News / Features

The Montlake ‘Spite House’

At its widest point, the house measures 15 feet across. At its narrowest, just 55 inches — barely big enough for a standard doorway.

zillow memo
Zillow outlines private-listing ban set for May 28 rollout 

The online marketplace fleshed out the rules of its new listing access standards policy that was unveiled in the wake of the National Association of REALTORS’® Clear Cooperation update. 

Illinois REALTORS®: Home sales slow in April as prices rise 

The summer is expected to bring an uptick in the pace of home sales, the association said. 

Debunking 80/20: New data shows it’s 65/20

New data released by CoreLogic/Cotality, and examined by noted industry researcher Mike DelPrete, contradicts this commonly held notion, however, and shows that the ratio is actually closer to 65/20.  

This mansion has a literal man cave

Although it looks like a typical luxury log home from the driveway, the basement has been turned into a concrete cavern, accessible from a hidden “miner’s-style” entrance.

RE/MAX: Chicago home sales rise year over year in April 

Nationally, home sales slid 1.4% year over year but increased 11.3% month over month, RE/MAX said. 

MRED: New listings hit new high for the year last week  

At the same time, listings under contract declined, and closings rose. 

Former Peerage Realty CEO Swartzman to become Christie’s International president 

The appointment, announced at Christie’s International Real Estate’s recent annual conference, will take effect in June. 

Gateless integrates Fannie Mae’s Income Calculator to improve self-employment income analysis

Gateless has integrated Fannie Mae’s Income Calculator into its automated mortgage-underwriting package, which will enable lenders to quickly and accurately calculate income from self-employment, business ownership or rental properties.  

Mike Buffler joins Rate to expand services for entertainment clients

Mike Buffler, a 13-year veteran of the entertainment banking industry, has joined Rate to provide flexible, strategic mortgage solutions for its athlete and musician clients nationwide. 

NAHB: Builder confidence drops in May on tariff uncertainty 

The association noted, however, that 90% of the responses to its survey tracking homebuilder sentiment were received before the announcement of a 90-day reprieve in U.S.-China tariffs. 

NAR: Affordability gap persists despite improvements in housing supply

Driven primarily by the construction boom during the pandemic, the housing market has seen some improvements in affordability, but homes remain out of reach for many would-be buyers.

NAR names REACH class of 2025 

The real estate-technology firms will receive help scaling up their businesses from the association’s strategic investment arm, Second Century Ventures. 

Chicago is a Midwest leader of the micro-housing movement

For many renters, like new grads, people who travel frequently for work, recent divorcees or young couples, living small just makes more sense.

mortgage applications
MBA: Mortgage applications rise as housing inventory increases 

The most recent Weekly Mortgage Applications Survey shows homebuyer activity continued despite the economic uncertainty. 

MRED: New listings hit high for the year in Chicago last week 

Listings under contract were also probing new heights for 2025, according to the MLS’s Weekly Market Snapshot. 

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