National News
The demand for luxury homes slowed nationally in 2017, a new report from realtor.com shows. While sales in the upper tier remain strong, activity in the overall housing market exceeded the pace of luxury home sales across the country.
Virtual reality is the next revolutionary topic for 2018 in the world of real estate, Coldwell Banker found in a recent survey of 3,000 homebuyers. The new survey, conducted by Harris Poll, showed the desire for VR home tours,
Across the country, both home prices and demand for homes grew in 2017, driven by low inventory. As supply and affordability can be a hurdle for some homebuyers, many are still optimistic about their ability to receive financing even
The number of Americans who feel confident enough to buy or sell fell significantly in December 2017, undoing the previous month’s increase in confidence. According to Fannie Mae’s monthly Home Purchase Sentiment Index, which surveys 1,000 consumers about a
Credit scores among millennial homebuyers declined slightly from November 2016 to November 2017, according to Ellie Mae’s most recent Millennial Tracker report. The decrease in average credit scores of closed loans to millennials was most apparent for FHA and VA loans.
While the number of renters now outpaces homeowners — with about one-third of the country’s population living in rentals — 2017 saw the first year of a slight decline in renting households since 2004, according to a recent report from
The Chicago Association of Realtors announced Michelle Mills Clement as its new chief executive officer. Mills Clement, who is originally from Chicago, spent five years in Seattle, most recently as the president and CEO of the Commercial Brokers Association
The homeownership rate in the U.S. will continue its upward trajectory this year, Trulia recently predicted in its 2018 Housing Outlook Report. This comes on the heels of 2017, when homeownership experienced its first significant increase in 10 years.
Home prices are up both year-over-year and month-over-month, according to CoreLogic’s Home Price Index (HPI) and HPI Forecast for November 2017. From November 2016 to November 2017, U.S. home prices increased 7 percent year over year. Month-over-month, home prices
Illinois ranked as the sixth-most populous state in the country last year, according to the U.S. Census Bureau’s national and state population estimates. Previously ranked No. 5, Illinois, with a population of 12.8 million, was narrowly edged out by
Amid low inventory and soaring sales, home prices around the country continued to increase in October, according to the latest S&P CoreLogic Case-Shiller Indices. Prices were up 6.2 percent over last October and up from 6.1 percent in September.
On Dec. 27, Guaranteed Rate announced a new jumbo loan program that does not require mortgage insurance and accepts as little as a 10 percent down payment option for loans up to $3 million. The program, GR Flex Power, includes
Pending home sales saw small gains in November while existing home sales and price growth are expected to slow heading into 2018, according to the National Association of Realtors. The Pending Home Sales Index rose from 109.3 in October
The new year is just around the corner, and if you’ve resolved to make your living space come alive with color and unique accents alike, a new forecast can help you choose your new decor. Zillow recently released its Home
Housing affordability remains a growing problem across the country, according to a new study by mortgage resource HSH.com, which examined the 50 largest metro areas in the United States to determine the salary residents must earn to afford an
Bitcoin, the first ever cryptocurrency to function independent of a bank or middleman, soared last month from $5,870.37 per coin on Nov. 12 to $16,650.01 on Dec. 12, a 183.6 percent jump. As of Dec. 21, its value was