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Real Estate in Brief: Builder confidence steadies, home sizes decrease and more

While tight inventory continues to nag the U.S. housing industry, homebuilders around the country are confident in the market, according to the National Association of Home Builders. The Housing Market Index revealed that builder confidence for new single-family homes

Redfin: A quarter of buyers would be ‘unfazed’ by rising mortgage rates

As the mortgage rate slowly rises in the beginning of this year, only 6 percent of homebuyers said they would cancel their plans to buy if mortgage rates surpassed 5 percent, according to a late 2017 survey by Redfin. By the end

With rising in home prices, nearly two-thirds of the market hit all-time highs

In the final three months of 2017, home prices overall reached an all-time high in 114 markets, according to the latest quarterly report by the National Association of Realtors. The national median price for a single-family home in the

How Related Midwest will transform luxury living in downtown Chicago with One Bennett Park

Now the tallest all-residential building in Chicago, Related Midwest’s One Bennett Park captured the public’s attention immediately upon its unveiling in July 2014. The new 70-story tower has instantly become a notable addition to the downtown skyline – while

What wealthy millennials want in their luxury homes

Rich millennials, dubbed the “New Aristocracy,” are shaping to be a profitable and impactful generation in the world of real estate. According to a report by Luxury Portfolio International, these buyers, driven by large inherited wealth, are setting their

Lennar and CalAtlantic finalize merger, now officially nation’s largest homebuilder

Lennar’s previously announced merger has succeeded, now making CalAtlantic a wholly-owned subsidiary. The merger was approved by 99.4% of the Lennar stockholder votes and 99.9% of the CalAtlantic votes, according to Housing Wire. “We are extremely pleased to announce the completion

Single homebuyers require 11 years of savings to afford a down payment

Singles aspiring to become homeowners require patience before they can fulfill this element of the American dream — almost 11 years’ worth, according to a new Zillow analysis. To afford a 20 percent down payment on the average U.S. home,

National Real Estate News Briefs: Trulia launches new tool to provide local LGBTQ non-discrimination laws

Trulia has launched a new tool to help homebuyers who may encounter discrimination due to their gender or sexual orientation. The real estate listing company will now include a feature called Local Legal Protections, that gives insight into a

Real Estrange: Glass house a clear winner

Those who throw stones need not apply! This modern three-bedroom home recently hit the market recently in Berkeley, California, for $1.8 million. Built in 1954 by architect Donald Olsen, who lived in the home until his death in 2015,

Despite difficulties, more people want to own homes

According to new analysis of a consumer survey from the National Association of Realtors, the vast majority of non-homeowners said that they want to own a home in the future. NAR recently analyzed the results of its 2017 Housing

CoreLogic: Home prices increase for fifth consecutive month

Home prices continue to significantly rise both year over year and month over month, according to CoreLogic’s Home Price Index (HPI). U.S. home prices in December 2017 were a substantial 6.6 percent more than December 2016 and 0.5 percent more

National Real Estate News Briefs: NAR suspends listing technology project

The Realtors Property Resource (RPR), a subsidiary owned by the National Association of Realtors, is suspending its Advanced Multi-List Platform project and will promptly start to wind down its operations. NAR CEO Bob Goldberg made the decision to cut

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Seller profits hit 10-year high

Home sellers in Q4 2017 reaped an average home price gain since purchase of $54,000, the highest since Q3 2007, according to ATTOM Data Solutions’ Year-End and Q4 2017 U.S. Home Sales Report. In comparison, the average from the

Pending home sales rise for third consecutive month

For the third consecutive month, pending home sales rose slightly in December, according to the National Association of Realtors. The Pending Home Sales Index, an indicator based on contract signings, rose to 110.1 in December, an increase of 0.5

2017 Illinois housing market surpasses 2016 levels

The Illinois home market ended 2017 on a high note in terms of both median prices and sales, with the former increasing for 64 straight months. However, due the lack of available inventory, the number of home sales in

Report reveals most financially valuable home projects

In this year’s Cost vs. Value report from Remodeling Magazine, “curb appeal” projects led the way with increases in value. The report measured the average payback for 21 common professional remodeling projects in 149 major U.S. markets. While only

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