News / Features

Illinois Realtors to forgo president in 2019

After Illinois Realtors president-elect Dan Wagner announced his resignation in August, many wondered who would be taking over the top spot next year. But the Illinois Realtors have announced that the president’s position will remain vacant in 2019. In

Chicago ranks among top 5 valuable cities in US

Lending Tree ranked the top 50 most valuable cities in America from its collection of real estate data covering more than 155 million U.S. properties.  While competing against many high-ranking coastal cities, Chicago made the top 5 most valuable cities with a ranking at No. 4. Chicago’s total value was approximated to be $813

Over a third of recent buyers, renters experience 'neighborhood regret'

Figuring out what new home to purchase includes more than just the house itself. Buyers also look at a number of other factors, including the neighborhood that the house is located in. However, sometimes compromises need to be made

Average new construction lot size remains at record low

In keeping with a decades-old trend, an analysis of Census Bureau data by the National Association of Home Builders found that the median size of a lot on which a new home was built in 2017 reached a record

Homeownership rate among minorities rising

The homeownership rate among minorities continues to increase, but there is still some progress to be made, according to the National Association of Home Builders. The homeownership rate among all minority groups in the second quarter of the year

Real Estate In Brief: Buyers market predictions, rising rents and more

A panel of 100 real estate economists and industry experts surveyed by Zillow said they don’t expect the U.S. housing market to shift decidedly into a buyers market until at least 2020. According to Zillow’s Q3 Home Price Expectations

US economic growth to outpace housing market

The U.S. economy grew at its fastest pace in four years during the second quarter of 2018, a reflection of low unemployment and greater willingness among consumers and businesses to spend and invest. According to the latest economic forecast

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Facebook removes certain targeted advertising options amid HUD discrimination complaint

Facebook recently announced changes it will be making to its advertising tools after the company was accused of potentially enabling housing discrimination on the platform. Earlier this month, the U.S. Department of Housing and Urban Development filed a discrimination

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Strict land-use regulations bring highest home values

Job growth often leads to increased home value, but why are some cities overwhelmingly surpassing others? A new report from Zillow points towards zoning restrictions seem to have an impact on growing home values. From Zillow’s data, the medium

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Construction industry job openings reach post-recession high

For those under the age of 24, a career in construction is an unlikely reality and an even rarer goal. According to the Wall Street Journal, many parents these days may feel they have failed their child if they do

Midwest Real Estate Data announces addition to board of managers

Midwest Real Estate Data (MRED) has announced Alon Chaver as a new addition to its board of managers. Chaver is the chief information officer at HomeServices of America and will serve MRED as one of two strategic managers. Chaver

July pending sales miss the mark, led by price growth

New national home sales figures released by the National Association of Realtors Aug. 29 continue to show a housing market that can’t keep pace with prior years of stellar performance. For the seventh month in a row, NAR reported

Builders, buyers see upside as July new home sales slip

The latest release of new home sales numbers from the U.S. Census Bureau and the Department of Housing and Urban Development reported the number of new homes sold in July fell 1.7 percent from the previous month, marking the

Millennials are buying homes before marriage

Recent trends in the housing market suggest that couples are reversing what used to be considered the norm: they are buying homes before marriage. The share of unmarried homeowners has spiked significantly in recent years, according to a report

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Real Estate In Brief: Financial advice for agents, smart locks and more

The National Association of Realtors launched a new initiative focused on improving the financial wellbeing of its 1.2 million members. Last week, NAR unveiled its online Center for Realtor Financial Wellness, a website that includes a number of tools

NAR: Majority of homes sold in July were on the market for less than a month

Existing home sales slowed slightly in July to the slowest pace in more than two years and represented the fifth straight month of declines, according to the latest report from the National Association of Realtors. But demand stayed steady

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