News / Features

Will buyers rule the market this spring?

The coming spring season, when home sales usually take off, could be a great one for buyers as the stars align in their favor: Mortgage rates are low, inventory levels are higher and price growth has slowed. Already, home

FHA changes may tighten credit for homebuyers

First-time homebuyers hoping to utilize the popular Federal Housing Administration loan program may find it more difficult to be approved for a mortgage this year, as the agency moves to reduce growing risks related to the program. FHA loans

This week in Chicagoland real estate: Lincoln Yards, One Central and more

Lincoln Yards passes full city council Sterling Bay’s $6 billion Lincoln Yards development is finally a done deal. The project has been approved by the full city council by a vote of 33 to 15, after many internal negotiations and

More Americans say now is a good time to buy a home

The state of the U.S. housing market has shifted rapidly in the last few months, but are consumers keeping up? A new survey from the National Association of Realtors makes the case that low mortgage rates and increased inventory

Real Estate in Brief: Broker alliances, rebranding and more

RE/MAX to partner with Redfin through referrals RE/MAX announced in a March 18 press release that it had entered into a “strategic alliance” with Redfin to boost sales at both nationwide brokers through referral incentives. In about 5,000 ZIP

New insight from Fed meeting could keep mortgage rates low

In a positive sign for homebuyers planning on taking out new mortgages, the Federal Reserve sent its clearest signals yet that it will hold off on interest rate increases for the foreseeable future and perhaps the rest of 2019.

Chicago leads the country in new construction gains

Chicago lead the country in construction activity by two key measures last month, as the broader housing market showed signs of weakness. According to a new report by BuildFax, Chicago was one of just four metro areas that saw a significant increase

Congress still trying to pass long-term flood insurance solution

The National Flood Insurance Program (NFIP) has been a subject of debate for years in Congress, gaining temporary funding multiple times without any permanent solutions. Recently, representatives across political lines have shown interest in finally reaching a long-term resolution,

Remote workers more likely to own than rent

For most Americans, the average commute is less than 90 minutes. However, extreme commuters exist on either end of this spectrum, with telecommuters (who work from home) experiencing no travel time and so-called “super commuters” traveling over 90 minutes

The difference new can make

The core idea that there’s no better time than now and no better home than new has broad application from the city to the suburbs and from condos to single-family homes. And the ability of builders and agents to confidently demonstrate to buyers that a new home will serve their interests and help them realize their dreams can have an impact that’s greater than any one house, condo or subdivision.

How codes hold back housing

Building codes and permits are often cited by builders as a key driver of costs that get passed onto the consumer in the form of higher rents or purchase prices. Labor, land and materials continue to be the biggest

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Agent X: Can we talk about summer yet?

I feel like I’ve been blathering on about spring in this column for about three months. I just flipped my clock forward, and I managed to walk to the corner store with only 4 layers, so maybe it’s finally

10 new developments creating buzz around Chicagoland

As part of our spring new construction issue, we take a look at a few of the projects attracting attention in the local real estate community.

What developers want agents to know about new construction

We asked some of the smart people we know in the development and new construction industries what they thought about the state of the industry, the influence of amenities and technology and what agents can do to make new-construction

Real Estrange: Space for your helicopter and cows

This farm, which sits off the coast of the Pacific Ocean, comes with two Spanish-style villas, an avocado and persimmon farm, and 120 cows.

Real Estrange: A brick beauty, space for your helicopter and cows

This old power plant in Astoria, Oregon, was recently converted into a residence with an industrial farmhouse flair.

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