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Chicagoland Real Estate Update: Luxury homes are moving fast in Cook County, and more

The city of Chicago was named the best city to live in the U.S. in the 2018 Readers’ Choice Awards by Conde Nast Traveler. Chicago beat out 15 other large cities, including New York and Los Angeles. “Second city?

Illinois Realtors releases voter guide ahead of Election Day

Early voting ahead of the Nov. 6 midterm election has already begun throughout Chicago and Illinois, which means Realtors associations are ramping up their push to get the word out on their preferred candidates. In conjunction with the Realtors

MRED integrates Homesnap into MLS

Midwest Real Estate Data has integrated Homesnap, the public-facing brand of the Broker Public Portal (BPP), into its MLS system, becoming the first true consumer-facing app for MLSs. Homesnap uses real-time data from 160 MLSs to create a better

Tommy Choi on his new CAR presidency, his career plans and his love of Pearl Jam

Tommy Choi, co-founder of Keller Williams Chicago-Lincoln Park, began his term as president of the Chicago Association of Realtors Oct. 1 after being officially installed at the association’s annual inaugural gala Sept. 12. His inaugural address to guests in

Chicago Association of Realtors examines the ‘Past, Present and Future’ of fair housing

This year marks the 50th anniversary of the passage of the Fair Housing Act, part of the landmark Civil Rights Act of 1968 signed into law by President Lyndon B. Johnson. Real estate groups across the U.S. have marked

Chicago remains a national outlier on underwater mortgages

A crash in home values brought on by the recession resulted in more mortgage borrowers falling “underwater” on their home loans, or owing more in total debt than their homes were worth. But by the second half of 2018,

Thrillist, NAR rank Chicago's best suburbs for millennials

A common misconception is that millennials are shunning the suburbs and starting their lives (and their homeownership aspirations) in the center of major cities. But especially in places like Chicagoland, the old distinction between city and suburban living is

Related Midwest to close Related Realty

Related Midwest has announced that it will be closing its full-service brokerage, Related Realty. In lieu of the full brokerage, Related plans to open a “boutique brokerage” called Related Midwest Sales that will be focused on selling homes built by

The share of homes selling above list price continues decline, now below 2016 levels

As home price growth slows, the percentage of homes that are going for above their asking price is decreasing. For the four weeks ending on September 23, Redfin found that only 22.9 percent of the homes sold for more than their asking

Real Estate in Brief: New policy on reverse mortgages, Asian Real Estate Association of America conference, and more

The Federal Housing Administration (FHA) issued this Friday that a new policy will be implemented on Oct. 1, requiring second property appraisal on loans previously indicated by the FHA as potentially having inflated property valuation from reverse mortgage lenders.

The 10 healthiest housing markets in Illinois

SmartAsset completed a study to find the healthiest housing markets, or the easiest cities to sell a home, within the state of Illinois by evaluating stability, affordability, fluidity and risk of loss.  The company said they considered the number of years people remained in their homes and the

Chicagoland real estate update: Which city was named best place in US to retire?

Located 44 miles west of Chicago, Geneva, Illinois, has been named one of the best places to retire by Kiplinger.com. Geneva checks every box on the list for what retirees are looking for a small to mid-sized city without giving

Weichert Realtors Nickel Group joins BHHS KoenigRubloff Realty

Berkshire Hathaway HomeServices KoenigRubloff Realty Group announced that Weichert Realtors Nickel Group has joined its team as of Oct. 1. John Lawrence, broker/owner of Weichert Realtors Nickel Group, will lead the office of 56 agents as managing broker. Located

Bloomington-Normal Association of Realtors partners with MRED

Chicagoland’s multiple listing service (MLS), Midwest Real Estate Data (MRED), has welcomed Bloomington-Normal Association of Realtors (BNAR) as its newest association partner. BNAR is the fourteenth Realtor association to partner with MRED, obtaining one of the nation’s largest MLS related services.   Founded in 1921, BNAR now supplies resources

These Chicago ZIP codes have the largest share of millennials in the country

As millennials are expected to become the largest generation in history, it is no surprise the population’s location dynamic has been shifting. With Generation Y making up most of the labor force, millennials are following jobs that are relocating

Baird & Warner's Bill Coduto receives NSBAR's Realtor of the Year award

Bill Coduto, managing broker of Baird & Warner’s Barrington office, was named Realtor of the Year by the North Shore – Barrington Association of Realtors. “While running a high-producing large office, Bill stepped up to accept the responsibility of blending

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