News / Features

Homebuilder hopes improve on rate outlook

U.S. homebuilders haven’t seen quite the same gains as the broader real estate market in recent years, but signs are beginning to point in the industry’s favor this year. A new report from LEK Consulting and Wells Fargo’s U.S.

For-sale inventory snaps 5-year losing streak

Changing tides in the national real estate market are leading to the most widespread inventory increases seen in at least five years. According to data collected by Zillow, for the first time since 2014, the U.S. housing market posted

Chicagoland experiencing decreased home sales

The intense cold experienced this January prevented more than just a couple cars from starting. According to the RE/MAX January 2019 housing report, home sales in Chicago also experienced a decreased year-over-year change of 11.2 percent, going from 5,878

Real Data 2019: the good, the better and the best in Chicagoland real estate

Welcome to our annual Real Data issue, which highlights the agents and offices that dominated property sales in 2018 in Chicagoland, as well as those making waves in the smaller tracts of Cook, DuPage, Kane, Lake, McHenry and Will

From closing to campaigning: Local agent throws hat in the ring for aldermanic race

Cynthia Bednarz of d’aprile properties has been knocking on doors in the real estate business for about a decade. Now, as a candidate for alderman of the 27th Ward, she’s knocking as a candidate for elected office. “Volunteering and

Real Estrange: A gorgeous grotto; hot property

A gorgeous grotto This property in Coconut Grove, Florida, is a water-themed paradise. The windows of the wine cellar, designed by artist Meredith Miller, look directly into the below-ground pool and bottle holders were built directly into stone walls.

This week in Chicagoland real estate: ‘fundamental repricing,’ Tribune site sale and more

Baird & Warner CEO urges honesty in soft North Shore market Baird & Warner president and CEO Steve Baird recently warned agents of the need to be honest with sellers in the North Shore suburbs about the softness of

Real Estate in Brief: Aging in place, ARM growth and more

  Millennials face fewer housing choices as seniors age in place More senior citizens around the U.S. are choosing to age in place rather than sell their homes and move to a retirement community, and those decisions could be

Amazon drops plans for HQ2 in NYC

Only a week after speculation arose that Amazon was reconsidering its plans to build part of its second U.S. headquarters campus in New York City, the company released a statement Feb. 14 confirming it was pulling out of the

Proposed bill calls for a statewide rent control plan

A new bill proposed by Illinois Rep. Mary Flowers, a South Side and southwest suburban Democrat, offers a sweeping blueprint for implementing rent control on a statewide level.  The bill, HB2192, calls for the immediate termination of the Rent Control

How real estate couples make it work — together

It’s not uncommon for couples to work together in real estate. But how do they find time to celebrate their relationships outside of their day-to-day work? High school sweethearts Josh and Magdalena Lybolt have been in business together for

NAR releases proposal for Fannie, Freddie reform

Amid new leadership and a pending class-action lawsuit, big changes at Fannie Mae and Freddie Mac appear to be close at hand. The question now for U.S. lawmakers and stakeholders in the mortgage industry is how to carry out

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This week in Chicagoland real estate: luxury home sales, Lincoln Yards and more

  Despite a relatively good year for the Chicago-area luxury home market, a decline in the fourth quarter might portend a slowdown in the market in the upcoming months. There was a 1.4 percent increase over the 2017 total

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Real Estate in Brief: Women borrow more, price growth continues and more

While homebuyers in the U.S. are generally married couples, data from the National Association of Realtors found that 18 percent of homebuyers in 2018 were single women. To drill down more into that demographic, SmartAsset took a look at

Low mortgage rates fuel housing market outlook

Only a few months ago, most economists, mortgage lenders and others who closely track the mortgage market assumed interest rates would continue rising through 2019, driving up the cost of home purchases. But several weeks into the new year,

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Study: Up-zoning in Chicago sometimes does the opposite of what it intends

For years, cities all over the U.S. have sought to promote development as a means to keep housing affordable. In an attempt to do this, cities often engage in “up-zoning”—reducing some zoning restrictions, often around popular transit stops in

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