The top reason why long-time searchers have not purchased a home is because 40% say they were outbid.

The report added that vacation homes and affordable homes in small towns near major urban centers were in strong demand as a result of the pandemic.

Welcome to our Top Producers/Real Data issue, which highlights those who made waves in the 2020 Chicagoland market.

The ad is part of their national brand campaign, Believe You Will, which encourages the power of positive thinking and believing you can accomplish your goals.

Fence-sitters thinking of buying a home beware, says a new study from Zillow, which notes that waiting could mean a much higher mortgage payment down the road.

“Despite these challenges (of 2020), we provided amazing speakers, content and entertainment to our membership throughout the year. I look forward to continuing this momentum and an amazing 2021.” — Robert Padron, NAHREP 2021 President 

See the list of NAR’s 2018 and 2020 political contributions.

“Housing availability, fairness and equitability. Sounds obvious. But it’s been hard to achieve.” — Jeff Baker, CEO of Illinois Realtors.

The structure, built in 1883, won the 2017 Archie Award for restoration and includes a blend of original and new features, such as reclaimed barn beams and restored original cherry wood floors.

The property, listed for $944,000, includes a working blacksmith shop, multiple storage areas, buggy garages and ramada, along with the humble living quarters at the rear of the store.

There is a misconception that Internal Revenue Code Section 1031 like-kind-exchanges are a tool for the rich to dodge real-estate taxes.

Compass has established a presence in Glen Ellyn.

The podcast, hosted by First American Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi and available on major podcasting platforms, offers insight on housing, affordability and related economic topics.

The order directs the U.S. Department of Housing and Urban Development to reexamine Trump Administration changes to Obama-era fair housing rules.

“Homeowners will see the value of their homes rise, but first-time homebuyers will face tougher competition from out-of-towners with big budgets.” — Daryl Fairweather, Redfin chief economist

CBC Mortgage Agency, a nationally chartered finance agency, applauded the decision, noting in a press release that 85% of individuals in the DACA program are Hispanic and account for over a third of CBCMA borrowers.