National News

Home sales decline for third consecutive month while prices rise

For the third month in a row, there was a decline in home sales in September. However, the average home sale price continues to rise. A recent Redfin report shows that in September, home sales fell by 8.1 percent —

Olympian Michael Phelps to speak at National Association of Realtors conference

More than 20,000 Realtors, industry experts and guests will be in Chicago from Nov. 3-6 at the 2017 Realtors Conference & Expo, themed “The Sky is the Limit.” Saturday’s general session keynote address will be presented by 23-time Olympic

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How many working hours does it take to buy a home?

The ability to own your own home is a dream for most Americans, but depending on which part of the country you live in, that may require more working hours than in other locations. A recent report from How Much

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Chicagoland homes being snatched up in record time

Anyone involved in the sale or purchase of a home has likely dealt with some effects of a tight inventory, which has been coloring the residential market across the country this year. Housing data shows that whenever homes do go

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And the award goes to…

It’s barely October, and awards season has begun. It’s the Agents’ Choice Awards that get us started down this road, and I didn’t hear anyone thank me, which seems like a big miss. I’ll forgive you, partly because I

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Rising sea levels pose biggest threat to owners of less-expensive homes

It’s common knowledge that ships and boats can sink, but can you imagine a sunken community? A recent report revealed that $916 billion worth of U.S. homes could end up underwater due to the sea level increasing by just

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Suburban rules: Majority of new homes built in community association

A recent survey shows about six out of every 10 homes built in 2016 were built within homeowner’s or community associations. The U.S. Census Bureau’s Survey of Construction (SOC) defined homeowner’s associations as “formal legal entities created to maintain common

Predictive analytics preferred over realty AI, says survey

According to a recent survey from Imprev Thought Leadership, two out of three real estate executives favor newer technology such as Predictive Analytics, Marketing Automation and Big Data for future business, while less than half are willing to invest

Home value perception gap narrows for fourth consecutive month

Although homeowners and appraisers don’t see exactly eye to eye on home values, the gap is narrowing, according to the latest National Quicken Loans Home Price Perception Index (HPPI). According to the September update, appraisers’ valuations were 1.14 percent

Alexa, order me a house?

After becoming everyone’s go-to online shopping mecca, formidably contending with Hulu and Netflix and even upending the grocery industry by buying Whole Foods, it’s clear that Amazon is in the business of disrupting just about any industry it chooses.

New flooring trends for single-family homes

The trends they are a changin’. Resilient — or vinyl — flooring is out, and real hardwood floors have reemerged as the leader in the flooring market. A new report from Home Innovation Research Labs shows that in the last 12

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Millennials want smarter homes over starter homes

Millennials are interested in smart homes, and are willing to pay more for them. Because these 18- to 35-year-olds represent the first generation born into the digital age, they are thought of with negative connotations like laziness and vanity.

What baby boomers want in their next home

In a recent poll about what baby boomers want as they move into retirement, many said they are looking for homes near their grandchildren and homes with a multi-car garage and storage. According to the Del Webb Baby Boomer

Matt Difanis installed as President of Illinois Realtors

Realtor Matt Difanis has been installed as the 2018 President of Illinois Realtors. He is a co-owner of RE/MAX Realty Associates, with offices in Champaign, Mahomet and Monticello. Difanis took his real estate pre-licensing coursework in 1998 while still

Dan Wagner installed as President-elect of Illinois Realtors

Realtor Dan Wagner has been installed as the 2018 President-elect of Illinois Realtors. Wagner is the senior vice president of government relations for the Oak Brook-based Inland Real Estate Group of Companies, one of the nation’s largest commercial real

Home sweet (haunted) home?

Are prospective buyers willing to make a haunted house their next home, or would they rather run screaming to the hills? That’s what Realtor.com set out to decide in its recent Haunted Real Estate survey of more than 1,000

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