National News

Nearly half of new homeowners face unexpected renovations

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

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Cook County property assessment appeals are on the rise. Which communities are seeing the highest tax increase?

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 introduce updates to the Fair Housing Act

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

Americans believe the housing market has cooled

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

Real Estate in Brief: Number of Americans using real estate agents at all-time high, and more

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, single females continue to dominate the housing market

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

Real estate in brief: Amazon HQ2 impact on housing, Zillow announces new leadership and more

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

How technology plays crucial role in customer mortgage satisfaction

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

National Association of Realtors scores permit for headquarters renovation

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.

Real Estate in Brief: Tiny homes in big demand, technology makes for better customer service and more

Americans are discovering the big benefits of smaller living, as CNN Business reported the growing demand for tiny homes. A recent National Association of Home Builders (NAHB) survey found that over half of Americans would consider living in home

Post-9/11 veterans struggle with housing affordability

With more than 20 million U.S. military veterans in the United States today, it’s important to recognize the specific challenges that they face when they reenter the job and housing markets as they return home. A new study from

Generation Z is saving for homeownership by age 25

Generation Z is just starting to come into adulthood, but they are already preparing for homeownership, according to a realtor.com survey. The study found that those in Gen Z (ages 18 to 24) who are interested purchasing a home are two times more

Real Estate in Brief: Moms are moving to more affordable markets, rent hits new highs and more

A new Zillow analysis found that women with a newborn searched for homes in a market where houses cost $11,500 less than their previous market, whether or not they moved with a partner or family member. For some, this transfer between markets

Real estate community remarks on new Congress after 2018 midterms

With the midterm elections resulting in a split Congress, many national housing and finance organizations expressed cautious optimism for the future — though several key issues remain in question as 2018 draws to an end. The Center for Responsible

Renters more likely to struggle than homeowners to meet basic needs

Housing, regardless if you rent or buy, can be a pricey expenditure. But for renters, missing monthly payments may lead to severe consequences like damaged credit scores to being evicted. For some renters, these monthly payments put pressure on

National Association of Realtors installs 2019 leadership

John Smaby was installed as 2019 president of the National Association of Realtors during the 2018 Realtors Conference & Expo. Smaby was the 2018 president-elect and the 2017 first vice president. Smaby has also held numerous positions nationally and

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