Posts by Jason Porterfield

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...

What Matters to Real Estate Agents: Coldwell Banker weighs in

Best-in-class service, tools and support are keys to agent satisfaction, report...

Americans on the move: Illinois top state for outbound migration

The COVID-19 pandemic is accelerating migration across the country, following moving patterns that began in prior years, according to a new...

CoreLogic: December home prices rise at fastest rate since 2014 in Chicago, other markets

CoreLogic is predicting that, nationally, home prices will increase by another 2.9% by December 2021 as homeowners delay selling, inventory remains tight and interest rates stay...

Moving home gives young homebuyers an easy way to save for a down payment

Based on U.S. median one-bedroom rent, it would take 11 months to save for a 5% down payment for the median priced home in the...

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