News / Features

MRED VP of product management announces retirement

Lynn Strantz, Midwest Real Estate Data’s vice president of product management, announced her retirement today. Strantz has spent 25 years in the MLS industry and 10 years with MRED, having joined the organization when Multiple Listing Service of Northern Illinois

Social media sparks millennial interest in homebuying

Of the many factors prompting homeownership, one particular catalyst that encourages millennials to delve into real estate is social media. In surveys that compare social media’s influence on millennial first-time homebuyers to all first-time homebuyers (of which millennials make

NAR pauses rebranding rollout due to member feedback

Upon this week’s announcement of a new logo for the first time in 45 years, the National Association began to hear backlash from its members. Many agents around the country not only disliked the design but were confounded by

12 Chicagoland communities make 100 richest places in America list

Of the top 100 richest places to live in America, 12 are in Illinois — with three suburbs of Chicago new to the ranks. The list, compiled by Bloomberg, takes into account data from the 2016 U.S. Census to

Home prices across the country already beating last year’s highs

Home prices across the country are heating up faster than the temperature as the spring market gets underway. According to realtor.com’s March 2018 monthly housing trend report, the U.S. median listing price for a home was $280,000 last month,

Rising interest rates and home prices hit home-searching millennials hardest

Interest rates and prices are steadily rising across the housing market, leaving millennials are more likely than their generational counterparts to change the type of homes they’re willing to purchase. According to data found from a survey conducted by

Multigenerational households gain popularity in the US

The percentage of Americans living in multigenerational households is at its highest since the 1950s. Using data from 2016, Pew Research Center estimated that 64 million people — or 20 percent of the U.S. population — live in a house

Illinois streamlines real estate licensing process with new online system

The process of applying for a real estate license or transferring an existing license in Illinois is expected to become significantly easier as the Illinois Department of Financial and Professional Regulation (IDFPR) unveils a new online system. Managing brokers,

Real Estate in Brief: CoreLogic Home Price Index reveals home prices increase and more

The latest Home Price Index from CoreLogic reveals that U.S. home prices increased for the seventh consecutive month in February, up 6.7 percent from February 2017 and 1 percent from January 2018. CoreLogic’s HPI Forecast predicts that U.S. home prices

NAR unveils new ‘multi-dimensional’ look

After 45 years, the National Association of Realtors’ familiar logo is on the way out in favor of a refreshed new look that the organization hopes symbolizes its focus on the future. The new logo — featuring a 3-D

Will economic confidence translate to the real estate market?

The number of homeowners and potential buyers feeling confident about the economy and their current financial situation is increasing, but they continue to have concerns about the housing market, according to the National Association of Realtors’ Housing Opportunities and

Real Estrange: A pulp residence

A pulp residence The home of Quentin Tarantino’s character Jimmie Dimmick in his 1994 Oscar-winning film “Pulp Fiction” is on the market for $1.395 million. Remember the scene when Samuel L. Jackson and John Travolta crash at Jimmie’s house

Cover story: How to succeed as a managing broker

Top agents, association executives and company owners might be the public faces of the real estate industry, but there’s someone else who is responsible for much of those people’s success and whose job is unique among real estate professionals:

Listing descriptions can increase sales price by up to 29 percent

When looking for a new home, many buyers have specific amenities and features on their wishlists, ranging anywhere from state-of-the-art kitchen appliances to solar panels and other green features. These amenities aren’t just important for buyers — they can

Lack of new-home sales fuels amped-up spring competition

Buyers can expect the coming months to be the most competitive buying season in years, largely because not enough new homes were sold this winter to quell the demand, according to a new report from realtor.com. About 618,000 newly constructed

How different generations rely on agents during homebuying process

Of all the tools available to potential homebuyers, members of the millennial and baby boomer generations cite their real estate agent as their most-relied upon resource while searching for a new home, according to a recent survey by Owners.com.

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