News / Features

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

Millennials remain the most active buying generation for fifth consecutive year

Despite low inventory and rising housing costs, home purchases by millennials grew last year, marking the fifth consecutive year they’ve been the most active generation of buyers, according to a recent study from the National Association of Realtors. The 2018

Naperville named the best city to raise a family nationwide

Naperville topped Niche’s 2018 list of Best Cities to Raise a Family in America, recognized especially for its great public schools and variety of outdoor activities as an ideal place for parents to raise children. Niche, a ranking and

Illinois continues to have one of the highest property tax rates in the country

Illinois was recently ranked one of the worst states in the country for property taxes. The study was conducted by WalletHub and calculated each state’s effective real estate tax rate by dividing the annual taxes of a median priced

National mortgage rates on the rise, could impact housing prices

Years of historically affordable mortgage rates could come to an end as rates rise and are expected to escalate even further throughout 2018. So far, mortgage rates have increased nearly 50 basis points since the beginning of this year,

Midwest Real Estate Data announces hiring of new CTO

Midwest Real Estate Data has announced that industry veteran Chris Haran will be joining the organization as its Chief Technology Officer. Haran comes to MRED from Coldwell Banker Residential Brokerage, where he had served in a variety of roles since

Real Estate in Brief: NAR supports proposed association health plan rule

The National Association of Realtors has expressed support for a new regulation proposed by the U.S. Department of Labor that would expand the definition of “employer” to encompass “working owners” and could result in trade associations like NAR being able

Experience a new level of comfort in condo living at Renelle on the River

  “It’s exciting to be right on the cusp of something new,” says Beth Wexner, a senior sales broker for @properties and lifelong Chicagoan. Over the last decade, she has seen the Chicago Riverwalk’s transformation from an afterthought into

Cohousing developments continue rise in popularity

Imagine a world in which your next-door neighbor not only is your best friend but your de facto babysitter, your source for sugar when you realize mid-baking session that you’re out, and your dinner companion when you’re home alone.

New Subscribe

  • This field is for validation purposes and should be left unchanged.