National News

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Homeowners and appraisers come closer to seeing eye-to-eye on home values

A home appraisal is a crucial step in homebuying and selling, but often times homeowners and appraisers do not see eye-to-eye on the value of a home. According to Quicken Loans’ National Home Price Perception Index (HPPI), the average

Luxury home prices saw strongest growth since 2014

For the first time since 2014, luxury home prices saw stronger price growth than homes in the bottom 95 percent of the market, according to the latest report from Redfin. Luxury home prices rose 7.5 percent in the second

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Housing sentiment falls in July after last month’s record high

The Fannie Mae Home Purchase Sentiment Index (HPSI) saw decreases in three of the six components in July, leading to an overall decline of 1.5 percentage points to 86.8 in July after June’s record high of 88.3. However, it

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Redfin stock struggles to find its footing

After its share price exploded in early trading, Redfin stock has fallen back to earth — though the company is still bullish about its long-term prospects. After debuting on July 28 at $15 per share, the real estate technology firm quickly spiked,

Rising rents are leading to a larger homeless population nationwide, study says

It’s easy to see America’s rents are skyrocketing, but some of the most drastic effects of this trend often go unnoticed by the average consumer. According to a recent Zillow report, higher rents are leading to a larger homeless

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Report: Housing demand dipped in June

The number of people seeking new homes slipped 4.3 percent in June — albeit from an all-time high in May, according to the most recent Redfin Housing Demand Index. In the index, 100 represents the historical average for the three-year

Chicago’s growing interest in Miami luxury real estate: a Q&A with Million Dollar Listing Miami’s Chad Carroll

Miami is one of the hottest international real estate markets in the U.S., with a reputation for attracting buyers from a number of countries including Colombia, Venezuela and the United Kingdom. However, domestic interest is also growing in the city, specifically

Home renting is at a 50-year high, report finds

Due to lingering effects of the 2008 housing crisis, renting has become a widely popular option for those hoping to combine an independent lifestyle with affordability. In fact, more Americans are actually renting a home than at any point

Down payment misconceptions may deter first-time homebuyers

Over the last decade, homeownership rates in the U.S. have fallen drastically, with an average of 63.4 percent in 2016 compared to 69 percent in 2004. The 2008 financial crisis has been largely blamed for the swift decline, but

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Illinois ranks No. 11 among U.S. public school systems

A new report from WalletHub finds Illinois ranking at No. 11 in a list of the country’s best and worst public school systems. The state had an overall score of 58.32 overall and ranked Nos. 9 and 21 in

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Report reveals ways to satisfy first-time homebuyers

The recent J.D. Power 2017 Home Buyer/Seller Satisfaction Survey shows there are key things real estate agents can do to make first-time homebuyers and sellers more confident throughout the process. And with recent upticks in home sales – which

Multigenerational homes becoming more popular for aging buyers, report says

As inventory tightens and Baby Boomers begin to age, more Americans are turning to multigenerational homebuying. According to the reNEWable Living Home survey conducted by Builder magazine, multigenerational homes have proven to be easier on the wallet while also

Homeowners saw an average price gain of $51,000 in Q2

According to the Q2 2017 U.S. Home Sales Report from ATTOM Data Solutions, homeowners who sold their homes in the second quarter saw an average price gain of $51,000 since their purchase. This is the highest price gain for

Black, Hispanic homeowners hit the hardest by the housing collapse

One of the main ways for people to gain wealth is through real estate. When the housing market collapsed in 2007, homeowners’ equity (HOE) dropped significantly for everyone. But according to a new report from the Federal Reserve Bank

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Amazon, Redfin plan expansion of their real estate services

Both Amazon and Redfin have sparked conversation within the real industry this month. Amazon is making waves with the possible introduction of a new marketplace for Realtors. Redfin has served notice by going public with the goal of investing

Not just millennials: Baby boomers want walkable neighborhoods too, study says

Millennials are known for their desire to live in cities with busy nightlife and easy access to outdoor activities. But this need doesn’t only apply to Generation Y — it turns out baby boomers want walkability in their neighborhoods as

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