News / Features

Cook County leads the nation in population decline

Cook County, Illinois, had the biggest population decrease in the country last year, according to data from the U.S. Census Bureau. The county’s population declined by 20,093, from about 5.23 million in 2016 to about 5.211 million in 2017 —

Homeowners have gained the highest amount of equity in four years

The average American homeowner gained about $15,000 in home equity in 2017—the most since 2013, according to the latest CoreLogic Equity Report. Higher home-equity wealth typically promotes higher spending, and IHS Markit analysis predicts that a gain of $15,000

Illinois Realtors: Chicagoland home prices jump more than 10 percent

Illinois median home prices escalated in February due to lower housing inventory and strong buyer demand. According to a news release from Illinois Realtors, the statewide median home price in February 2018 was $185,000, up 8.8 percent from $170,000

Illinois Realtors shares transition plan after updates to Real Estate License Act

Last fall, Gov. Bruce Rauner signed into law HB 3528, which included updates to the Real Estate License Act. Some of the major changes include a revised list of subject areas for courses, a redefinition of the “core” curriculum

AgentEDU expands its training curriculum with new Assistants track

It can be difficult for many agents to take the leap from working alone to hiring an assistant to help. It is even more difficult to find someone who has previous experience in the real estate industry. Once an

How the tax reform impacts potential homeowners

The recently passed Tax Cuts and Jobs Act of 2017 makes significant changes to tax benefits for homeowners, including decreasing the limit on borrowing subject to the mortgage interest deduction from $1 million to $750,000, and capping deductions for both state

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Which Chicagoland city was named one of America’s 10 best places to live?

Chicagoland is home to one of the top 10 best cities to live, according to a new report. Naperville earned the No. 2 spot on Niche’s 2018 list of Best Cities to Live in America. Surpassed only by Ann

Almost 100,000 members of Generation Z own homes

More than 99,000 members of Generation Z — those born in 1995 or after — have mortgages, according to credit agency TransUnion. While this is less than than every other generation — compared to more than 12 million millennials, nearly 24

Chicagoland home market faces familiar obstacles in February

Limited inventory of homes for sale and increasing home prices are trends that still dominate the Chicagoland housing market, hampering home sales, according to the February 2018 sales report from RE/MAX Northern Illinois. February home sales activity dipped 2.2

After two months of declines, US existing-home sales increase in February

After two consecutive months of decline, existing-home sales around the country rebounded by 3 percent from January, according to the National Association of Realtors. Existing-home sales grew from 5.38 million in January to 5.54 million in February and are currently up 1.1 percent

Many millennials rely on family support to buy first home

The real estate market has shown home price increases continue to outpace income growth, so it comes as no surprise that millennials are willing to accept financial assistance to achieve their American Dream. A new Apartment List report found that 17.1

Real Estrange: Famous movie mansion, plus a spiritual retreat

Famous movie mansion Be ready to get all jacked up on Mountain Dew, because Ricky Bobby’s mansion is for sale. Priced at $4 million, the North Carolina mansion was used in the filming of “Talladega Nights: The Ballad of

Confidence down among homeowners, but rising among homebuyers

While confidence among current American homeowners has been in decline the past two quarters, confidence among new homebuyers is up, according to ValueInsured’s most recent Modern Homebuyer Survey. The nationally tracked housing confidence score for homeowners dropped 2.6 points from

Real Estate in Brief: Affordable 3-D printed home makes its debut at SXSW

Source: ICON A Texas-based startup is attempting to tackle the affordable housing issue with a 3-D printed house. ICON unveiled its 650-square-foot 3-D printed house at SXSW 2018. The house would be made of cement and take up to

Qualia’s home-closing platform expands industry reach

Closing is often one of the hardest parts of the home purchasing and selling process due to the difficult process of getting all involved parties on the same page at the same time. Qualia, a web-based software platform, aims

2017’s first-time homebuyer market was strongest since 2006

In 2017, more than 2 million new or existing homes were purchased by first-time homebuyers, according to the First-Time Homebuyer Market Report from Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. The report, which measured data from the

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