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.

Whether you work in property management or your clients are looking for advice on how to capitalize on these opportunities, it’s important to consider the ways managing a short-term rental property differs from managing one for long-term tenants. Here are a few key factors to weigh before making a decision.

This glass house, built for Chicago’s 1933 World’s Fair, currently sits abandoned in Indiana. The house was built by George Fred Keck to represent the “house of the future,” and featured cutting-edge technology for the time, such as central

In an undisclosed location in Kansas, a former Atlas class missile silo has been turned into an underground, 15-floor condo building. Building amenities include nuclear, biological and chemical air filtration; hydroponic food production areas; and a workout facility complete

The Mueller probe leads to an indictment for Chicago bank CEO Stephen Calk; residential developers look to fill in a long-vacant 12-block site with townhouses, condos and houses; preservationists look to create a national park in Chicago and more in this week’s roundup of real estate news in Chicago.

Home renovations are getting more expensive due to tariffs, the real FHA problems beyond the to-do over REOs and Oreos, and the DOJ digs into buy-side competition: All items we’re monitoring in this week’s national news roundup.

Every year at their legislative meetings, the National Association of Realtors sends members and government affairs directors to meet with their representatives on the Hill to lobby for change, usually with a list of talking points that are important on a national level. But Chicagoland real estate professionals were on hand to bring local issues to to fore as well. Find out what topped the issue lists.

Nationally, existing-home sales finished the month of April some 0.4 percent below last month’s rate and 4.4 percent lower than April 2018. But those same figures looked brighter when researchers zeroed in on Chicagoland.

Ahead of her May 20 inauguration, we examined incoming Mayor Lori Lightfoot’s transition report, released Friday, to find the items that may impact the local real estate industry in Chicago.

In this week in Chicagoland real estate, industry pros address the idea of ripping off the property tax Band-Aid, a huge suburban development moves forward, 150 North Riverside gets some love and much more.

NAR announces President Trump will address Midyear attendees this Friday, RE/MAX breaks their agreement with Redfin, Zillow doubles down on iBuying and more in our national news roundup.

This home — built with parts taken from an old gold mine — features a rock-crusher fireplace, a crankshaft gateway, a tin roof and stair handrails made out of ore cart rails.

At 75 feet long, this new take on the classic houseboat boasts 4,350 square feet of living space and is able to float freely, be tied to a dock or stand up in the water courtesy of hydraulic legs.

River City broke a record and a new medical-residential complex targeted at baby boomers is being proposed for south Wabash. Plus, are developers giving up on TIFs after the controversy stirred up by Lincoln Yards?

Redfin Direct has been in testing phases in the Boston market since March, and its next market is expected to be Virginia. The new program provides a way for unrepresented buyers to have a seat at the negotiating table without an agent occupying the one next to them.

As the economy has improved, more Cook County residents may be ready to make the transition from renting to owning their homes. A recent report on housing trends in Chicagoland found that after peaking in 2015, the number of renter households in the county decreased by 20,911 in 2017 while owner households increased by 14,759.