News / Features
While casual observers might have been expecting dismal numbers in the latest jobs report from the Bureau of Labors Statistics following expectedly soft figures in May’s report, Friday’s jobs report was actually pretty encouraging. The total nonfarm job count rose by 224,000 in June, and the unemployment rate of 3.7 percent represented almost no change from the previous month.
This summer, the mortgage industry has good news for veterans in high-cost real estate markets thanks to the Blue Water Navy Vietnam Veterans Act, recently signed into law. But the bill was nearly bad news for those interested in VA loans, as previous versions would have raised VA loan fees.
Zestimates have reportedly been upgraded to incorporate artificial intelligence and machine learning capabilities that the company says will improve accuracy. But despite these touted improvements, the feature, which lets homeowners and prospective buyers see the estimated value of almost any residence, remains controversial.
A recent report estimates that the average trip to work for Chicagoans clocks in at 31.8 minutes. While no one likes sitting in traffic, what to do about it is another question.
The Counselors of Real Estate, an international organization for commercial real estate professionals, ranked what its membership body recently voted on as the current and emerging issues it expects to have the most significant impact on real estate. Topping the...
The number of mortgage applications submitted during the week ending June 21 grew 1.3 percent, and rates on the standard 30-year fixed-rate mortgage continued their downward slide.
In a big-name move announced this week, Drussy Hernandez will become Fulton Grace Realty’s first-ever vice president of agent development. With decades of experience under her belt, Hernandez is a well-known figure in the Chicago real estate world, and says the move will provide "more of what I’m used to: that spirit of collaboration and belonging and welcome.”
Chicago’s newly-appointed commissioner of the Department of Housing gets an earful at city hall, livability may not be priced into real estate, a first-of-its-kind graduate certificate in real estate development is coming this fall and much more in our weekly local news roundup.
Less than a week after the National Association of Realtors reported stronger than expected existing-home sales for the month of May, there’s more good news for the U.S. housing market. NAR’s Pending Home Sales Index for May came in 1.1...
Trump seeks to prioritize affordable housing with an executive order, proposed mortgage reforms are already adding on to borrowing costs, new home sales tick lower again and more in our weekly roundup of national real estate news.