News / Features

Anywhere Real Estate, Keller Williams and RE/MAX commissions settlements receive final court approval

Other settlements are still awaiting final approval, including the $418 million settlement with NAR.

Nearly half of all adults would buy their childhood home if they could afford it

Zillow attributes this trend to a growing sense of nostalgia for easier times.

NAR Chief Economist Lawrence Yun optimistic about real estate industry this year and beyond

Yun expects existing home sales to show gains in 2024, 2025 and eight of the next 10 years.

Association CEOs Michelle Mills Clement, John Gormley and Jeff Lasky weigh in on NAR settlement and where we go from here

Agents have been turning to their associations with questions ever since NAR settled in March to end litigation over broker commissions.

Changes to MLS from NAR settlement to take effect Aug. 17

NAR previously said the changes were expected to start in mid-July.

Charitable giving increased among Realtors last year

The typical amount donated annually was $1,000, up from $800 in 2022.

A castle in Barrington for $1.75 million

A six-acre castle estate blends medieval and modern elements — and it’s for sale in Barrington for $1.75 million.

An orange work of art in Palm Springs

This vibrant, orange stucco home in Palm Springs is even more colorful on the inside.

Warren Buffett’s HomeServices of America settles compensation lawsuit for $250 million

HomeServices of America is the last defendant to settle in the case.

Shrinking inventory slowed Illinois home sales during March

In March, 10,024 homes sold in Illinois: the lowest number seen since 2008, according to new data from Illinois REALTORS®.

@properties and Christie’s International Real Estate opt to settle broker-commission lawsuits

At World Properties LLC, the Chicago-based company that owns @properties and Christie’s International Real Estate, has agreed to settle all claims brought by sellers relating to broker commissions.

CoStar Group acquires 3D capture company Matterport

CoStar Group Inc., a global real estate information marketplace, will acquire Matterport, which pioneered the development of “digital twins”: the 3D capture method which can deliver photorealistic, virtual home tours.

Chicago Gen Z-ers on track to own before age 30

The step from renting to owning is not a step, exactly. It’s a leap. And that financial leap is smaller for Gen Z living in Chicago, according to a new study from RentCafe.

Drussy Hernandez to step down as president of the Chicago Association of REALTORS®

Erika Villegas will move into the role of CAR president.

High suburban prices appear here to stay

Chicagoland suburban prices were up 9.3% year over year during March, continuing a steady climb — with no signs of slowing, according to the Mainstreet Organization of REALTORS®.

MRED votes to remove term limits for its Board of Managers

MRED’s parent company MLSNI would still need to approve the change before it becomes official.

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