National News

Real estate in brief: Flipping, remodeling and more
Real estate in brief: Flipping, remodeling and more

Stories about home flippers hiring Uber and Lyft drivers, more people taking on remodeling projects, the passage of a hero to homeowners and the importance of grocery stores to home sales all figure in this week's national roundup.

Indicators leading you into the summer market
Indicators leading you into the summer market

When examining forward-looking data like pending home sales, new-construction activity and listing traffic, the news for the market overall isn't stellar. But there are a few bright spots for Chicagoland real estate professionals in particular: The Midwest is proving to be more robust than other regions, and moderately priced homes are still in high demand.

The Airbnb lending puzzle
The Airbnb lending puzzle

The mortgage lending industry and its public referees have responded to short-term rentals with more accommodation than restriction, a positive development for homeowners who hope to earn income through a short-term rental platform. Not only is it possible for homeowners to potentially secure more favorable financing terms on their primary residences if they are renting them out — they also have the same opportunity to do so if they purchase a second home.

Deciding between Airbnb and traditional property management
Deciding between Airbnb and traditional property management

Whether you work in property management or your clients are looking for advice on how to capitalize on these opportunities, it’s important to consider the ways managing a short-term rental property differs from managing one for long-term tenants. Here are a few key factors to weigh before making a decision.

Real estate in brief: Tariffs hit remodeling, explaining REOs and more
Real estate in brief: Tariffs hit remodeling, explaining REOs and more

Home renovations are getting more expensive due to tariffs, the real FHA problems beyond the to-do over REOs and Oreos, and the DOJ digs into buy-side competition: All items we're monitoring in this week's national news roundup.

The view from D.C.
The view from D.C.

Every year at their legislative meetings, the National Association of Realtors sends members and government affairs directors to meet with their representatives on the Hill to lobby for change, usually with a list of talking points that are important on a national level. But Chicagoland real estate professionals were on hand to bring local issues to to fore as well. Find out what topped the issue lists.

April existing-home sales send mixed messages
April existing-home sales send mixed messages

Nationally, existing-home sales finished the month of April some 0.4 percent below last month's rate and 4.4 percent lower than April 2018. But those same figures looked brighter when researchers zeroed in on Chicagoland.

Real estate in brief: Trump at NAR, Redfin-RE/MAX split and more
Real estate in brief: Trump at NAR, Redfin-RE/MAX split and more

NAR announces President Trump will address Midyear attendees this Friday, RE/MAX breaks their agreement with Redfin, Zillow doubles down on iBuying and more in our national news roundup.

Redfin unveils latest move against buyer agent commissions
Redfin unveils latest move against buyer agent commissions

Redfin Direct has been in testing phases in the Boston market since March, and its next market is expected to be Virginia. The new program provides a way for unrepresented buyers to have a seat at the negotiating table without an agent occupying the one next to them.

Sellers confident, but need agents’ help
Sellers confident, but need agents’ help

While it may be natural to assume sellers are stressing about duties that tend to fall outside of the bounds of agents and brokers, such as mortgages or moving, the survey also showed that the item at the top of the list of most respondents’ lists of concerns was getting a home ready to sell.

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