News / Features

Illinois homes fly off the market while prices increase

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

NAR invests in new e-closing platform

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

Homebuilder confidence soars since last May

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,

Home sales decline for third consecutive month while prices rise

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 —

Olympian Michael Phelps to speak at National Association of Realtors conference

More than 20,000 Realtors, industry experts and guests will be in Chicago from Nov. 3-6 at the 2017 Realtors Conference & Expo, themed “The Sky is the Limit.” Saturday’s general session keynote address will be presented by 23-time Olympic

Redfin Mortgage coming to Illinois

Redfin Mortgage, an offset of Redfin, is expanding its reaches into Illinois later this year. The loan-lending company, which launched in January 2017, was initially only operating in Texas, but is now setting its sights on Illinois this year

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How many working hours does it take to buy a home?

The ability to own your own home is a dream for most Americans, but depending on which part of the country you live in, that may require more working hours than in other locations. A recent report from How Much

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Chicagoland homes being snatched up in record time

Anyone involved in the sale or purchase of a home has likely dealt with some effects of a tight inventory, which has been coloring the residential market across the country this year. Housing data shows that whenever homes do go

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And the award goes to…

It’s barely October, and awards season has begun. It’s the Agents’ Choice Awards that get us started down this road, and I didn’t hear anyone thank me, which seems like a big miss. I’ll forgive you, partly because I

Pretty in pink

This Miami penthouse priced at $39 million was recently put on the market by Regalia Beach Developers. And there’s a gift inside! Besides having six bedrooms and a wine cellar, it also comes with a rare pink diamond estimated

A desert oasis

Originally built in 1928 for a Chicago heiress, this Palm Springs, California, home has been the picture-perfect portrait of luxury ever since its blueprints were drawn up. Set on 4 acres with mountain views, luxury pools and a four-car

10 spookiest street names in the Chicagoland area

Nearly every kid has that creepy house at the end of the lane, the one all their friends would whisper about and race their bikes past. The one the neighborhood children would ding-dong ditch or dare each other to

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Rising sea levels pose biggest threat to owners of less-expensive homes

It’s common knowledge that ships and boats can sink, but can you imagine a sunken community? A recent report revealed that $916 billion worth of U.S. homes could end up underwater due to the sea level increasing by just

Chicago No. 13 best city for trick-or-treating

Just in time for spooky season, Zillow has compiled another list of the 20 best cities for trick-or-treating, and Chicago lands at lucky No. 13. To determine where trick-or-treaters can get the most amount of candy with the least

Chicago, Illinois submit official bid to lure Amazon

Amazon’s recent announcement that it is seeking a location for a new second headquarters sent cities around the country — and even in Canada — scrambling to submit proposals to lure the ecommerce giant. Naturally, Chicago wants in on

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Suburban rules: Majority of new homes built in community association

A recent survey shows about six out of every 10 homes built in 2016 were built within homeowner’s or community associations. The U.S. Census Bureau’s Survey of Construction (SOC) defined homeowner’s associations as “formal legal entities created to maintain common

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