News / Features

Luxury home prices level off after post-recession housing boom

  After eight years of the post-recession housing boom and the record-breaking price increases of recent years, the luxury residential market stabilized in 2017, according to the luxury market report by The Institute for Luxury Home Marketing, a partner in

Real Estate in Brief: FHA to expand foreclosure relief for 2017 disaster victims

The Federal Housing Administration revealed its plans on Feb. 22 to broaden foreclosure relief for the victims of 2017’s natural disasters. The move would affect all FHA-insured homeowners in areas affected by Hurricanes Harvey, Irma and Maria, as well as

Which real estate franchisor has the most agents?

The world of real estate is constantly changing and evolving for agents — from the technology they can use to improve their business to the options they have when choosing a franchise. The National Association of Realtors recently released

Illinois features prominently on 2018’s safest US cities list

A pair of Chicago suburbs are among the nation’s top 10 safest cities in 2018, according to a new study from NeighborhoodScout. The site’s annual list of Top 100 Safest Cities in the United States included Buffalo Grove at No.

How top producers work together with mortgage lenders

The mortgage lending industry comes with the occasional surprise, but a great lender will be able to ride the course year after year, continuously helping homebuyers and refinancers obtain the optimum mortgage solutions for their needs. With 2018 predictions

Real Estrange: An oceanfront getaway

Priced at $17 million, this luxurious home in Carmel, California, may catch the eyes of cinema enthusiasts. First seen in the 1992 thriller “Basic Instinct” starring Michael Douglas and Sharon Stone, this 12,000-square-foot, three-story house has a variety of

Illinois home prices rose in January while sales fell

Continued tight inventory in January contributed to an increase in home prices and a decrease in statewide home sales compared to last year’s figures, according to the latest report from Illinois Realtors. In January 2018, total home sales, comprised of

Existing-home sales down for the second consecutive month in January

Existing-home sales fell 3.2 percent in January for the second consecutive month, according to the National Association of Realtors. Last month’s total existing-home sales, including single-family homes, townhomes, condominiums and co-ops, saw the largest annual decline in more than

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MRED signs license with real estate technology platform Remine

Midwest Real Estate Data (MRED) has signed a multi-year license with Remine, a big data and predictive analytics platform designed to help agents identify new market opportunities, according to a press release from both companies. According to the company’s

Real estate tech company Homesnap secures $14 million in funding. How can it help agents?

With its double-pronged approach to cater to both agents and homebuyers, Homesnap continues to increase its reach in the industry, recently securing $14 million in series B funding. Homesnap serves more than 800,000 agents and brokers, helping them boost productivity

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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

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