News / Features

NAR sues DOJ after the department withdraws from antitrust settlement
NAR sues DOJ after the department withdraws from antitrust settlement

The Justice Department’s original complaint against the National Association of Realtors, filed Nov. 19, 2020, alleges that the association enforced rules and policies that illegally hampered competition in residential real estate services.

Mortgage rates remain flat at 2.88%
Mortgage rates remain flat at 2.88%

“The net result for housing is that these low and stable rates allow consumers more time to find the homes they are looking to purchase,” Freddie Mac Chief Economist Sam Khater said.

Illinois ranks first among states with the highest foreclosure rates in August
Illinois ranks first among states with the highest foreclosure rates in August

Illinois had the highest foreclosure rate in the nation in August 2021, according to new data from ATTOM’s U.S. Foreclosure Market Report.

Pending home sales up 6% from 2020 despite dwindling listings
Pending home sales up 6% from 2020 despite dwindling listings

A decline in new home listings has had little impact on the market as far as demand is concerned, according to a recent Redfin report.

Why the future of exurbs remains uncertain
Why the future of exurbs remains uncertain

Over the past year, outer suburbs, or exurbs, have experienced a particularly intense boom. It’s those distant areas which saw the sharpest increase in interested buyers, according to Realtor.com.

Mainstreet Organization of REALTORS honored for diversity efforts
Mainstreet Organization of REALTORS honored for diversity efforts

The Mainstreet Organization of REALTORS was honored by the Daily Herald Business Ledger for taking initiative to promote diversity.

Median home sale prices increase 16% from 2020
Median home sale prices increase 16% from 2020

Even as the real estate market is showing signs of cooling and more sellers are dropping asking prices, median home prices increased by double digits from last year.

The FOOTE Team celebrates a new office space in West Dundee
The FOOTE Team celebrates a new office space in West Dundee

The FOOTE Team joined with Compass three months ago. Saturday, August 28, marked the official ribbon-cutting ceremony for their new office in downtown West Dundee.

Remembering Larry Klairmont, founder of Imperial Realty Company
Remembering Larry Klairmont, founder of Imperial Realty Company

Local real estate pioneer Larry M. Klairmont passed away peacefully on July 18, 2021. He was 94 years old.

New-home sales plummet in July
New-home sales plummet in July

Also during the month, the median sales price rose to $390,500 from $370,200 in June, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

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