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,

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

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

Americans are fixated on owning their dream homes despite the current housing market trends, a new survey from the PenFed Credit Union National Mortgage Survey revealed. Over the next two years 37 percent of adults and 52 percent of

Thanks to rising home values, more American homeowners are looking to tap into home equity that continues to grow, according to a recent survey conducted by Bankrate.com and research firm GfK. But even though leveraging home equity into a

New construction homes continue to attract buyers as 38 percent of total buyers considered buying a newly constructed home over the past year, according to a report released by Zillow Group. However, only 11 percent purchased one. What has caused

Related Midwest has announced that it will be closing its full-service brokerage, Related Realty. In lieu of the full brokerage, Related plans to open a “boutique brokerage” called Related Midwest Sales that will be focused on selling homes built by

After almost five years of record-low inventory and record-high prices, prospective homebuyers are finally experiencing some relief. Realtor.com just released its September housing report, which revealed that new listings to the housing market saw an 8 percent increase over this time last

Fannie Mae named Hugh Frater as the interim CEO as Tim Mayopoulos announced he will step down next week on Oct. 15. In July, Mayopoulos announced he would be leaving his position at the end of this year. Frater

More national brokerages have announced plans to join other real estate firms like Zillow and Opendoor in piloting an instant-offer home listing service, often known as iBuying. On Sept. 25, Realogy, which owns major residential brokerages like Coldwell Banker,

As home price growth slows, the percentage of homes that are going for above their asking price is decreasing. For the four weeks ending on September 23, Redfin found that only 22.9 percent of the homes sold for more than their asking

The Federal Housing Administration (FHA) issued this Friday that a new policy will be implemented on Oct. 1, requiring second property appraisal on loans previously indicated by the FHA as potentially having inflated property valuation from reverse mortgage lenders.

SmartAsset completed a study to find the healthiest housing markets, or the easiest cities to sell a home, within the state of Illinois by evaluating stability, affordability, fluidity and risk of loss.  The company said they considered the number of years people remained in their homes and the

A former crime site Looking for a home with a notorious past? Then check out this Palm Island estate that was once owned by Prohibition-era gangster Al Capone. Listed for $14.9 million, 93 Palm in Miami Beach has a

Located 44 miles west of Chicago, Geneva, Illinois, has been named one of the best places to retire by Kiplinger.com. Geneva checks every box on the list for what retirees are looking for a small to mid-sized city without giving

The National Association of Realtors announced new additions to the senior leadership staff of its marketing and government affairs divisions. According to an Oct. 2 press release, the association named Victoria Gillespie as chief marketing and communications officer, effective immediately,