Posts by Jason Porterfield

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

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

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 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

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

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

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

Chicago among the few major markets with declining rents

“In the final months of 2020, single-family rents posted the highest increases in over four years,” said Molly Boesel, principal economist at CoreLogic. “However, single-family rent price reaction to the pandemic and resulting recession differed greatly across...

Zillow finds home values growing faster in Chicago than in suburbs

Zillow’s national figures showed high demand for housing in urban areas helping values in cities keep pace with those in the...

Mortgage delinquency rates higher than 2019, but dropping

“The consistent decline in serious delinquency since August is a sign of growing financial stability for families,” said Frank Martell, president and CEO of...

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