News / Features

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.

Why what’s in the GSE bank matters

While there’s no guarantee that Congress or the administration will tackle GSE reform in 2020, the FHFA did announce that it will re-propose regulations on capital requirements for Fannie Mae and Freddie Mac sometime in the next year as a clear move toward the end of conservatorship.

A castle nestled in the forest

Located just outside the New York City suburb of Ossining, a gorgeous, medievalesque castle is now on the market for $3.5 million. Designed in 1927, the property sits on 48.6 acres of secluded land, but it comes with a catch.

A place of learning

Located along the Tippecanoe River in Indiana, a unique private residence is up for grabs for just $200,000. The inside of the property was once home to a school but has since been remodeled into a 4-bedroom, 4-bath home.

U.S. homebuilding surges to 13-year high

Coming off of the government’s numbers for December, economists predict the home building industry is on track for recovery in 2020.

Back from the brink: How much has Chicago bounced back from the recession?

Find out what the total value of housing is in Chicago, according to a new Zillow report.

Demos near 606 officially blocked in anti-gentrification move

Chicago City Council approved a six month ban on building demolitions along the popular biking and running path.

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