National News

Are Millennials Doing Better than Initially Thought?

More underemployed college graduates work in the office sector than service One of the common beliefs about the current job market is the underemployed college graduate being forced to work as a barista, or another form of unskilled labor for

Why are Fewer Single Women Buying Homes?

Why has homebuying among single female consumers declined in recent years? During the mid and late stages of the housing boom, one of the more commonly reported success stories was that of the single female homebuyer. As tracked by

NAHREP Appoints New Board Leadership for 2016

The National Association of Hispanic Real Estate Professionals (NAHREP) has appointed Leo Pareja as their new president elect, as well as four new additions to the board, according to a statement released by NAHREP. “Leo Pareja is an outstanding

Accused Beverly Carter Murderer Files Motion to Change Plea to ‘Not Guilty’

Aaron Lewis, the man accused of kidnapping and murdering Beverly Carter in 2014, has filed a motion to change his plea to not guilty, due to mental diseases or defect to a defense of general denial. Carter was a

Can Chicagoland’s Cash-Strapped Renters Become Buyers?

Nearly 957,000 renters in the Chicagoland housing market struggle with the cost of housing, according to a new report from the Joint Center of Housing Studies at Harvard University. Titled “America’s Rental Housing,” the center’s report examined how low

U.S. Job Growth Exceeds Expectations

The 2015 job market finished out the year on a high note The economy added 292,000 jobs in December, while the unemployment rate held steady at 5.0 percent, according to the latest report from the Bureau of Labor Statistics.

3 Real Estate Trends That Will Not Change in 2016

Some Americans think 2016 will offer more of the same for housing Earlier this week, we reported on a new realtor.com study, which featured a largely positive list of trends that will change heading into 2016. Trulia published their own survey of

Green Features Remain Important to Homebuyers

“Green” and energy-efficient features remain important to homebuyers, though some options are more sought-after than others. That finding came courtesy of NAR’s 2015 Profile of Home Buyers and Sellers, and to parse through the results, we put together the

MBA: Mortgage Applications Fall Considerably in Late December

According to Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 1, 2016, mortgage applications decreased 27 percent from two weeks prior. Refinancing mortgage activity decreased to 55.4 percent of total applications, from 56.1 percent the previous

5 Real Estate Trends to Expect in 2016

How will the 2016 housing market take shape? When all the statistics are tallied, 2015 will likely have been the best year for new home sales since 2007, which has raised expectations for 2016. Realtor.com has highlighted five housing trends

Tight Inventories Push Down Pending Home Sales

Pending home sales in November declined for the third time in four months as buyers continue to battle both rising home prices and limited homes available for sale, according to the National Association of Realtors. The Pending Home Sales

Chicago Ranked Third Most Affordable ‘Hot Job Market’

Chicago has the third most-affordable hot job market, according to a resource set up by Indeed and realtor.com. Fifty-nine percent of homes in Chicago were considered affordable. The sites set out to determine which major metro areas had both a

How Large Can Chicago Millennials Live in 2016?

Millennial wages don’t go very far for homebuying Millennials’ difficulty with homeownership has been a major concern for local agents in recent years, with 31.5 percent of 18-to-34-year-olds living at home. But what about those who do buy homes? What can Millennials

CFPB Takes Reassuring Tone Among TRID Complaints

Existing-home sales fell more than 10 percent in November, marking the slowest sales pace in 19 months and possibly serving as quantifiable proof of the effect TRID is having on the industry, according to National Association of Realtors Chief

The Top 10 Stories of 2015

Our real estate coverage in 2015 ran the gamut, from new construction, to lending, to the hottest markets in the Chicagoland area. Click through to see what stories were the most

Homeownership Out of Reach for Many Chicagoland Renters

Stagnant wages and high rents combine to push homeownership out of reach for thousands of Chicagoans Nearly 957,000 renters in the Chicagoland housing market struggle with the cost of housing, according to a new report from the Joint Center of

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