News / Features

Coldwell Banker announces new senior VP for city region

Coldwell Banker Residential Brokerage has announced Charles “Chip” Cornelius as its new senior vice president of its city region. In this role, Cornelius will manage the day-to-day operations of the company’s Chicago offices. “Chip has been a fixture in the

Rich, saturated colors and mixed metals among the top home design trends in 2018

Expect urban farmhouse designs, fashion-influenced trends, mixed metals and richly saturated colors to make a splash this year. Angela Nuessle, director at Pulte Homes National Interior Design, recently revealed the latest design and décor trends that are sure to be

Income growth in 2018 not enough to keep pace with increasing home prices

In 2018, home sales, housing construction and home prices are all likely to increase modestly, according to Freddie Mac’s January 2018 Outlook. Home sales are forecasted to reach 6.35 million in 2018, up slightly from 6.17 million in 2017.

UK buyers eager to join Chicago’s homeowner ranks

An international city with broad appeal in terms of education and job opportunities, Chicago is an attractive destination for foreign buyers who want to relocate to the United States. A new study shows that its desirability is increasing among

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December mortgage applications jump nearly 8 percent

A new report from the Mortgage Bankers Association shows that mortgage applications in 2017 increased 7.1 percent from 2016, including a 7.8 percent hike in December to close out the year. “After playing catchup for two months following the

Buying a home more affordable than renting in over half of US housing markets

ATTOM Data Solutions released its 2018 Rental Affordability Report, which showed that buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 U.S. counties analyzed. The analysis included recently released fair market rent

Chicagoland home sales soar in final quarter of 2017

The inventory shortage in the Chicagoland area may not have improved at the end of 2017, but the number of home sales reached its highest point since 2006, with 116,081 properties sold, according to RE/MAX. The median sales price

Zillow: Crisis-level inventory shortage plagues US housing market

Home shoppers looking to buy in 2018 will have 10 percent fewer homes to choose from than a year ago, according to the December Zillow Real Estate Market Report. The for-sale inventory across the nation has been falling on

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Chicago makes it to the second round for Amazon’s HQ2

Amazon announced on Thursday that it has narrowed its list potential sites for its second headquarters to 20 cities, and Chicago is on the list. The company received proposals from 238 locations that were hoping to woo the ecommerce

RE/MAX: 2017 rounds out with record high home prices and low inventory

2017 ended as a seller’s market, with rising home prices and low housing inventory greeting homebuyers across the nation. According to the latest RE/MAX’s National Housing Report, home prices are hitting record highs in December 2017. The median home

Crowdsourcing platform to help employees pay off down payments

With rent costs soaring and student loans piling up, it’s no secret individuals aged 18-35 need all the help they can get to afford some of life’s necessities, like buying a home. In fact, 70 percent of millennials say

Early-stage mortgage delinquencies increased following active hurricane season

Following a very active hurricane season, the number of early-stage mortgage delinquencies increased in October to 2.3 percent, up from 2.2 percent in October 2016, according to CoreLogic’s latest monthly Loan Performance Insights Report. However, the number of mortgages

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Study shows STEM pros thrive in Chicago

Chicago recently ranked No. 9 on a list of cities for STEM professionals, or those who work in science, technology, engineering and mathematics careers. For the study, WalletHub analyzed U.S. Census Bureau data of the country’s 100 largest metropolitan

$1 million isn’t so luxurious anymore

In a recent examination of homes in the United States — whether or not they were for sale — Trulia found that, while not quite literally, $1 million homes are a dime a dozen these days. Across the country’s

Must-have kitchen designs for 2018

Many homeowners around the country have big renovation plans for 2018, and a number of them are eying the heart of their home: the kitchen. According to the 2018 U.S. Houzz Kitchen Trends Study, 87 percent of homeowners are making

FHFA looks to update credit scoring, mortgage financing in 2018

The Federal Housing Finance Agency will be making changes as outlined in its 2018 Scorecard, which was released late last month. The scorecard highlights specific conservatorship priorities for Fannie Mae, Freddie Mac and Common Securitization Solutions (CSS). The three main

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