National News

Median days on the market increases in Chicago and nationwide

Homebuyers nationwide had more time to make decisions in August with the first year-over-year increase in median days on the market since June 2020.

S&P Corelogic Case-Shiller Index: Chicago home prices rose 13.1% in June

Though home prices are still increasing across the United States, the rate of growth is slowing, according to the latest S&P CoreLogic Case-Shiller Indices.

Share of ARM applications hits highest percentage in 15 years

More borrowers are turning to adjustable-rate mortgages to save money as interest rates climb.

Compass cuts signing bonuses following Q2 market downturn

Compass revealed big losses — to the tune of $100 million — in its second quarter report. And as a result, the firm will no longer offer equity or cash incentives to new agents.

Mortgage rates fall to four-month low as buyers return to market

Homebuyers may catch a break this month as rates have come down nearly a point from the recent high on fears of a recession.

Mortgage rates fall below 5% — for the first time since April

The 30-year fixed-rate mortgage averaged 4.99% as of Aug. 4: down 0.8% from last week. The news marks the first time since April that mortgage rates have dipped below 5%.

The worst neighbor annoyances — ranked

Are your neighbors the worst? Whatever it is that grinds your gears, you can bet it comes in on this list of the top neighbor frustrations.

BidMyListing platform met with questions as it expands nationally

The platform, which recently announced its entry into markets across the country, is led in part by Josh Altman of Million Dollar Listing.

Federal Reserve raises interest rates by .75% — again

Matching June’s historic move, the Federal Reserve announced that interest rates are rising .75%. The target range for the federal funds rate now sits between 2.25% and 2.5%.

16.7% of Chicago home-purchase agreements fell through in June 

About 14.9% of home-purchase agreements nationwide fell through in June, the highest percentage in more than two years.

New Zillow tool helps military vets find VA loan-eligible condos

The tool takes the guesswork out of the home-shopping process by highlighting condos eligible for Veterans Affairs (VA) financing.

Half of Americans are brought to tears while buying a home

A new Zillow survey revealed that 50% of Americans cry while buying a home, with Gen Z and millennial buyers far more likely to shed tears at least once during their home-buying journey.

Property taxes across the U.S. rose to $328 billion in 2021

Property taxes across the U.S rose last year, but the hike was much lower than in 2020, according to a new report.  ATTOM found in its 2021 property tax analysis of almost 87 million single-family homes, $328 billion in

Baird & Warner wins Most Innovative Brokerage Award from Leading Real Estate Companies of the World®

The Chicago real estate brokerage’s Baird & Warner balance™ app was recognized nationally by LeadingRE.

Betty White’s Carmel home is for sale — look inside

For more than 40 years, Betty White lived overlooking the ocean in a custom beach house in Carmel-by-the-Sea, California.For more than 40 years, Betty White lived overlooking the ocean in a custom beach house in Carmel-by-the-Sea, California.

BHHS Chicago among nation’s top 10 BHHS brokerages

The Berkshire Elite Circle consists of the top 10 Berkshire Hathaway HomeServices brokerages in the nation — and Berkshire Hathaway HomeServices Chicago was named among the bunch.

New Subscribe

  • This field is for validation purposes and should be left unchanged.