According to a report from the National Association of REALTORS, the average homeowner’s net worth is approximately 41 times larger than that of the renter. Homeowners’ average net worth in 2010 ranged between $150,000 and $200,000 the report says,

At its Greenbuild Annual Conference & Expo today, the U.S. Green Building Council (USGBC) announced the launch of the Green Building Information Gateway (GBIG) Pilot for Illinois. The new gateway offers Greenbuild conference attendees three new resources for use

Builder confidence in the market for newly built, single-family homes improved slightly in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. The HMI rose one notch to 16 from a downwardly

When the mortgage crisis hit American homeowners full-force, companies offering “foreclosure rescue” and “loan modification” sprouted like weeds. Most promised troubled homeowners quick fixes for high fees, and failed to deliver after collecting their money, leaving families poorer and

The Consumer Mortgage Bureau has developed two new designation programs to define the Mortgage Industry in the wake of the S.A.F.E. Mortgage Licensing Act of 2008: the Registered Mortgage Professional (RMP) and the Licensed Mortgage Professional (LMP). On July

On Feb. 22, Chicago residents be able to cast their vote for the new mayor of Chicago. However, based on what you know right now, we want to hear who Realtors will be voting for when the time comes.

by Zipporah Porton One of the biggest incentives for homeownership right now is the subsequent tax deduction. However, a new reform might eliminate this opportunity. The National Commission on Fiscal Responsibility and Reform, a bipartisan commission President Obama created

Every fall, parents wave goodbye as their college-bound kids pack up their belongings, make the drive down university lane and prepare for football games, mid-terms and freedom. While college living is often associated with dorms and campus housing, Coldwell

As the only new high-rise in its neighborhood and one of the only new-construction condominium towers in Chicago to successfully emerge from the housing downturn, SoNo stands out both literally and figuratively. Now, the 199-unit development, with the distinctive

Orleans Homebuilders, Inc. announced that George E. Casey, Jr. has been selected to lead the Company as it completes its financial reorganization and emerges from Chapter 11, targeted for year-end. Casey will function initially as a special advisor to

Nick Libert joined real estate professionals from all over North America recently at the EXIT Realty International Convention at Hyatt Regency in Dallas, Texas and received recognition onstage for growing his office from 8 agents to over 30 in

Financially challenged homeowners who are at risk of losing their homes can now rely on The Foreclosure Defense Group (FDG), a Rosemont, Ill.-based firm that matches clients to attorneys who can fight lenders in court and work to completely

The 2010 Annual Kitchen Walk benefiting Designs for Dignity (d4d), raised more than $50,000 and was attended by 350 guests who experienced a day of culinary delight in Harbor Country, Mich. on Oct. 16. The afternoon extravaganza showcased innovative

Boughs of holly won’t be the only colorful décor decking the halls of four distinctive Oak Brook homes soon to be on public display. Indeed, visitors who partake in the seventh annual Hinsdale Center for the Arts Holiday Home

A group of Chicago-area lawyers concentrating in real estate practice has formed the Association of Foreclosure Defense Attorneys to share information and better help clients facing questionable foreclosures. The association is the first of its kind in Illinois. The

More than half of Illinois counties reported gains in the median home sale price during the third quarter of 2010 compared to a year ago despite the post-tax credit slowdown in sales activity. According to the Illinois Association of