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The latest reading of the U.S. housing market — the S&P CoreLogic Case-Shiller Home Price Index for Sept. 2018 — showed yet another sign of sluggish price growth. S&P’s key 20-city composite index showed that home prices in the
After six months of declines, existing home sales posted a month-to-month increase in October, according to the October report from the National Association of Realtors. Total existing home sales rose 1.4 percent from September to 5.22 million single-family homes,
A joint proposal by three federal agencies released Nov. 20 could speed up an estimated 40 percent of residential real estate transactions in the U.S. by changing requirements surrounding appraisals. Under the proposed rules, certain residential real estate transactions
Whether hiring help or tackling a do-it-yourself project, home improvement is expensive, time consuming, and typically more than most have bargained for. However, homeowners are discovering that juggling home repairs are a lesser compromise when exchanging rent for mortgage payments. The 2018 NerdWallet Home Improvement Report found that 44 percent
Chicago’s political establishment was roiled in 2017 after a joint investigation by the Chicago Tribune and ProPublica revealed that the Cook County Assessor’s office, then led by Joseph Berrios, had systematically undervalued residential and commercial real estate in certain
Senators Tim Kaine and Orrin Hatch have introduced a bipartisan bill that would expand the Fair Housing Act to include low-income families and veterans. The Fair Housing Improvement Act of 2018 expands the anti-discriminatory language of the original law
Heading into the winter months, many Americans are seeing the housing market cool off. According to ValueInsured’s Q4 2018 Modern Homebuyer Survey, 75 percent of Americans believe their local housing market is cooling off. Additionally, 67 percent of those
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Nate Wynsma has been named vice president of Lexington Homes, where he will oversee land acquisition, disposition, entitlement and development for the company. Since 2013, Wynsma had been the vice president at Ryan Building Group, where he oversaw land acquisition
Although Chicagoland home sales slowed down in September, there was a slight rebound in October, inspiring optimism as the real estate industry enters the holiday season. According to RE/MAX Northern Illinois, total home sales in the Chicagoland metro area
Ultra Violet was named the 2018 color of the year by Pantone. However, brash colors outside the “thoughtful” purple shade are seemingly best avoided when selling a home. “A fresh coat of paint is an easy and affordable way
There is a growing trend throughout several markets involving property listings that don’t appear on that market’s multiple listing system. The idea around private listings, or pocket listings, office exclusives or a number of other names, has been known
When Dan Wagner resigned from his position as president of Illinois Realtors, many wondered what they would mean for the association going into next year. But Illinois Realtors president-elect Ed Neaves says the association is primed about the unexpected
The Chicago-metro area has one of the most affordable housing markets in the country, according to John Burns Real Estate Consulting. The report defined affordability in a city by comparing price history, income, employment growth as well as projected
Married couples continue to make up the majority of buyers, according to the National Association of Realtors’ 2018 Profile of Home Buyers and Sellers. Married couples accounted for 63 percent of all buyers this past year, while single females
Amazon announced that Long Island, New York and Washington D.C., Virginia will be the new locations of its second headquarters, ending the year-long public contest. The company’s raffle attracted 238 candidates only to end in a surprise twist: the division of Amazon’s