News / Features

Luxury homes prices up nearly 8 percent in the first quarter

Luxury home prices rise nearly 8 percent to average sales price of $1.8 million in the first quarter of 2018, according to a new report from Redfin. An analysis of over 1,000 cities by Redfin indicates prices of the top five percent

Homeowners expected to spend tax returns on larger homes

With the latest tax plan that is expected to give Americans a larger tax return, many plan to spend their tax cuts on larger houses and home renovations in 2018, according to a new report from Zillow. Zillow estimates

@properties announces opening of new Arlington Heights office

Looking to expand in the west and northwest suburbs, @properties has announced that it will be opening a new office in Arlington Heights. The new office is located at 31 S. Evergreen Ave., near the intersection of Arlington Heights

Real Estate in Brief: Zillow lawsuit dropped, home flipping on the rise and more

A class-action lawsuit that charged Zillow with deceptive business practices designed to mislead consumers has been dropped. A Federal district court has dismissed the lawsuit last week. The lawsuit claims that Zestimates, Zillow’s algorithm-based property estimate tool, are commonly inaccurate as

4 highlights from the Realtors Legislative Meetings & Trade Expo

The annual Realtors Legislative Meetings & Trade Expo took place last week in Washington D.C. and covered a variety of topics impacting the real estate industry. Couldn’t make it to D.C. for the event? We share some of the

NAR: Home sales expected to increase in 2018 despite housing shortage

Home sales across America are expected to continue rising throughout 2018 thanks to the nation’s stronger economy. The National Association of Realtors’ Chief Economist Lawrence Yun predicted the increase in sales during his 2018 mid year forecast. According to

Chicagoland neighborhoods rank high in national homeownership surveys

Chicago is one of the rare major housing markets in the country that hasn’t seen an explosion in price and dip in inventory that many large coastal markets have. That’s not the only thing going for the local housing

Real Estrange: Versailles-inspired chateau, Home with a history

Versailles-inspired chateau A luxurious property named the Maison Des Jardins on Long Island in New York, modeled after Versailles and Château de Vaux-le-Vicomte, is now listed for $60 million. Featuring a soft limestone facade and Italian marble covers, as

Homebuyers with lower credit scores pay nearly $21,000 more in mortgage costs

Determining how much they could spend on a home was the most frequently named financing concern among a third of all U.S. buyers during the home buying process. A major factor in what a homebuyer can afford is their

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Builders begin to refocus on entry-level homes

Low inventory is impacting home sales across the country and one of the categories that have been hardest hit are entry-level homes. However, according to the latest survey from Builder Online, builders are starting to hone in on starter

Real Estate in Brief: Expected home appraisals at best level in three years, and more

In the past year, appraisals are more likely to be in line with, or even higher than, owners estimate. Appraised values were just 0.33 percent lower than what homeowners expected, according to National Quicken Loans Home Price Perception Index.

Growing homeownership rate helps in increasing household wealth among Hispanics

Household wealth is increasing among America’s Hispanic population, according to The Hispanic Wealth Project’s 2018 Annual Report. The Hispanic Wealth Project has been working to achieve their goal set in 2014 of tripling Hispanic household wealth by 2024. One

Homes listed on Wednesdays sell for more than any other day

Listing your home on a Wednesday tends to be more profitable than listing on any other day of the week, according to a new study by Redfin. The study analyzed 100,000 homes sold in 2017 and compared the sales

Home prices increase in first quarter of 2018 as inventory lags

Home prices are creeping up across the country as inventory continues to hover near all-time lows, according to the National Association of Realtors’ first quarter report. Total existing home sales declined slightly in the first quarter of 2018 versus

Amazon and Lennar partner to create Alexa-controlled smart homes

Amazon and Lennar announced its new partnership to provide Alexa-enabled smart homes in certain markets across the country. Homebuyers can get homes that come with features that can be controlled with Alexa including Wi-Fi, smart locks, doorbells, thermostats and

Heather Gustafson joins Compass’ new development division

Compass today announced the launch of its new development division based in Chicago with the hiring of Heather Gustafson as managing director of new development. Gustafson was previously a broker at @properties and led the Heather Gustafson Group, which

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