Assumptions about how millennials will spend their money as they progress through adulthood continue to be proven inaccurate, or at least misunderstood. This is particularly true in real estate, specifically the places where Americans now in their 20s and

Sterling Bay has gone back to the drawing board to redesign its plans for the Lincoln Yards development, months after publicly unveiling the new development. The new proposal, which was presented Nov. 29 at a community meeting in the

The latest report on pending home sales recorded in October, released today by the National Association of Realtors, showed more signs of a short-term slowdown. NAR’s pending home sales index declined by 2.6 percent last month compared to September,

Nearly one-third of homes for sale experienced a price drop of over 1 percent this October, according to a report by real estate brokerage Redfin. The report foreshadowed a market cooldown, finding October’s decline in home prices to be the largest number of

The Federal Housing Finance Agency, which oversees the federally owned mortgage corporations Fannie Mae and Freddie Mac, announced Nov. 27 it will increase its conforming loan limits for the third consecutive year in 2019. After not changing the limits

Chicago-based independent mortgage lender Guaranteed Rate announced Nov. 27 that it would expand its presence in Hawaii with the acquisition of assets and staff from local lenders including Honolulu HomeLoans (HHL) and Hawaii Lending Alliance (HLA). The company said

One of the largest residential real estate brokerages in the U.S., Berkshire Hathaway HomeServices, will open more international franchise locations throughout Europe and the Middle East. According to Bloomberg News, BHHS will partner with London franchisee Kay & Co.

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