News / Features

Closed, but on duty: Cook County Recorder now processing all docs

After an inability to record condo declarations was revealed to be causing some deals to go south, the agency figured out a way to tackle the problem of non-standard documents.

Purchase applications in Illinois beat out last year’s numbers

Economists with the Mortgage Bankers Association predict mortgage rates will remain low for the next couple of years, though there is at least one scenario under which they could rise more quickly.

Builder confidence up after April drop; signs of rebound emerge

Builders are feeling more confident this month, a sign that the new-home market may have already hit bottom.

Redfin: Over half of big-city dwellers working from home want out

More than half of those working remotely said they would leave the city if they didn’t have to go into an office.

Buyer demand remains strong despite pandemic, says new report

RE/MAX’s recently released National Housing Report points to the resiliency of the market amidst coronavirus and economic concerns.

Are Chicago’s opportunity zones living up to the hype?

New data looks at how prices in these areas have increased — or sometimes decreased — over time.

The worst is over, says NAR Chief Economist Lawrence Yun

Speaking at NAR’s recent Residential Economic Issues and Trends forum, NAR’s Lawrence Yun said economic recovery is around the corner.

Chicago leads the way in Top 250 Latino Agents list

The National Association of Hispanic Real Estate Professionals released its Top 250 Latino Agents Report, recognizing the best Latino agents in the business. How did Chicago do?

Despite industry objections, qualified mortgage patch still expected to expire

Though NAR has urged the Consumer Financial Protection Bureau to extend the rule, the agency’s director would only agree to take into account disruptions related to the COVID-19 pandemic in managing the transition.

Top Agent Network files antitrust lawsuit against NAR

California-based broker platform Top Agent Network has sued NAR over the pocket listing rule that went into effect this month.

Rahm Emanuel and Chris Christie offer political predictions to Realtors

In a virtual version of NAR’s annual political forum, the former mayor and former governor dished on the upcoming election and the political ramifications of the local and national responses to the COVID-19 crisis.

Westworld reimagined

Get a taste of the Wild West with Palazzo Lavaca, a 6,750-square-foot residence and event space in Austin, Texas, on the market for $4.95 million.

If you are a dreamer, come in

You won’t find “A Light in the Attic” in this World War II Balloon Barge, located quite literally “Where the Sidewalk Ends.”

New condos face deal-stopping hurdle due to COVID-19

Some transactions are having to start over from scratch because of a paperwork problem. But Cook County’s chief deputy recorder tells Chicago Agent magazine he’s working on a solution.

Amid dire jobs report, one real estate company is bringing back employees

The unemployment rate officially hit a level not seen since the Great Depression, but one industry CEO sees reason for optimism.

NAR survey: Buyers want home offices, yards and larger residences

The weekly flash survey by the National Association of Realtors shows that buyers are looking for different features post-COVID-19.

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