News / Features
With more homebuyers competing for a limited supply of homes, sellers are upping their prices to match the high demand, according to the S&P CoreLogic Case-Shiller Indices for August 2017. The National Home Price Index reported a gain of
Airbnb is getting more involved in the real estate industry, as it recently announced its partnership with Newgard, a Florida developer, to create a new residential rental complex called Niido. Located in Kissimmee, Florida, the multifamily building includes 324
With just one month left in the year, it’s clear that the dominant characteristic of the 2017 housing market has been low inventory. While that’s resulted in higher prices and fewer sales overall, one thing is clear: People are
Lennar and CalAtlantic Group announced a $5.7 billion stock-and-cash deal on Oct. 29 to create the largest homebuilder in the United States. This is the largest homebuilder merger since the financial crisis. With this deal, the companies said it
The National Association of Home Builders announced on Oct. 30 that it does not support the forthcoming GOP tax plan, which would ax the mortgage interest tax deduction (MID), eliminating an estimated $80 billion in homeowner subsidies annually. Until
Home developers around the country are having to be more resourceful, as the amount of available land in the United States shrinks while builders require higher wages and the price of materials increase. The result, according to a recent
The National Association of Realtors recently released its Realtors Confidence Index (RCI) to gauge Realtors’ feelings about the overall market, including local real estate market conditions, characteristics of buyers and sellers, and external factors affecting homeownership and sales. Overall, the confidence index
The number of residential homes being built in Chicagoland may be on the decline, while more money is being spent on erecting commercial buildings, according to the most recent monthly Dodge Data & Analytics report. In the Chicago-Naperville-Joliet MSA,
The number of non-current mortgages and mortgage delinquencies in the U.S. rose significantly in September, in large part due to Hurricanes Harvey and Irma. Delinquencies have increased significantly since both storms have hit, climbing higher than they’ve been since
Despite all the technology that’s involved in the real estate industry today, there still remains a human element that won’t be going away any time soon. House hunters and potential buyers can search for homes all they want, but
In the Chicagoland market, Chicago had the most luxury home sales in the third quarter of 2017, according to a new report. While the city’s inventory of homes of at least $1 million decreased 5 percent since Q3 2016,
The internet offers scores of tips and resources for finding a mortgage, but according to a recent survey conducted by Fannie Mae’s Economic & Strategic Research group, homebuyers feel more comfortable shopping for mortgages with assistance from specialists. According
As 2017 reaches its final months, the most dominant trait in residential real estate continues to be low inventory. In Illinois, this meant in September that buyers race to snatch up homes quickly after they’re listed and for higher
The National Association of Realtors’ investment branch, Second Century Ventures, recently announced its investment in Notarize, an online notarizing service bringing mortgage signings and closings into the 21st century. “As one of the only 13 investments SCV has made
Homebuyers are becoming more and more eager to build their homes from scratch, this according to a recent report put out by the National Association of Home Builders in collaboration with the Wells Fargo Housing Market Index. Since last May,
For the third month in a row, there was a decline in home sales in September. However, the average home sale price continues to rise. A recent Redfin report shows that in September, home sales fell by 8.1 percent —