National News

How Chicagoland Will See 300,147 New Homebuyers Enter the Market

Hundreds of thousands of potential homebuyers will be boomeranging back to the housing market over the next seven years. The Chicagoland area is poised to see more than 300,000 potential homebuyers enter the housing market fray over the next

The Best Development in Housing? We Have It Right Here

Existing-home sales may have bounced back to life in Dec 2014 (and carried median sales price to its highest mark since 2007), but that was hardly the most encouraging piece of news in NAR’s latest housing report. No, that

Pending Home Sales Lose Strength as Year Ends

Pending home sales took a step back in December, but remain well above 2013 levels. The National Association of Realtors released its newest Pending Home Sales Index today, finding that despite persistently low interest rates, December pending home sales

Supreme Court Hears Arguments Against Landmark Housing Equality Legislation

The Federal Housing Act has helped curb housing discrimination since the late 60s. A new lawsuit could see to extend those protections or limit them.   On April 4, 1968, a historic date by any measure, civil rights leader Martin

New Home Sales Price Sets New Record in 2014

New home sales may have disappointed in 2014, but median sales price was an entirely different matter. December may have capped off a lackluster year of sales for newly built single-family homes, but when it came to the median

ListHub Releases New Details on Zillow Split

ListHub publishes letter offering new details on their forthcoming split with Zillow, while Zillow finds new MLS provider. In a bombshell statement released in early January, Zillow announced that as of April 7 the listing portal would no longer

Chicagoland Home Prices Moderate Further in New Case-Shiller

Home prices in the Chicagoland area did not set the indices on fire in the latest Case-Shiller. Home prices in the Chicagoland area continued to moderate in November, falling 1.1 percent from October but rising a modest 2.0 percent

December Sales Hit 7 Year Peak, Threaten Affordability

Strong late year sales emphasize the presence of persisting demand, but low inventory could lead to eventual affordability problems. Existing-home sales faltered moving into the deep winter months, but according to a new report from the National Association of

Are Mortgages Any Easier to Come By? In a Word: Somewhat

Everyone knows that lending standards today are relatively restrictive by historic standards, but are they loosening up at all as housing and the economy improve? To find out, we took an exclusive look at CoreLogic’s Housing Credit Index (HCI),

Mortgage Applications Continue to Gain, Up 14.2%

Mortgage applications increased 14.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 16, 2015. This comes a week after an incredible 49 percent surge. The

Is 2015 the Year For Buying And Selling?

Realtor.com Chief Economist Jonathan Smoke states that 2015 is the year of recovery, and there are several factors at play that will make 2015 a better year for real estate: 1. Lending is becoming less restrictive, and programs are

How Falling Oil Prices Could Hit the Mortgage Industry

Oil is pushing its way down to below $47.50 per barrel as of Jan. 12, and there’s no sign it’s going to change anytime soon. Saudi Prince Al-Waleed bin Talal said in an interview with USA Today that the

Mortgage, Appraisal Fraud on the Decline

Mortgage fraud has tumbled over the last year as increased regulation pushes the bad seeds out of the industry, the U.S. Department of the Treasury Financial Crimes Enforcement Network’s FinCEN report said. However, the situation that the appraisers are

How Much the FHA Premium Cut Will Actually Save Borrowers

Recently, the Obama Administration announced, with much fanfare, that it was directing the Federal Housing Administration to reduce annual mortgage insurance premiums by 50 basis points, from 1.35 percent to 0.85 percent, as part of “major new steps” to

Realty Rewind

The Top 20 Agents in Chicagoland Sold 7 Percent Of Chicagoland’s Total Sales Volume Chicago Agent’s Real Data came out on Monday, and interestingly, the top 20 agents in Chicagoland sold 7 percent of the six counties’ total sales

Is Print Still an Effective Real-Estate Marketing Tool? Simple Steps To Find Out

By Peyman Aleagha For decades print marketing has been one of the primary ways real estate professionals have marketed their brand, advertised their listings, and reached out to buyers and sellers in their market areas. My company, WebsiteBox, conducted

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