News / Features

Illinois Realtors releases voter guide ahead of Election Day

Early voting ahead of the Nov. 6 midterm election has already begun throughout Chicago and Illinois, which means Realtors associations are ramping up their push to get the word out on their preferred candidates. In conjunction with the Realtors

What do homeowners say makes a good neighbor?

Having terrible neighbors can be an extremely negative experience for homeowners. However, luckily the vast majority of people currently believe that they have good neighbors. According to Realtor.com’s Good Neighbor Report, 77 percent of participants said they are satisfied with

Pending home sales grow slightly in September indicating stabilization

Despite the general trend toward a fall slowdown, pending home sales rose slightly in September compared to August. The National Association of Realtors reports that the pending home sales index rose 0.5 percent from 104.1 in August to 104.5

National Association of Realtors heads to Boston for 2018 Realtors Conference and Expo

The city of Boston is getting ready for the National Association of Realtors 2018 Realtors Conference and Expo, which will take place at the Boston Convention and Exhibition Center on November 2-5. More than 20,000 Realtors, experts and guests

How much will rising mortgage rates cost homeowners?

Recent reports of a sluggish housing market have put at least some of the blame on rising interest rates. Over the last 12 months, the interest rate on a typical 30-year fixed-rate mortgage has increased by nearly one full

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

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