News / Features

‘Ban the box’ for rentals: How Cook County landlords must adapt

To meet the ambitious goal of ameliorating the effects of the criminal justice system on housing, Cook County commissioners amended the county’s Human Rights Ordinance to include more provisions for housing-related issues. Here’s what you and your clients need to know.

Marijuana is now legal in Illinois. Is your business ready?

Whether your brokerage will enthusiastically rent to dispensaries or would prefer to avoid marijuana altogether, this new law is sure to touch your clients, agents and employees. Put policies in place now to shape how you deal with it, and keep an open line of communication with your legal counsel so you can adapt policies appropriately as the Illinois marijuana market grows.

Snow White’s dream home

Affectionately nicknamed the “Tyringham Gingerbread House,” this cottage has roots dating back to the 1750s.

Private island getaway

Ever dreamed of owning a private island? Just such an opportunity, in the form of Mark Island, has popped onto the market right off the coast of Maine.

Pritzker’s pledges on property taxes, attracting new residents and more

In his first State of the State address, the governor touched on a number of topics that will have an impact on the real estate industry. Here are a few key moments from his speech that real estate professionals should be aware of.

NAR chief gives positive outlook amid December dip

Mortgage rates projected to hold at under 4 percent for the remainder of the year, according to new report.

Homes, neighborhoods draw more people to Chicagoland than jobs

While the pursuit of new or better employment prospects normally motivates people to take on a long-distance move, recent data suggests that Americans may now be more inclined to relocate for housing related reasons.

Prices up everywhere but here

According to the latest index, national home prices are 15 percent above their pre-financial crisis peak.

Best year for new-home sales since before the recession, says NAHB

Low interest rates and low unemployment continue to boost the market into 2020.

All the single ladies . . . are outpacing men in homeownership

A new study by Lending Tree shows that single women own almost 14 percent of homes in Chicago.

Midwest home sales up more than 9 percent from a year ago

Existing home sales bounced back in December in every region of the U.S. but the Midwest, following a small slump the previous month, according to NAR’s monthly existing-home sales report.

How to sound smarter next time you’re asked about recession risk

The Chicago Fed’s senior economist breaks down some of the more common misconceptions about the chance of recession in 2020 and offers thoughts on how real estate pros can be better consumers of economic data.

Chicagoland finished 2019 with its largest sales increase of the year

In a year that showed slowing home sales overall, RE/MAX’s most recent market report offers a bit of sunshine.

Single-family rents across the U.S. up slightly, as homeownership rates increase

Low-end rentals are propping up national rent growth, according to CoreLogic.

Back to the future: What experts got right — and wrong — about mortgage rates

While most of the predictions about interest rates in 2019 were off by a long shot, one crucial element of the housing market in 2020 remains true: The cost of borrowing is very low, by both modern and historic measures.

What else is new? Loan limits increase for Fannie, Freddie and FHA

It stands to reason that, as home prices rise faster than income, buyers are going to need larger loan amounts. And for the fourth straight year, the Federal Housing Finance Agency has increased the conforming loan limits for Fannie Mae, Freddie Mac and Federal Housing Administration loans.

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