News / Features

Beverly Hills Home to Country’s Most Expensive House

The country’s most expensive home sits in Beverly Hills on nearly 25 acres of land. A Mediterranean-style Palazzo di Amore, the property features 12 bedrooms, an in home movie theater, a pool, sauna, tennis facilities and room for 150

Census Bureau: New Home Sales Disappoint in September

New home sales were down last month, but what about 2015 overall? Autumn has been a lackluster season thus far for new home sales, which rose 2.0 percent month-to-month but fell 11.5 percent year-over-year in September, ending the month at a seasonally adjusted

CoreLogic: Cash Levels Approach “Normal” in Chicago

Cash sales dropped ever closer to the pre-crisis norm of 25 percent in July, falling from 34.2 percent 12 months earlier to 30.8 percent, according to a new report from CoreLogic. With traditional financing becoming a more realistic option

Case-Shiller: Chicagoland Home Prices Rising Incrementally

Home prices in Chicagoland have risen steadily, albeit slowly Home prices in the Chicagoland metro area rose 0.7 percent monthly and 1.9 percent year-over-year in August, according to the new Case-Shiller Home Price Indices from Standard & Poor’s. Though

Chicago’s Top-Selling Neighborhoods, Sept. 2015

What Chicago neighborhoods saw the most real estate activity in September? Earlier this week, we reported that home sales in the city of Chicago were up 5.3 percent in September, though median price in the city was flat. Some Chicago

New Orleans’ Historic Tiny Home

Looking to join the tiny home trendsetters? For $100,000 you can own a historic New Orleans’ home in the city’s popular Treme neighborhood. The 523-square-foot property was built in 1929 and has been remodeled with larger windows to brighten

MRED Participates in Land of Lincoln Hackathon

Midwest Real Estate Data, (MRED) Chicagoland’s multiple listing service, is working with the Institute of Electrical and Electronic Engineers  (IEEE Chicago) and CVSHealth for the Land of Lincoln Hackathon. The  event aims to promote the public data found at the State

Chicagoland Home Sales Rise Modestly in September

It was a typical month in autumn for Chicagoland real estate Home sales in the nine-county Chicagoland area rose 5.3 percent year-over-year in September, according to the latest report from the Illinois Association of Realtors. Although sales were down a pronounced

Don’t Hold Your Breath for Any Fannie/Freddie Reforms

Will Fannie Mae and Freddie Mac ever change? Investors and housing advocates alike have anxiously awaited government plans to reform Fannie Mae and Freddie Mac, but recent comments by Obama administration officials indicate they’ll have to wait a bit longer.

A Swiss Chalet’s Unique Twist

This 7,747 square-foot Swiss chalet home in River Forest has a unique feature, a train. Built during the 1920s, the current homeowner, and railroad enthusiast, bought the property in 1974, according to Realtor.com. He experimented with a model railroad in his basement before

RE/MAX Suburban has New Owners

RE/MAX Suburban has recently been acquired by business executives Chad and Sarah Gilbert. Based in Mount Prospect, RE/MAX Suburban also has locations in Arlington Heights, Glen Ellyn, Libertyville, Schaumburg and Wheaton. By the end of 2015, the company is

How Lagging Economic Optimism Impacts Housing

The economy on a whole may be doing better, but most Americans are not directly experiencing those gains The unemployment rate is currently 5.1 percent, down substantially from where it was five years ago. Since bottoming in March 2009, the

Construction Still Impacted by Labor Shortages

Employees of all backgrounds left the construction industry and didn’t come back More than five years after the housing downturn, homebuilders are still grappling with a lack of construction workers, according to a new Wall Street Journal report. There are 1.3 million

Trulia Highlights Supernatural Hazards

Trulia sought to find some of the most unnaturally hazardous places in the country Halloween is nearly upon us, which means it’s time to break out our jack-o-lanterns, cue up our YouTube mixes for Thriller and The Monster Mash,

Apartment Construction Drives Market in 2015

Without the surging apartment sector, where would new construction be in 2015? Housing starts in September were up 6.5 percent from August and 17.5 percent from Sept. 2014 to a seasonally adjusted annual rate of 1.026 million, which is the

BofA Survey: Millennials Confident, Yet Stressed About Money

According to the new Better Money Habits Millennial Report from Bank of America, while 84 percent of Millennials are self-reliant when it comes to managing their own finances, 41 percent are constantly stressed about money. Moreover, the report found that money stress

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