Nearly half of those who are planning to buy a home this year are first-time homebuyers, according to the first edition of Housing Trends Report (HTR) from the National Association of HomeBuilders. The survey found that 17 percent of respondents

As is the case around much of the United States, the low number of homes for sale is fueling competition, driving up prices and holding back the number of sales. That was the case in Chicagoland and throughout the

Sustainable and eco-friendly homes are becoming increasingly desirable to homebuyers. In a recent survey from the National Association of Realtors’ Sustainability Program, Realtor respondents reported that the majority of homebuyers — 61 percent — are interested in green living. Additionally, 71 percent say

After joining the Chicago real estate market last fall and quickly attracting one of the city’s top-producing teams, Compass has now made its first major acquisition: Conlon Real Estate. The purchase was announced today in a press release. “In

March marked the second straight month of increases for existing-home sales in the country. Total existing-home sales rose 1.1 percent to an annual rate (seasonally adjusted) of 5.60 million, up from 5.54 million in February, according to NAR’s most

This March, the market saw an increase of 8.9 percent in median sales price from a year ago, achieving the highest rise in price in over four years, according to Redfin. The median home sale price in March was

The construction industry rose 8.5 percent in real value for the fourth quarter of 2017, the largest increase since the first quarter of 2016, according to the latest release from the U.S. Bureau of Economic Analysis. This surge is an encouraging sign

Kim Kerbis, a top-producing real estate broker at @properties, has joined its management team as vice president of brokerage services and managing broker in the firm’s Goose Island office. “I am honored and excited to serve the best real estate

Finding dry land Named Shipwreck House for “evok(ing) images of a ship grounded along the shore,” this three-bedroom, four-bathroom, eco-friendly $2.9 million home nestled on a mountainside in Newcastle, California, attracts those who embrace green technology. An undulating roof

Nationally, homes are less affordable than a year ago, meaning fewer households can afford what’s currently on the market based on household income, according to joint research by the National Association of Realtors (NAR) and realtor.com. “Wages are growing, which

M/I Homes is debuting its Smart Series homes in two suburban Chicago locations. The Lakewood Springs development in Plano, IL will have 55 single-family homes priced from $189,990 to $213,990, while the Legacy Pointe development in Joliet, Illinois, will have 155

Hurdlr, a Washington, D.C.-based startup that helps freelancers monitor expenses, taxes and other back end personal business needs, recently announced a new focus on the real estate industry. It will provide agents with goal-setting features paired with its original income-tracking

Homebuyers hoping to own a new home by summer may have to be more patient, according to a recent report by realtor.com. The seasonally adjusted numbers in the latest residential sales report released by the U.S. Census Bureau and U.S. Department of

Zillow recently expanded its Instant Offers platform to a second city as part of an overall plan to get into the buying and selling game around the country. The product got its start in Las Vegas last year and

Americans were more confident about buying a home in March than in April, according to the latest Fannie Mae’s latest Home Purchase Sentiment Index, which increased 2.5 points in March to 88.3, a significant change compared to the 3.7 point

Those buying a home in the U.S. are facing difficulties as housing prices continue to surge for the 24th straight month, which caused home sales to decline for the fourth straight month, creating a seller’s market across the country.