News / Features

US housing stock ages as construction backlog grows

More Americans are becoming homeowners, particularly young adults. But the homes they are living in are generally older. Data from the U.S. Census Bureau’s most recent American Community Survey showed that in 2016, the median age of all owner-occupied

Real Estate in Brief: Home improvement spending, Realtors on TV and more

Homeowners appear to be spending more on maintenance and remodeling projects, reflecting an increasing preference in getting more life out of a home rather than trading up for a new one. According to a report from BuildFax, which aggregates

US foreclosure rate falls to 12-year low as borrowing grows

Two reports on the state of housing finance show that mortgage borrowers are still faring well financially despite some recent economic headwinds. The national foreclosure rate reached its lowest point since 2006, according to a report on May 2018 figures

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HUD looks for public comments on possible fair housing rule changes

The Department of Housing and Urban Development recently announced that it is looking for public comments regarding plans on “streamlining” the Affirmatively Furthering Fair Housing Rule, an Obama-era rule on desegregation. The rule was designed to help cities and

silent generation real estate buyers single family 2017 preferences profile
See how the Chicagoland area's demographics have changed this decade

The nation experienced a certain shift age distributions over the last decade. With baby boomers moving on to retirement, millennials and Gen Xers began to make up the working population. To determine where the different demographics are more present,

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

Study finds small-dollar mortgages denied at highest rate

Urban Institute recently identified a lack of small-dollar mortgages for single-family home purchases. When a shortage of these small loans is present, it is more difficult for those with sufficient credit to find affordable homeownership opportunities in low-cost housing

Buyers will choose pets over dream home

A recent Realtor.com survey of more than 1,000 new homeowners concludes that pet ownership plays a vital role in selecting a home. Most pet owners consider their furry, feathered, or scaly friends as family, but 75 percent of pet-owning buyers

US luxury market sees record growth in July

As the homebuying season reaches its peak for the year, sales in the luxury market continued to grow at a record pace last month. Prices in 19 major luxury markets saw double-digit growth, according to the realtor.com 2018 Luxury

Buyers will choose pets over dream home

A recent Realtor.com survey of more than 1,000 new homeowners concludes that pet ownership plays a vital role in selecting a home. Most pet owners consider their furry, feathered, or scaly friends as family, but 75 percent of pet-owning buyers

Robert Lindemann named managing broker of Coldwell Banker Residential Brokerage in St. Charles

Coldwell Banker Residential Brokerage has announced that Robert Lindemann has been named the new managing broker of the company’s St. Charles office. Lindemann will oversee the day-to-day business operations of the office and provide leadership guidance to its affiliated agents.

NAR: Metro home prices reach record high in Q2

The national median home price for existing single-family homes reached an all-time high, edging up to $269,000, 5.3 percent higher than the second quarter of 2017, according to the latest quarterly report by the National Association of Realtors. As

NAR secures 'a big win' on new tax break for agents

Updated guidance from the IRS related to federal tax cuts passed at the end of 2017 confirmed that many real estate professionals should be able to claim a substantial income deduction once they file their 2018 tax returns, in

Many millennials are prioritizing homeownership over retirement, debt payoff

Despite the high amounts of debt that plague many millennials, home ownership is still at the top of their priority list. For them, achieving the American Dream means buying a home early, even if that means dipping into retirement

Redfin plans long-term with Redfin Now, doubles down on direct buying program

Redfin’s direct home-buying program, Redfin Now, is no longer in testing phase. Redfin recently announced that it has doubled down, making direct home-buying its long-term business plan. Redfin Now buys and lists homes, making an offer to the homeowner

Many millennials are prioritizing homeownership over retirement, debt payoff

Despite the high amounts of debt that plague many millennials, home ownership is still at the top of their priority list. For them, achieving the American Dream means buying a home early, even if that means dipping into retirement

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