National News

Study: FSBOs sell for less than agent sales

  With ample technology available today, many homeowners who are looking to sell might think they can go it alone and still net the same price as they would when working with a real estate agent, but a recent

Foreclosure rates lowest in a decade

Are we seeing the light at the end of the tunnel? For the first time since February 2007, foreclosure inventory has fallen below 400,000. Black Knight Financial Services released a report showing that in July 2017 the number of

Millennial confidence in homebuying dipped to lowest point in 18 months

The millennial reputation is often one of rebelling against tradition. However, there appears to be at least one that is important to them. A recent survey shows that most millennials still want to buy and own a home —

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New co-living space hits Chicago

  Chicagoland’s rental market remains scorching hot. New luxury apartment buildings featuring high-class studio units are going up in neighborhoods close to the Loop, but renters who are looking for an affordable alternative to those places are being pushed

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Judge dismisses Zillow ‘Zestimates’ lawsuit

On Wednesday, a U.S. district court judge dismissed the Illinois lawsuit against Zillow’s Zestimate tool — a win for the Seattle-based real estate company. The original lawsuit was filed in May by a Glenview homeowner who claimed that the

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July new home sales dip after a successful June

According to new data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in July fell 9.4 percent to a rate of 571,000. “The year-to-date growth shows that

Everybody wants to be a millionaire: 346 new million dollar neighborhoods in U.S.

What would you do with a (couple) million dollars? If you are in the U.S., it looks like people are using it to buy homes. A report from Zillow shows that since 2014, 346 more neighborhoods have reached millionaire

The top five risks Americans consider when buying a home

As with any major investment, there is much to worry about when it comes to purchasing a home. For many potential buyers, the road to ownership is often blocked by personal hazards such as growing student loan debt, limited

Nearly one in four homes with a mortgage is equity rich

More than 14 million properties were equity rich at the end of the second quarter of 2017, according to the Q2 2017 U.S. Home Equity & Underwater Report from ATTOM Data Solutions. This makes up 24.6 percent of all

The hottest new trend in house hunting is…nature?

In today’s digital age, homeowners seem to be most keenly interested in one thing: getting in touch with the outdoors. According to new research most of them would even downsize their square footage to do so.  A recent survey conducted

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July home sales fall as inventory continues to constrict, Redfin reports

While home prices increased nationally in July, overall home sales declined, according to the latest report from Redfin. The median sale price in July rose to $293,000, a 6.8 percent increase from last year, but a slight 0.3 percent

Redfin: Chicagoland neighborhood one of country’s hottest

The Country Lakes neighborhood in Naperville is one of the top 10 Hottest Neighborhoods in the country, according to Redfin. The list is based on recent growth in home listing page views and favorites on Redfin.com. The median sales price

See which interior design style is preferred by Illinois residents

Dust off that gaudy chandelier and break out the lace: Victorian interiors are back in style, at least for some Americans. Though it may be surprising, a recent report from custom furniture brand Joybird reveals that Victorian-era designs are the most

U.S. home prices jump in Q2, surpassing 2016 high

High demand and low supply continues to push up home prices across the country, according to the latest quarterly report from the National Association of Realtors. The national median single-family home price increased 6.2 percent from $240,700 in Q2

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Overall housing starts fall in July while single-family starts remain steady

Builder confidence led to a solid single-family housing market in July while overall housing starts decreased, according to new data from the U.S. Department of Housing and Urban Development and the Commerce Department. A similar report from the National Association

More Americans are shying away from homeownership, survey finds

  Though the housing market may appear constantly abuzz with new buyers and sellers, an Experian survey has found that fewer and fewer Americans are interested in owning a home. In fact, 27 percent stated that they were not

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