News / Features

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Construction making its highest contribution to economy in seven years

In 2016, the construction industry made its highest contribution to the U.S. economy in seven years. A recent report from the American Builders and Contractors (ABC) shows that investment in construction is up nationwide. The report showed that in

Median U.S. home value increases by $12,500 since last year

Just months after median U.S. home values reached their highest point in history, home values have continued to rise. Zillow recently released its October 2017 Market Housing report showing that the median U.S. home value stands at $203,400, a $12,500,

Illinois home sales see small rise in October

Forty-three counties in Illinois reported slight gains in home sales in October, according to Illinois Realtors. Last month, 12,796 single-family homes and condominiums sold, up 0.3 percent from October 2016. On average, it only took 54 days to sell

October home sales reach fastest pace in four months

Home sales don’t seem to be slowing down as October recorded the fastest pace of sales since June, according to the latest report from the National Association of Realtors (NAR). Total home sales grew to a seasonally adjusted rate

NAR speaks out against latest proposal to end net neutrality

The National Association of Realtors released a statement on Tuesday highlighting concerns with a recent announcement from the Federal Communications Commission (FCC) that shared their plan to reverse net neutrality regulations which ensure equal access to the internet. With

Century 21 Affiliated announces merger with Ryan Hill Realty

Century 21 Affiliated today announced its merger with Ryan Hill Realty located in Naperville, Illinois. The company, now the Ryan Hill Group, will continue to operate under the Century 21 Affiliated brand, according to a press release. “We could not be

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Chicagoland home sales grow despite dwindling inventory

Despite a decline in properties available, home sales grew in Chicago this October compared to last year, according to the latest report from RE/MAX Northern Illinois. Home sales rose 2.7 percent from last October to 8,931 units, even though

Suburban sprawl set to be a growing trend in 2018

As 2018 approaches, experts at Zillow predict the migration of urban-based millennials to the suburbs, where first-time home buyers will benefit from an expected increase in the new construction of entry-level homes. Millennials who have typically favored urban living

Typical mortgage payment up 10 percent in 2017

With home prices on the rise, average monthly mortgage payments have seen even larger increases over last year. According to a CoreLogic study, the typical mortgage payment for homeowners has risen 10 percentage points in 2017, with a projected

Bridgeview Bank launches bemortgage

bemortgage, a Chicago-based mortgage company that will operate as a division of Bridgeview Bank Group, announced its launch today in a press release. bemortgage was the inspiration of top industry leaders that collaborated to develop an innovative and strategic

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National Flood Insurance Program reauthorized by House of Representatives

After months of urging from the National Association of Realtors, the House of Representatives finally voted to approve the 21st Century Flood Reform Act, which reauthorizes and reforms the National Flood Insurance Program. Originally set to expire in September of

Redfin: Personal values greatly impact homebuying

No matter who you are or what you believe in, your own seemingly-insignificant preferences shed some light on the type of home you prefer. Whether you’re a single woman with a dog or a dad who is glued to

A home for man’s best friend

Living in the lap of luxury takes a turn for the literal in one Miami home that features an extravagant room for a lucky lap dog. In addition to an automated glass car elevator, this 4,252-square-foot behemoth in the

Fannie Mae to help homebuilders obtain loans

Fannie Mae is branching out from the world of mortgage financing and now wants to add homebuilding loans to its list of benefits. Still in the early planning stages, the mortgage pioneer is considering a pilot program designed to

Knock, knock: Amazon Key raises real estate agent concerns

We’ve seen it happen before. First we were introduced to Airbnb, an online marketplace that allows its users to book housing accommodations from a phone, tablet or computer. One year later, Uber burst onto the scene, and pedestrians everywhere

Coldwell Banker Residential Brokerage acquires Gloor Realty

Coldwell Banker Residential Brokerage in Chicago announced today it has acquired the assets of Gloor Realty Company, which does business as Gloor Realty in Oak Park, Illinois.  Gloor Realty, which currently has 52 affiliated agents, will now conduct business

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