highest point in 13 years last month as inventory continued to...

Millennials dominate homebuyer market as Gen Z enters
Millennials dominate homebuyer market as Gen Z enters

Eighty-eight percent of all homebuyers said they used an agent as a source of information during their search, and 91% of millennials age 22 to 30 said the...

Underwater homes down in metro Chicago
Underwater homes down in metro Chicago

Nationally, homeowners with mortgages saw their home equity increase by 16.2% year-over-year from the fourth quarter of...

Chicago ranked 9th most in-demand city based on 2020 mortgage loans
Chicago ranked 9th most in-demand city based on 2020 mortgage loans

The mortgage lender looked at the average salaries of successful applicants in each city, their average FICO credit scores, the average size of their loan requests and the median list price for that...

John Lawrence to manage Berkshire Hathaway Elmhurst office
John Lawrence to manage Berkshire Hathaway Elmhurst office

Berkshire Hathaway HomeServices Chicago has promoted managing broker John Lawrence to manage the company’s Elmhurst...

NAR finds fewer Black Americans own homes than other groups
NAR finds fewer Black Americans own homes than other groups

NAR put together its “Snapshot of Race and Home Buying in America” report to study the hurdles that persistently block minorities from owning...

Searches for $1 million-plus homes highest since 2017
Searches for $1 million-plus homes highest since 2017

In Chicago, 4.4% of last year’s Redfin searches were for homes priced higher than $1...

Chicago among the few cities where low-income housing hurts home prices
Chicago among the few cities where low-income housing hurts home prices

The study largely dispels a long-held belief that nearby homes lose value once low-income housing is built in an...

@properties designates top Detroit brokerage its first franchisee
@properties designates top Detroit brokerage its first franchisee

The firm is Detroit’s top residential broker for downtown and the city’s top brokerage for adaptive-reuse and new-construction...

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