National News

This Week in Chicago Real Estate: New 140-unit project coming to Humbolt Park, development in the West Loop, and more

Lots of interesting things happened this week in the world of real estate. Notable stories this week included a new 140-unit multifamily project coming to Chicago’s ‘Hipster Highway,’ a map of the numerous developments in the West Loop, and

Appraising solar: a new approach

By the end of 2016, the Department of Energy estimates 1 million homes will be equipped with a solar energy system. And still there is no definitive way to value those systems in appraisals. A new report from the

7 Baby Boomer housing needs you should know

At 75 million strong, the Baby Boomer generation comprises just over a quarter of the U.S. population, and as such, it wields considerable sway on the direction of the country’s economy – particularly in the area of housing. Indeed,

FinCEN expands luxury real estate money laundering investigation

In January, the Financial Crimes Enforcement Network, a division of the Treasury Department, announced two Geographic Targeting Orders, or GTOs, to monitor all cash luxury transactions in both Manhattan and Miami. The purpose was to help authorities identify possible

How fast can a new home be built in Illinois?

There are a number of circumstances under which a home can be built, but in 2015, homes built for sale went up faster than any other, according to a new report from the National Association of Homebuilders. In a

5 apps helping agents stay safe on the job

Real estate is a people business, and unfortunately, dealing with people can be dangerous. Agents need to make their safety a priority, because not every brokerage will do it for them. According to a report from the National Association

Chicagoland home price growth leads the nation in new Case-Shiller

Monthly home price growth in Chicagoland was the strongest in the nation, according to the new Case-Shiller Home Price Indices from Standard & Poor’s. The leading home price metric in housing, the Case-Shiller, found that Chicagoland home prices rose

Future labor shortage may be imminent – Blame it on the Boomers?

Today, builders are facing a serious labor shortage. A few years from now, that shortage could get even worse. In a new report from John Burns Real Estate Consulting, the research group’s vice president and chief demographer, Chris Porter,

How have Trump condo values done over the past year?

After a roll call vote on Tuesday in Cleveland, Donald Trump was officially nominated as the GOP’s presidential candidate. Unfortunately, his domination in Republican polls has done little to stymie the falling value of his once-coveted branded condos. In

Four things to know about ultra-high net worth clients

Jerry Seinfeld lives in a $32 million mansion. Michael Jordan is currently selling his $16 million estate, complete with nine bedrooms, 17 bathrooms and a full-sized basketball court – which, according to Zillow, includes locker rooms, showers and a lounge

Charlie Young the new president/CEO of Coldwell Banker Real Estate

Coldwell Banker Real Estate has announced the appointment of Charlie Young as the brand’s president and CEO, which will take effect Sept. 1, 2016. Young has been president and CEO of ERA Franchise Systems LLC since 2009, and prior to

Americans say the best candidate for housing is…

In less than a year, either Donald Trump or Hillary Clinton will be president. One of them will set the policies that will impact housing over the next four years. In a recent survey from Trulia, the listing site found

Realtor.com economist – “best summer for residential real estate in a decade”

Jonathan Smoke is the chief economist for realtor.com, and in a commentary he recently wrote for CNBC, he suggested the nation’s current economic arrangement is a “nearly perfect scenario” for this summer’s real estate market. “During the boom, loose

7 essential things to know about foreign homebuyers in 2016

NAR’s latest survey of international buyers, which the association conducts annually, provided some keen insights into the U.S. housing market and the role that foreign consumers play. Here were the seven most notable findings from the survey: 1. Falling

Architects answer “what do homeowners want?”

Trends in home design over this year’s first quarter are treading familiar territory, with higher-end homeowners building bigger and, for another year, informal spaces, open space layouts, and access in and out of the home proving the most sought-after design

Redfin announces new tool for agents

Redfin this week released its newest tool Opportunity Score, which will measure the number of jobs within a 30-minute, car-free commute from a particular address, giving agents yet another tool and credential to use in their listing presentations and

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