News / Features

June home sales slip as affordable homes sell out

The national existing-home market nearly gave up the ground won in May with a less-than-stellar showing for June sales, according to the National Association of Realtors. Sales of existing homes in June came in 1.7 percent below the previous month’s total, reaching a seasonally adjusted annual pace of 5.27 million.

Harvard report: Home remodeling growth could slow way down soon

Weakening home sales, a sluggish new construction market and slowing growth in permitting for home improvement projects have all impacted the pace of remodeling, particularly projects undertaken with the goal of putting properties on the market for a quick sale.

Millennials are feeling better about housing costs this year

About half of millennials say they wouldn’t need to stretch in order to afford mortgage payments. At this same time last year, only 40 percent of millennial homebuyers said they would have no trouble making mortgage payments on time.

A mushroom home blossoms

A unique dome-home designed by Frank Lloyd Wright apprentice James Dresser in 1952 is listed on the market in Madison, Wisconsin, at $499,000. Though the two-bedroom, two-bathroom home looks more like a mushroom than a flower, the building earned

Caves and tunnels galore

A Lake Tahoe mansion that once belonged to early gambling innovator William F. Harrah is now on the market for $25.75 million. This 20,000-square-foot waterside home has eight ensuite bedrooms, thirteen bathrooms and a bunk room for twelve. The

Veterans in the legal weed industry face barriers to housing benefits

With the coming expansion of legal cannabis use in Illinois, real estate professionals need to be prepared for issues that may crop up in their transactions when state and federal laws clash, and one potential result of this mismatch is showing up in the mortgage process.

Agents support the rise of Hispanic homeowners

Hispanic people account for the majority of growth in the U.S. homeownership rate. We asked top-ranked agents how real estate professionals can help sustain that trend.

How housing contributed to a record-breaking economic expansion

The country has seen 121 straight months of economic expansion since the Great Recession, the longest-recorded period of economic growth to date. Learn what your industry has done to assist this stellar growth streak.

Foreign homebuyers pulled back last year amid global unease

Though the state with the largest share of home sales to foreign buyers was by far Florida, Illinois ranked as a major destination for buyers from two of the top five international markets. Find out which countries are sending potential clients your way.

Chicagoland supply balances, but numbers vary wildly by county

RE/MAX’s June 2019 Housing Report for Chicagoland shows overall indicators of slower sales and moderately increasing prices. But the view depends a great deal on which county you’re selling in.

Will it play in Plainfield?

Coldwell Banker chose a ‘Mainstreet, U.S.A’ office in Chicagoland to try out its new branding. Here’s how it’s going so far.

Where Democratic presidential candidates stand on housing issues

Of the dozens of candidates currently in the running for the Democratic Party’s nomination for president in 2020, several frontrunners have made housing and real estate central pieces of their platforms. Here’s where the current frontrunners in the Democratic

Can design contests be the answer to Chicago’s affordability problem?

It’s clear more affordable housing is needed, but industry experts take different approaches to solving this common problem.

Realogy sues Compass over alleged illegal business practices

On the same day, Compass settled a lawsuit against one titan of the real estate industry while finding itself at the center of a new, explosive complaint from another competitor.

Local lenders move to CrossCountry and Compass snags Hinsdale top producer

Two Chicago-based mortgage companies have now officially joined up with CrossCountry Mortgage and Kris Berger moves to Compass.

Homeowners and appraisers agree more on value

New data from Quicken Loans shows homeowners are becoming more realistic about the values of their homes, though exactly how rational they are varies quite a bit from city to city. Find out how Chicago compares to the rest of the country.

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