National News

What $200,000 will get you in Chicagoland real estate

It’s no secret that some cities compared to others have larger asking prices for smaller spaces. PropertyShark wanted to test the logic and figure out what a homebuyer can get for their money in cities around the United States.

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Zillow: Monetary policy most likely cause of the next recession

The most recent quarterly survey by Zillow suggests that the U.S. will likely experience another recession come 2020. Pulsenomics LLC conducted a survey that asked more than 100 real estate experts and economists about their predictions for the housing

Market mismatch score drop leads to an increase in premium home searches

After two years, the difference between what buyers are looking for and sellers are providing is coming closer together, bringing the market mismatch closer to a match. Market mismatch can be defined as the measure of the price gap

Chicagoland top selling neighborhood
Home sales around Chicagoland pick up steam in April

Homebuyers are out in full force as home sales and prices around Illinois rose this April, according to Illinois Realtors. Illinois home sales, which include single-family homes and condominiums, totaled 14,478 of homes sold in April. The home sale

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Survey shows homebuyers want more technology use from agents

A new Owners.com survey found that homebuyers are looking for their real estate agents to use more tech-based tools. The survey sampled more than 1,000 homeowners, which they define as “those who purchased a home within the last four

Single women buying twice as many homes as single men, study says

While the overwhelming majority of homebuyers are married couples, it is women who make up the larger share of sales among single people, according to the National Association of Realtors. Single women are the second-most common homebuyer, accounting for

Luxury homes prices up nearly 8 percent in the first quarter

Luxury home prices rise nearly 8 percent to average sales price of $1.8 million in the first quarter of 2018, according to a new report from Redfin. An analysis of over 1,000 cities by Redfin indicates prices of the top five percent

Homeowners expected to spend tax returns on larger homes

With the latest tax plan that is expected to give Americans a larger tax return, many plan to spend their tax cuts on larger houses and home renovations in 2018, according to a new report from Zillow. Zillow estimates

Real Estate in Brief: Zillow lawsuit dropped, home flipping on the rise and more

A class-action lawsuit that charged Zillow with deceptive business practices designed to mislead consumers has been dropped. A Federal district court has dismissed the lawsuit last week. The lawsuit claims that Zestimates, Zillow’s algorithm-based property estimate tool, are commonly inaccurate as

4 highlights from the Realtors Legislative Meetings & Trade Expo

The annual Realtors Legislative Meetings & Trade Expo took place last week in Washington D.C. and covered a variety of topics impacting the real estate industry. Couldn’t make it to D.C. for the event? We share some of the

NAR: Home sales expected to increase in 2018 despite housing shortage

Home sales across America are expected to continue rising throughout 2018 thanks to the nation’s stronger economy. The National Association of Realtors’ Chief Economist Lawrence Yun predicted the increase in sales during his 2018 mid year forecast. According to

Homebuyers with lower credit scores pay nearly $21,000 more in mortgage costs

Determining how much they could spend on a home was the most frequently named financing concern among a third of all U.S. buyers during the home buying process. A major factor in what a homebuyer can afford is their

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Builders begin to refocus on entry-level homes

Low inventory is impacting home sales across the country and one of the categories that have been hardest hit are entry-level homes. However, according to the latest survey from Builder Online, builders are starting to hone in on starter

Real Estate in Brief: Expected home appraisals at best level in three years, and more

In the past year, appraisals are more likely to be in line with, or even higher than, owners estimate. Appraised values were just 0.33 percent lower than what homeowners expected, according to National Quicken Loans Home Price Perception Index.

Growing homeownership rate helps in increasing household wealth among Hispanics

Household wealth is increasing among America’s Hispanic population, according to The Hispanic Wealth Project’s 2018 Annual Report. The Hispanic Wealth Project has been working to achieve their goal set in 2014 of tripling Hispanic household wealth by 2024. One

Homes listed on Wednesdays sell for more than any other day

Listing your home on a Wednesday tends to be more profitable than listing on any other day of the week, according to a new study by Redfin. The study analyzed 100,000 homes sold in 2017 and compared the sales

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