News / Features

Leading Real Estate Companies of the World hires new vice chairman

The chairman and chief executive of a leading New York real estate firm will become the vice chairman of the Leading Real Estate Companies of the World, the organization announced Thursday. Diane M. Ramirez, CEO of Halstead Real Estate, has

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Chicago suburb named one of the best areas for families

For families hoping to relocate, Chicagoland’s Aurora suburb is a strong choice. In fact, a recent HomeUnion report listed Aurora as one of the country’s best places for families to live. The study analyzed markets across the country based

Cool, neutral paint colors may help increase home sales, study says

Choosing the right paint colors can make a major difference when it comes to home sales, according to a Zillow study. Zillow conducted its 2017 Paint Color Analysis of more than 32,000 photos of U.S. homes sold between 2010

@properties moving into luxury rental market

The largest independent residential brokerage firm in Illinois is setting its sights on Chicago’s luxury apartment market. @properties recently acquired two apartment brokerage firms, StudentSpace and MedResidences, and created a full-service luxury apartment rental division, according to an announcement made

Coldwell Banker names Bob Kohler director of leasing division

Coldwell Banker Residential Brokerage has announced that real estate veteran Bob Kohler will lead the company’s leasing division. Kohler, a 15-year veteran of the industry, will oversee the day-to-day operations and will drive the division’s overall business strategy, Coldwell

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This year’s blistering start to the homebuying season cooled in April, NAR says

After a hot start to the homebuying season, pending home sales in April slumped for the second consecutive month thanks in part to “astoundingly” low inventory, according to the National Association of Realtors. NAR’s pending home sales index shows

Home prices continue to hit record highs in March

Home prices hit a 33-month high in March on S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which continues the trend of rising home prices across the nation. The index saw a 5.8 percent annual gain in March,

National home values surpass pre-recession peak, study says

It took a decade to get there, but the average United States house is now worth more than it was when the median home value hit its peak right before the recession.  According to Zillow’s April market report, April

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Existing home sales fall in April due to low supply

Low inventory led to decreasing existing home sales and days on market in April, according to the National Association of Realtors. The median days on market also declined, reaching a new low of 29 days. Total existing home sales,

New home sizes shrink as demand for entry-level homes increases

After the 2009 recession, single-family home sizes have been increasing. But lately, that trend has been changing as builders are capitalizing on the demand for starter homes, according to the National Association of Home Builders. The median single-family square

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Trump’s tax plan a ‘non-starter’ for homeowners, NAR says

Though it would keep in place mortgage interest deductions, changes to the federal tax code proposed by President Donald Trump would hurt homeowners and the real estate industry, according to the National Association of Realtors. NAR commissioned PricewaterhouseCoopers to

Zillow’s ‘Zestimate’ facing class-action lawsuit, reports say

The Zestimate, Zillow’s algorithm-based property estimate tool, has long been a source of frustration for agents and those listing their homes. Now, the feature on Zillow’s popular website has officially come under fire, as two lawsuits against the online

Homes are selling faster than ever as inventory tightens

Demand for homes continues to grow as houses are selling faster than every before, according to Redfin. Typical homes went under contract in 40 days in April, 10 days faster than the previous year, making April Redfin’s fastest month on

Townhouse construction grows to help meet starter home demand

Despite a recent lull in growth, townhouse construction proves to be a crucial part of the entry-level housing market. In fact, a recent report by the National Association of Homebuyers predicts construction of this type of home will increase

The Realtor of today: breaking down NAR’s 2017 member profile

What does the typical Realtor look like, and how was business for them in 2016? The answer obviously varies from market to market and from age group to age group. But the survey results in the National Association of

Lamborghini not sold separately

A Gold Coast mansion worth $6.25 million has been put on the market, and it comes with a brand new 2017 Lamborghini Huracan Spyder LP580-2. According to GuideAutoWeb.com, the Lamborghini is worth more than $210,000. The home, built by

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