News / Features

Dream Town Realty enters partnership with luxury firm TOWN Residential

Dream Town Realty has joined with TOWN Residential, a New York luxury real estate services firm, in a strategic partnership to further expand their reach in the luxury market and provide new referral opportunities for their brokers and agents.

Mortgage delinquency dips to lowest rate in more than a decade

The number of past-due mortgage payments and of homes currently in some stage of foreclosure are the lowest they’ve been in 10 years, according to the monthly CoreLogic Loan Performance Insights Report. The report, which analyzes the health and

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Chicago ranks No. 10 on world’s best cities list

In a recent study from Resonance Consultancy, Chicago was named the 10th-best city in the world and third-best city in the U.S. based on its impressive architecture, vibrant cultural scene and countless opportunities for urban exploration. BestCities.org assessed the

Agents not spared from effects of net neutrality repeal

The Federal Communications Commission vote on Thursday to repeal Obama-era net neutrality rules will have enormous consequences for the real estate industry, the National Association of Realtors said in reaction to the hotly contested move. Real estate agents and companies

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FHA to stop insuring mortgages with PACE loans

In a move the housing industry deems a victory, the U.S. Federal Housing Administration will no longer insure mortgages on homes that also carry liens by the Property Assessed Clean Energy program, PACE. When the Obama administration decided to

NAR seeks to impact tax reform

The National Association of Realtors (NAR) released a letter Tuesday asking Congress to make three critical changes to the tax reform bill. NAR President Elizabeth Mendenhall calls upon Congressional leaders to “retain current law on the capital gains exclusion for the

Minority homeownership lags in the United States

While homeownership continues to be a key part of the American Dream, minorities in the United States lag behind the rest of the country in homeownership rates. According to a new report from ABODO Apartments, a national apartment listing

Compass gains $450 million in real estate tech investment

Real estate tech company Compass announced it received a $450 million investment from Japanese company SoftBank Vision Fund on Dec. 7. This investment stands as the largest real estate technology investment in U.S. history and brings the total capital

Chicago real estate community mourns the loss of prominent local developer

Jacob Dochee, 45, known as “Jacob Da Builder” in the Chicago real estate community, passed away on Dec. 8. Dochee and his brother-in-law, Samieh Jawdac, were killed when the Lamborghini they were in crashed on Interstate 57 near south

The Related Group launches sales of new luxury condominum development in Cancún

The Related Group recently launched sales of Harbour Beach Cancun (HBC), its luxury condominium development in the highly popular oceanfront city of Cancún, at a special event held in Chicago on Nov. 7. HBC marks Related’s fourth development in Mexico, and

Short-term extension approved for National Flood Insurance Program

Congress approved a short-term extension for the National Flood Insurance Program (NFIP), which was included in a temporary federal government funding deal made Thursday. The extension ensures the program will operate as normal through Dec. 22. Its future, though, remains

First-time buyers see best market quarter in nearly two decades

First-time homebuyers have an easier entry into the market as the year winds down because of a market sector that is having best quarter since 2000 — despite low housing inventory — largely due to historically low mortgage rates,

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Forecast: 2018 market to favor buyers

Inventory, the Achilles’ heel of the 2017 housing market, is expected to loosen up in 2018, providing relief for buyers who were edged out of the market this year, according to the realtor.com 2018 Housing Forecast. The report expects

Guaranteed Rate adds two to senior executive team

Guaranteed Rate has added two new members to its senior executive team, appointing Steve Moffat as chief marketing officer and Brendan Noonan as chief brand officer. “Steve and Brendan both have a depth of experience driving the growth, visibility

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Chicago home prices jump nearly 4 percent

Home prices in Chicagoland had a year-over-year increase of 3.8 percent in October while national prices increased 7 percent, according to the recent CoreLogic Home Price Index. The national increase marks the fourth consecutive month of growth of 6

Zillow: Homeowners spend less of their income on mortgage payments than they did historically

New research from Zillow shows that mortgage payments today are consuming a smaller percentage of the average homeowner’s income than they did historically. The typical homeowner saves roughly $3,3oo annually on mortgage payments, compared to how much it would

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