News / Features

Rent control remains hot issue ahead of Illinois election

Rent control has emerged once again as a point of contention ahead of the Nov. 6 midterm elections. Voters in several Chicago precincts will be submitting their opinions on the matter as part of an advisory ballot question, which

Millennials most willing to bunk with ghouls for large kitchen space and other sweet treats

Realtor.com’s annual Haunted Real Estate Report found that millennials are more willing than any other generation to sleep with what goes bump in the night, for a small bonus. According to the 2018 survey, one in three respondents, specifically millennials, were willing

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Chicagoland Real Estate Update: Luxury homes are moving fast in Cook County, and more

The city of Chicago was named the best city to live in the U.S. in the 2018 Readers’ Choice Awards by Conde Nast Traveler. Chicago beat out 15 other large cities, including New York and Los Angeles. “Second city?

Case-Shiller: Annual home price gains fall below 6 percent in August

The S&P CoreLogic Case-Shiller national home price index grew 5.8 percent in August, slowing slightly from the 6.0 percent gain seen in July. The 10-City composite is up 5.1 percent, while the 20-city composite grew 5.5 percent. On a

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Realogy's Corcoran, Climb to begin franchising deals

Real estate holding company Realogy has announced that it will begin selling franchise agreements for two of its brokerage brands, The Corcoran Group and Climb Real Estate. Corcoran is based in New York City and until now has primarily served markets

Real Estate in Brief: Opendoor's bonus credit, FHFA talks diversity, and more

The home-trading startup Opendoor has made several changes of approach when attracting homebuyers in the Phoenix and Dallas-Fort Worth markets. The company has featured a bonus $1,000 credit to buyers who purchase Opendoor’s for sale homes in these markets; whether through an Opendoor “partner agent” or through a direct purchase on their own. Buyers

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

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