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,

As home prices continue to rise across the country, homeowners appear ready to sell their homes. A record 77 percent of Americans believe that now is a good time to sell their home, according to the National Association of

While housing is still affordable on a national level, growth in household income is decelerating while gender and racial gaps persists. A new study by Free and Clear looked at data provided by the Census Bureau’s 2017 household income report

Berkshire Hathaway HomeServices KoenigRubloff Realty Group announced that Weichert Realtors Nickel Group has joined its team as of Oct. 1. John Lawrence, broker/owner of Weichert Realtors Nickel Group, will lead the office of 56 agents as managing broker. Located

The Federal Reserve attempts to regulate accelerated inflation by raising interest rates for the third time this year, as reported by HousingWire. The Fed’s key rates have increased by .25 percent, to a current total of 2.25 percent. This rate hike is now the eighth since 2015, as

Massachusetts Senator Elizabeth Warren introduced an expansive bill to Congress Sept. 26 that would fund a wide spectrum of initiatives to bolster housing finance and enable more Americans to become homeowners. Called the American Housing and Economic Mobility Act

Chicagoland’s multiple listing service (MLS), Midwest Real Estate Data (MRED), has welcomed Bloomington-Normal Association of Realtors (BNAR) as its newest association partner. BNAR is the fourteenth Realtor association to partner with MRED, obtaining one of the nation’s largest MLS related services.   Founded in 1921, BNAR now supplies resources

The cost of living in a home has outpaced the wage growth of the average U.S. citizen, and is becoming an urgent concern for millions. Apartment List found that housing affordability is an evident determining factor for the quality of life