News / Features

MRED integrates Homesnap into MLS

Midwest Real Estate Data has integrated Homesnap, the public-facing brand of the Broker Public Portal (BPP), into its MLS system, becoming the first true consumer-facing app for MLSs. Homesnap uses real-time data from 160 MLSs to create a better

Real Estate in Brief: The annual salaries needed for hottest U.S. cities, single-family home starts on rise, more

The financial website How Much used data from the National Association of Realtors and mortgage-information website HSH.com to find the nation’s most expensive “average-sized” homes. The study found that the median U.S. household annual income rose nearly 2 percent

Study: Higher property values influence homeowner voter participation

A recent study from two members of Stanford University’s political science department finds a strong positive relationship between voter turnout rates and property values among homeowners. Along with a growing body of research around how homeowners vote, this could

Study: Suburban home affordability rivaling urban levels in many markets

With home prices rising across the country, many buyers may think that moving out to the suburbs is the solution to finding a home that they can afford. However, suburban areas are now rivaling urban areas in affordability in

Real Estate in Brief: More luxury buyers are entering the market than sellers, Toll Brothers co-founder steps down and more

Luxury Portfolio International‘s 2018 Global Luxury Real Estate report found that, globally, almost 40 percent of high-net-worth individuals will be looking to buy property but only 23 percent are willing to sell. With the imbalance of purchase intent, the market could experience

Home prices continue to rise while existing home sales slow, inventory tightens

Existing home sales declined to their lowest level since November 2015, according to the September National Association of Realtors existing home sales report. Existing home sales dropped to 5.15 million in September, a 3.4 percent drop from August and

Homeownership a higher priority for millennials than travel, marriage, children

Homeownership is the biggest priority for millennials, according to the latest Bank of America Insights Report. A little over 70 percent of those surveyed said homeownership is their top priority, outranking traveling (61 percent), getting married (50 percent) and

Zillow: It takes the average person seven years to save up a down payment

It would take the average American seven years to save up enough to make a down payment on a home, according to Zillow’s latest report. This is longer compared to 20 years ago when it took the average American

2018 Agents’ Choice Awards—Best New Development, Suburbs: Port Clinton Place, Opus Group

Port Clinton Place Opus Group Port Clinton Place is part of a mixed-use development that provides a gateway to the local community. The construction of a luxury condominium building and rowhome residences was a vital piece of that development.

2018 Agents’ Choice Awards—Developer of the Year, City: Related Midwest

Related Midwest Related Midwest, the Chicago office of Related Companies, is the preeminent developer of luxury condominium and rental homes, affordable housing communities and mixed-use properties in Chicago. Known for its architecturally significant, market-defining projects, including 500 Lake Shore

Tommy Choi on his new CAR presidency, his career plans and his love of Pearl Jam

Tommy Choi, co-founder of Keller Williams Chicago-Lincoln Park, began his term as president of the Chicago Association of Realtors Oct. 1 after being officially installed at the association’s annual inaugural gala Sept. 12. His inaugural address to guests in

Real Estate in Brief: Sight-unseen offers decrease, Zillow names new head of federal government relations and more

Fewer homebuyers are making purchases sight-unseen, according to Redfin. In a recent survey, only 20 percent of recent homebuyers made an offer sight-unseen compared to the 35 percent in 2017. In May, Redfin analysts noticed sight-unseen offers returned to

Chicago Association of Realtors examines the ‘Past, Present and Future’ of fair housing

This year marks the 50th anniversary of the passage of the Fair Housing Act, part of the landmark Civil Rights Act of 1968 signed into law by President Lyndon B. Johnson. Real estate groups across the U.S. have marked

Chicago remains a national outlier on underwater mortgages

A crash in home values brought on by the recession resulted in more mortgage borrowers falling “underwater” on their home loans, or owing more in total debt than their homes were worth. But by the second half of 2018,

Thrillist, NAR rank Chicago's best suburbs for millennials

A common misconception is that millennials are shunning the suburbs and starting their lives (and their homeownership aspirations) in the center of major cities. But especially in places like Chicagoland, the old distinction between city and suburban living is

Where does Chicago rank among US cities in terms of immigrant homeownership?

The United States currently has the highest percentage of immigrants since 1910 with 13.7 percent of the population being foreign-born. This has led to economic growth from 2011 to 2016 that accounted for much of the nation’s post-recession growth

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