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Market Demand & Inventory

Will Chicagoland housing demand increase or decrease over the next 12 months? Janet Owen: I think it will remain the same or decrease slightly. We have experienced a terrific 2015. I have had another record year. There may be

Confidence in the Economy

What challenges will the local, state and world economy see in 2016, and why? Liz Brooks:  We need continued improvement in job and wage growth in order for the housing market to continue to grow.  We will see an

What Buyers Expect

Some homebuyers are married – some aren’t. There are homebuyers who are veterans, and others who are accountants – buyers who have families and student loans and car payments, who are Millennials and Baby Boomers. Not every buyer is

The Evolution of the Single-Family Home

The average American single-family home has changed significantly over the past century. From outhouses to home automation tech, here’s how consumer demand has driven the evolution of the single-family

Single Female Homebuyers’ Fluctuating Share of the Housing Market

According to NAR’s 2015 Profile of Home Buyers and Sellers, single women made up 15 percent of the overall homebuying market, as opposed to single men, who only made up 9 percent of the market. In 2013, single women

Here Comes Generation Z

Millennials’ entry into the housing market is a popular topic, but a new generation is already poised to follow in their footsteps – Generation Z. Some aren’t even old enough to vote, but these kids are already thinking about

Managing the Internet: How Agents Can Set Expectations

In 2015, homebuyers are more sophisticated and savvy. They have adopted online tools, like Zillow’s home price estimator “Zestimate,” as critical additions to their home search preparations. But while the proliferation of available information on home prices and neighborhood

Baby Boomers Breaking the Mold

Downsizing is a natural progression in housing we’ve come to expect of older generations, such as the aging Baby Boomers, whose preference for high square footage is diminishing as their children leave the nest and retirement sets in. But

Recruiting for Teams

Many highly effective agents will find themselves at a crossroads at some point in their career. As client bases grow over time and referrals multiply, even the most talented agent will realize that there’s a limit to the number

What Age Problem? The ‘Aging Realtor’ May Not Be a Big Issue

There are roughly 1.118 million members of the National Association of Realtors, and they strike an impressive profile: Realtors’ median experience level is 12 years; their gross income is $45,800; 58 percent are female; and 42 percent have at

Real Estate 101: Training Rookies for Success

The real estate industry has changed tremendously over the last decade, and the way new agents learn the ropes and service their clients has also evolved. Agents and brokerages have weathered a market crash, a slow recovery and a

State of International Home Buying in Chicagoland

Some may find it surprising that the home of the Cubs has become a very attractive option for affluent foreign homebuyers, but anyone who keeps a close watch on the market will already be aware of the opportunities that

Being a Multilingual Agent: More Than Just Understanding Your Clients

There are 381 languages spoken in the U.S., according to the U.S. Census Bureau. Of course, not every one is spoken by a significant portion of the population, but some language groups number so many that real estate agents

Navigating Local Markets for International Clients

Local clients can be challenging enough for real estate agents to work with, but international clients pose their own set of challenges, including cultural and communication differences. Coldwell Banker’s Suzanne Gignilliat’s international clients are often sophisticated businessmen and -women,

Luxury Listings From Across the Globe

London, United Kingdom Bedroom: 4 Bathroom: 4 Square Feet: 5,426 Price: $16,386,991 Located at one of London’s most exclusive addresses, this Charles Street townhouse characterizes period style mixed with modern accommodations. Comprised of six floors, this rare property features

5 Foreign Markets…and What’s Wrong With Them

Last year represented the steadiest 12 months of recovery for the U.S. housing market since the economic meltdown in 2007, and foreign buyers and investors were major drivers behind the surge in home prices and sales. In 2014, foreign

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