News / Features

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Lack of new single-family homes to throw wrench in buying season

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

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Zillow rolls out home-selling initiative

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

Real Estate in Brief: Americans’ confidence gets a boost, HUD initiative for veteran housing and more

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

RE/MAX: Most of the country is a seller’s market

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.

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HUD joins DOJ to fight sexual harassment in housing

On April 12, U.S. Department of Housing and Urban Development Secretary Ben Carson and Attorney General Jeff Sessions announced the debut of an initiative intended to promote public awareness and increase the reporting of sexual harassment in housing. The

Study names the most expensive housing market in Illinois

While the country continues to see the effects of an improving economy and low unemployment rates, the recovery is less than ideal for those who want to purchase a home. Homebuyers are up against an increasingly expensive market, with

Late spring is prime time to sell home

The spring housing market is expected to be one of the most competitive in years, making it a seller’s market across the country. But that’s not the only reason why homeowners who have been considering selling should do so

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

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