Nearly one-third of homes for sale experienced a price drop of over 1 percent this October, according to a report by real estate brokerage Redfin. The report foreshadowed a market cooldown, finding October’s decline in home prices to be the largest number of

The Federal Housing Finance Agency, which oversees the federally owned mortgage corporations Fannie Mae and Freddie Mac, announced Nov. 27 it will increase its conforming loan limits for the third consecutive year in 2019. After not changing the limits

Chicago-based independent mortgage lender Guaranteed Rate announced Nov. 27 that it would expand its presence in Hawaii with the acquisition of assets and staff from local lenders including Honolulu HomeLoans (HHL) and Hawaii Lending Alliance (HLA). The company said

One of the largest residential real estate brokerages in the U.S., Berkshire Hathaway HomeServices, will open more international franchise locations throughout Europe and the Middle East. According to Bloomberg News, BHHS will partner with London franchisee Kay & Co.

The latest reading of the U.S. housing market — the S&P CoreLogic Case-Shiller Home Price Index for Sept. 2018 — showed yet another sign of sluggish price growth. S&P’s key 20-city composite index showed that home prices in the

After six months of declines, existing home sales posted a month-to-month increase in October, according to the October report from the National Association of Realtors. Total existing home sales rose 1.4 percent from September to 5.22 million single-family homes,

A joint proposal by three federal agencies released Nov. 20 could speed up an estimated 40 percent of residential real estate transactions in the U.S. by changing requirements surrounding appraisals. Under the proposed rules, certain residential real estate transactions

Whether hiring help or tackling a do-it-yourself project, home improvement is expensive, time consuming, and typically more than most have bargained for. However, homeowners are discovering that juggling home repairs are a lesser compromise when exchanging rent for mortgage payments.   The 2018 NerdWallet Home Improvement Report found that 44 percent

Chicago’s political establishment was roiled in 2017 after a joint investigation by the Chicago Tribune and ProPublica revealed that the Cook County Assessor’s office, then led by Joseph Berrios, had systematically undervalued residential and commercial real estate in certain

Senators Tim Kaine and Orrin Hatch have introduced a bipartisan bill that would expand the Fair Housing Act to include low-income families and veterans. The Fair Housing Improvement Act of 2018 expands the anti-discriminatory language of the original law

Heading into the winter months, many Americans are seeing the housing market cool off. According to ValueInsured’s Q4 2018 Modern Homebuyer Survey, 75 percent of Americans believe their local housing market is cooling off. Additionally, 67 percent of those

Ultra Violet was named the 2018 color of the year by Pantone. However, brash colors outside the “thoughtful” purple shade are seemingly best avoided when selling a home. “A fresh coat of paint is an easy and affordable way

Married couples continue to make up the majority of buyers, according to the National Association of Realtors’ 2018 Profile of Home Buyers and Sellers. Married couples accounted for 63 percent of all buyers this past year, while single females

Amazon announced that Long Island, New York and Washington D.C., Virginia will be the new locations of its second headquarters, ending the year-long public contest. The company’s raffle attracted 238 candidates only to end in a surprise twist: the division of Amazon’s

Customers favor digital origination channels during the mortgage process and are more satisfied with mortgage companies that integrate technology, according to J.D. Power’s 2018 U.S. Primary Mortgage Origination Satisfaction Study. Last year, mortgage customer satisfaction declined with respondents indicating

The National Association of Realtors has been cleared to add two new floors to its 12-story headquarters on Michigan Avenue in Chicago. The plan was first announced earlier this summer and NAR received its first construction permit earlier this month.