News / Features
To meet increasing demand in the Chicago-area housing market, @properties has announced the opening of four new offices: West Loop, Logan Square, Gold Coast and Wilmette. West Loop, 1023 W. Fulton Market: Located just across from Google’s Chicago headquarters, the
With high-paying job growth and upward stock market trends, the luxury home market has seen significant changes in the first half of 2018, according to realtor.com. Despite luxury home prices rising 4.6 percent for $1 million-plus homes, sales have
Construction activity for single-family homes declined in June, according to the latest monthly report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Single-family home starts in June 2018 were at a seasonally adjusted annual
The Federal Housing Finance Agency (FHFA), which acts as the chief regulatory authority for government-sponsored mortgage finance firms Fannie Mae and Freddie Mac, announced it was no longer pursuing an effort to update the credit scoring models used to
About 80 percent of real estate executives agree that teams have facilitated growth in their brokerage’s business over the last five years, according to new research from an Imprev Thought Leader Study. Teams are becoming increasingly popular and encouraged, with
Existing-home sales fell in June for the third straight month, according to the latest report from the National Association of Realtors. Completed transactions on single-family homes, condominiums, townhomes and co-ops fell 0.6 percent to a seasonally adjusted annual rate
Overstock.com is breaking into the real estate market with the upcoming launch of O Real Estate, its new property management site. Overstock purchased Houserie in February, establishing a foundation for their overall goal: to be a one-stop real estate
Last week, the National Association of Realtors shared its support for the 21st Century Internet Act introduced by Rep. Mike Coffman. The act seeks to take net neutrality out of the hands of the Federal Communications Commission (FCC) and
Alongside travel and leisure, a recent study by Voya Financial identified homeownership as one of the most important goals that people wish to achieve by the time of their retirement, reported HousingWire. In fact, 80 percent said they wish to
Illinois experienced a strong demand for homes in June as homes sold quicker and at higher median prices last month, according to the Illinois Realtors monthly home sales report. In June, total sales of single-family homes and condominiums were
Millennials have turned out to be the largest generation in history, but surprisingly, they make up the smallest percentage of U.S. homeowners among all generations. Although most millennials, those ages 18 to 34, have reached their peak homebuying years,
A consensus among mortgage industry leaders heading into 2018 was that interest rates would rise. The Mortgage Bankers Association predicted that interest rates could hit 5 percent by the end of the year. And while mortgage interest rates have
For young adults, owning a home can be a daunting and expensive task. As a result, it is common for most young adults to take place in house sharing, which is an easy way to save money. It’s so common
Redfin announced this week that it will be looking to raise up to $239 million through a combination of stock and debt offerings. According to a filing made with the U.S. Securities and Exchange Commission, Redfin said that it
For-sale-by-owner (FSBO) listings tracked by the National Association of Realtors comprised only 8 percent of all home sales in 2017, the lowest rate since NAR began tracking the figure in 1981. FSBO sales as a percentage of all residential
A recent study by SmartAsset ranked Chicago one of the top 10 most undervalued cities in the United States. Based on variables such as unemployment rates, price per square foot, crime rates and other factors, the study analyzed data