News / Features

Predictive analytics preferred over realty AI, says survey

According to a recent survey from Imprev Thought Leadership, two out of three real estate executives favor newer technology such as Predictive Analytics, Marketing Automation and Big Data for future business, while less than half are willing to invest

Home value perception gap narrows for fourth consecutive month

Although homeowners and appraisers don’t see exactly eye to eye on home values, the gap is narrowing, according to the latest National Quicken Loans Home Price Perception Index (HPPI). According to the September update, appraisers’ valuations were 1.14 percent

Alexa, order me a house?

After becoming everyone’s go-to online shopping mecca, formidably contending with Hulu and Netflix and even upending the grocery industry by buying Whole Foods, it’s clear that Amazon is in the business of disrupting just about any industry it chooses.

New flooring trends for single-family homes

The trends they are a changin’. Resilient — or vinyl — flooring is out, and real hardwood floors have reemerged as the leader in the flooring market. A new report from Home Innovation Research Labs shows that in the last 12

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Millennials want smarter homes over starter homes

Millennials are interested in smart homes, and are willing to pay more for them. Because these 18- to 35-year-olds represent the first generation born into the digital age, they are thought of with negative connotations like laziness and vanity.

What baby boomers want in their next home

In a recent poll about what baby boomers want as they move into retirement, many said they are looking for homes near their grandchildren and homes with a multi-car garage and storage. According to the Del Webb Baby Boomer

Chicago third among U.S. cities in new safety report

People in Chicago are regularly inundated with news about the city’s danger and violence, but a new report shows that the country’s third-largest city is safer than typically thought. In the Safe Cities Index 2017, Chicago ranks No. 19

Matt Difanis installed as President of Illinois Realtors

Realtor Matt Difanis has been installed as the 2018 President of Illinois Realtors. He is a co-owner of RE/MAX Realty Associates, with offices in Champaign, Mahomet and Monticello. Difanis took his real estate pre-licensing coursework in 1998 while still

Dan Wagner installed as President-elect of Illinois Realtors

Realtor Dan Wagner has been installed as the 2018 President-elect of Illinois Realtors. Wagner is the senior vice president of government relations for the Oak Brook-based Inland Real Estate Group of Companies, one of the nation’s largest commercial real

Home sweet (haunted) home?

Are prospective buyers willing to make a haunted house their next home, or would they rather run screaming to the hills? That’s what Realtor.com set out to decide in its recent Haunted Real Estate survey of more than 1,000

Mortgage delinquency drops in July

It’s as easy to pay mortgages on time now as it was 10 years ago in July 2007, this according to CoreLogic’s monthly Loan Performance Insights Report. 4.6 percent of mortgages were in some stage of delinquency in July — a decrease of 0.9 percent from July 2016

Chicago luxury home sales see major jump

In the first half of 2017, sales of high-end homes increased substantially while sales of homes $500,000 to $1 million dipped. According to John Irwin Chicago Real Estate, in 2017 there’s been a 26 percent increase in sales for

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Consumer confidence in housing market matches June’s all-time high

The Fannie Mae Home Purchase Index rose 0.3 points in September to 88.3, matching June’s sentiment, which is the index’s all-time high. Not only do a record number of people think now is a good time to buy, but

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Appealing to Chicagoland locals can lead to success

New data from Trulia shows that people are more adept at searching for homes in their metro area’s suburbs than people who live elsewhere and are looking to move to that metro. In fact, 60 percent of all home

Porches rise in popularity when constructing new homes

In 2017, the home trends seem to indicate that people want to spend more time outside, but not far from home. Porches seem to be swinging back in style with a majority of new home construction projects begun in

Sherwin-Williams picks its 2018 color of the year

Source: Sherwin-Williams Sherwin-Williams released its 2018 Color Forecast, where Oceanside was named color of the year. Oceanside (SW 6496), a rich, deep blue color, won for its comforting warmth, while still leaving a hint of the unknown, evocative of

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