Two recent measures of Americans’ confidence in the national housing market improved in the last month, showing that more homeowners as well as consumers are generally feeling more optimistic about this key segment of the U.S. economy. One of

The practice of home flipping in the U.S. is declining in strict numbers, even as it grows as a share of all home sales. The theory behind the decline is that home flippers may be pulling back due to fear of a worsening real estate market on the horizon.

For every home sold in the state, Illinois’ economy generated $18,000 of income from things like real estate commissions, fees and moving expenses related to a purchase. These expenses were about 9 percent of the median home price, but constituted 27 percent of a home sale’s economic impact.

Before the passage of the Trump Administration’s tax reform measures, experts had predicted that they would disproportionately benefit those in Republican-leaning states in the South and Midwest. The latest research largely supports this prediction, with a few notable exceptions.

This former gold mine used until the 1960s is now a cliffside home on 33 acres in Big Sur, California. The 2,467-square-foot home listed at $2.2 million hangs over a cliff facing the Pacific Ocean with a separate guesthouse

A fully furnished 5,000-square-foot house in suburban Maple Glen, Pennsylvania, is on the market for $750,000. While it may seem like a typical five-bedroom, two-and-a-half bath home, that feeling may change when you reach the “adult playground” in the

The eighth annual Houzz & Home Study revealed the trends, desires, budgets and challenges of homeowners taking on remodeling projects. These takeaways will help you assist clients who are looking to upgrade their living spaces.

In this week’s roundup of local news, lawmakers ask the governor to pump the brakes on another mega-project, new residential developments are coming to Barrington and Schaumburg, Ald. King said no thanks to a casino at the former Michael Reese site and more.

Plans to end government-controlled conservatorship of the GSEs, lower mortgage rates, the valuation of “gayborhoods” and more are all featured in our national real estate news round up this week.

According to a recent report from CoreLogic, the share of listings sold at or above list price fell to within historical averages after peaking last year. As of Q1 2019, around 31 percent of sales closed above list, down from a recent peak of 40 percent seen in Q2 2018.

Gov. J. B. Pritzker didn’t get everything that he wanted, but as the 2019 legislative session wrapped up in the first few days of June, he could credibly claim to have accomplished more than an Illinois governor had in

The neighborhood of North Center is losing its stock of two- to four-flat rental buildings to single-family home conversions and teardowns, following a citywide trend that is making the neighborhood and the city less affordable, according to speakers at

Stories about home flippers hiring Uber and Lyft drivers, more people taking on remodeling projects, the passage of a hero to homeowners and the importance of grocery stores to home sales all figure in this week’s national roundup.

When examining forward-looking data like pending home sales, new-construction activity and listing traffic, the news for the market overall isn’t stellar. But there are a few bright spots for Chicagoland real estate professionals in particular: The Midwest is proving to be more robust than other regions, and moderately priced homes are still in high demand.

Sterling Bay is planning an infill project made up of 30 affordable, factory-made three-flats; big companies relocating to the city are hurting high-end suburban properties; Lightfoot names a new CHA head and more in this week’s roundup.

The mortgage lending industry and its public referees have responded to short-term rentals with more accommodation than restriction, a positive development for homeowners who hope to earn income through a short-term rental platform. Not only is it possible for homeowners to potentially secure more favorable financing terms on their primary residences if they are renting them out — they also have the same opportunity to do so if they purchase a second home.