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Almost half of all Americans are concerned about affordable housing, survey says

The availability of affordable housing is a concern for many consumers, according to the National Association of Realtors’ 2017 National Housing Pulse Survey. The survey, which measures consumers’ attitudes about housing issues in the nation’s largest metropolitan statistical areas,

How much you need to earn to live in Illinois’ most expensive ZIP code

Chicago has a number of expensive neighborhoods and suburbs that attract wealthy residents, but one northern suburb is home to the most expensive ZIP code in the state. GOBankingRates found the most expensive ZIP codes in every state and determined

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Chicago ranks as the top city in the country for ‘green’ buildings

As Chicago moves toward running completely on clean energy, the city came in on top in the 2017 National Green Building Adoption Index. The report looked at the growth of Energy Star and LEED-certified office spaces since 2005 in

Apartment demand grows to near-record highs nationwide

According to the analytics firm RealPage, apartment demand increased to a near-record amount in the second quarter. Demand rose to 175,645 apartments nationally, up one-third from the demand level at this time last year. “Today’s strong demand for apartments

Homebuyers can search for homes by school district with new Realtor.com feature

A major factor for many people when searching for a new home is the school district that they will be placed into. Now, narrowing down homes based on schools is easier. Realtor.com announced the launch of home search by

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Chicago ranks in the top 5 on Schroders Global Cities Index

Chicago was ranked by Schroders Global Cities Index for being a prime global location for real estate. Coming in at No. 4, Chicago is one of 18 American cities listed in the top 30 by Schroders. The index utilized a number of factors

Home price index soars in May

Home prices continue to grow on both a year-over-year and month-over-month basis, according to the CoreLogic Home Price Report for May. Nationwide, home prices are up 6.6 percent in May 2017 compared to May 2016. May home prices increased

U.S. homes are the least affordable since 2008, new report finds

The U.S. affordability index dropped to 100 in the second quarter of 2017, which is the least affordable level since the third quarter of 2008, according to a new report from ATTOM Data Solutions. The affordability index measures the

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Spending on Chicago construction decreased in May, according to new report

Dodge Data & Analytics released new statistics on money spent on new Chicago construction Thursday. The report considered all May 2017 constructions starts in the Chicago area. There was a decrease of 14 percent for nonresidential construction starts between this year

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More and more people are bidding on homes they haven’t seen

Those looking to buy homes in this market have little time to ponder if they want an available home. In fact, more and more people are bidding on a home without even seeing it in person, according to a

NAR names Bob Goldberg as new CEO

After a months-long search, the National Association of Realtors (NAR) announced the selection of Bob Goldberg as the next chief executive officer for the company on June 23. Goldberg joined NAR in 1995 and currently serves as the NAR

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Renters don’t believe it’s a good time to buy, report says

America’s housing market might be notably stronger than it was when the recession hit nearly a decade ago, but not everyone is ready to jump back into buying. Despite wanting to purchase a house of their own one day,

The average millennial needs to save for 13 years to afford a home in Chicago, study says

As millennials have aged into the largest homebuying population in the country, economists and real estate experts have spent considerable time figuring out why the group is slow to buy homes. Millennial spending habits have been blamed, as has

Potential homebuyers could crowdfund their future homes

Fundrise, a Washington D.C. managing company, created a way for prospective homebuyers to crowdfund their future homes. Public investors buy shares in an “eFund,” a limited liability company that develops housing in the city. Investors must make a minimum

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Home price index hit five-month record high

Home prices rose across the country, according to a report released Tuesday. S&P Dow Jones Indices announced the positive results of the S&P CoreLogic Case-Shiller Indices, which measures U.S. home prices. The U.S. National Home Price NSA (non-seasonally-adjusted) index showed

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Homeowners believe it is a good time to sell. Why won’t they?

Market factors indicate that it’s a seller’s market, yet the number of homes for sale is at a record low. Now, an overwhelming percentage of homeowners believe it is a good time to sell, leading some to conclude that

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