News / Features

Naperville named No. 3 most successful city in America

A recent report from Zippia named Naperville the third most successful city in the country. Data such as poverty level, median household income, and unemployment rate were carefully observed from the 2010-2014 American Community Survey to determine which cities

13 Coldwell Banker agents nationally ranked in REAL Trends

The 2016 REAL Trends The Thousand recognized several independent sales associates in the Chicagoland area from Coldwell Banker Residential Brokerage. The REAL Trends report is advertised in The Wall Street Journal, and names the top residential real estate agents in

Home prices are outpacing wages, and that’s a problem

Homeownership has become much less affordable for Chicagoland consumers the last few years, according to a new analysis from RealtyTrac. The Q2 2016 Home Affordability Index, which compares wage growth to home price increases, found that without exception, home prices

Sears’ Homebuilding Past

In the early 1900s, Sears became one of the first mass builders to utilize “balloon” style framing, also known as “Chicago construction,” which only requires one carpenter on site. From 1908 to 1940, Sears sold between 70,000 to 75,000

Housing Meets Hollywood

Los Angeles is home to the nation’s film and television industry, and residence can now be a part of the industry with a new service called Wrapal. The app, created by an L.A. filmmaker, lets anyone in L.A. list

What goes into a new home’s price? Most consumers have no idea

There is a significant disconnect between consumers and homebuilders, according to a new analysis from the National Association of Home Builders. Comparing Census Bureau data with that of its most recent Home Buyer Preferences Survey, the NAHB found that

NAR voices support for bills in favor of alternatives to FICO

Earlier this month, the National Association of Realtors (NAR) expressed their support for two bills that aim to make it easier for consumers to build credit and secure a mortgage. The first bill NAR expressed support for is H.R. 4172,

Chicagoland real estate is hot heading into summer

The Chicagoland housing market continued its strong spring activity in May, according to new stats from the Illinois Association of Realtors. May home sales for the nine-county area totaled 11,664, a 7.5 percent increase from a year ago. Median sales

A leader emerges for the Tribune Tower sale

The iconic Tribune Tower has been for sale since Oct. 2015, and until recently, there has been little to no information on a leading buyer. That has changed, however, with Los-Angeles based developer CIM group now leading the charge for the

Landscaping done right: do’s and don’ts this summer

Homebuyers are buying more than walls and windows when they visit an available space, they are buying the landscaping as well. If left uncared for, homebuyers could be turned off to the sale. Here are do’s and don’ts for landscaping

What goes into a new home’s price? Most consumers have no idea

There is a significant disconnect between consumers and homebuilders, according to a new analysis from the National Association of Home Builders. Comparing Census Bureau data with that of its most recent Home Buyer Preferences Survey, the NAHB found that

33 Chicagoland agents ranked in NAHREP’s top 250

The National Association of Hispanic Real Estate Professionals released their top 250 Latino agents awards for 2016, and 33 Chicagoland agents were among those honored. Agents were nominated for their significant number of transactions and dedication to homeownership. The 33 agents

Chicago developer Bill Smith dies at 65

W. Harris “Bill” Smith, the principal of Smithfield, passed away June 18 from a heart attack. He was 65. Described as an “eclectic developer” by Crain’s, Smith oversaw numerous developments throughout the city, including Clybourn Corridor’s SoNo, the Chicago

This Week in Chicago Real Estate: New townhouse development in West Loop, bungalow renovation controversy and more

Did you miss out on any of this week’s top real estate news? Notable news this week included plans of a new townhouse development for the West Loop and controversial changes to a historic Chicago-style bungalow. Just in case

Chicagoland’s Top Closings, May 2016

In our latest Real Data report, we’ve detailed the agents who closed May’s top home sales throughout Chicagoland. Click on the tabs below to adjust between the single-family, condo, and townhome markets: Single Family Condo Townhome Single Family Sales Price Property

7 incredible stats on how student debt is harming the housing market

Student debt continues to be a major problem for the housing market, according to a detailed new survey from the National Association of Realtors and SALT, the consumer literacy program. The survey, which sampled thousands of non-homeowners currently repaying

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