News / Features

Housing Cost Burdens Will Only Worsen Over Next Decade

One in four renters is severely rent burdened Based on current trends of rent gains outpacing incomes, the number of severely burdened renters could increase by up to 25 percent by 2025, according to a study published by the Joint

Illinois has the Fifth Most Unfair Tax System in the U.S.

Illinois has the fifth least fair tax system in the country. That was one of the findings in WalletHub’s application of a nationally representative survey to rank which states had the most and least fair tax systems. The survey

Chicagoland Housing Market Slows in August

As the summer homebuying season winds to a close, Chicagoland’s housing market cools its jets Home sales in the nine-county Chicagoland area totaled 10,854 in August, a 2.8 percent increase from a year ago, according to new numbers from

Existing-Home Sales Slow in August

Market slows in an expected drop as summer comes to a close After three straight months of gains, existing-home sales dipped in August, despite slowing price growth and a positive turnaround in the share of sales to first-time buyers,

Chinese Buyers Paying More for U.S. Homes

Chinese investors who are looking to buy a home in the U.S. will have to pay more, after China’s central bank devalued the yuan on September 15 and 16 in order to make the currency relative to the U.S.

Green Building is Growing Faster than Conventional Construction

According to the 2015 U.S. Green Building Economic Impact Study, conducted by the U.S. Green Building Council, the green building sector is anticipated to provide 2.3 million American jobs this year – a result of construction growth. The green construction

The 2015 Agents’ Choice Awards – Vote Now!

Voting for our 2015 Agents’ Choice has now ended. Thank you for your votes! Stay tuned for our announcement of the finalists, and for the Oct. 19 publication of our Agents’ Choice issue, which will feature all the winners.

Zillow, Move and NAR Legal Entanglement Tightens

The maelstrom of litigation swirling around syndication heavy hitters Zillow and Move Inc. continues to grow. News recently broke that Zillow filed a countersuit in response to the “whistleblower” letter, written by former Zillow vice president Chris Crocker, Move first

1980s Australia Duplex Undergoes Impressive Renovation

Built on the edge of a cliff, this Queensland, Australia property offered a limited view of the Pacific Ocean until designers Jamison Architects rescued the property with massive improvements. The 1980s duplex now features a double-height living room, expansive

Mike Long Joins john greene Realtor

Mike Long, a real estate professional of 17 years, has joined Naperville-based john greene Realtor as a broker. “It’s exciting for me to join a firm that has one of the most impeccable reputations working in the same neighborhoods

The Federal Reserve Punts on Raising Interest Rates

Interest rates are staying right where they are…for the time being. And so the speculation continues for another month. After weeks of outside editorial, predictions and warnings, the Federal Reserve announced today that it will leave interest rates at their

Fannie Mae Reports Easing Credit Standards

Mortgage standards are easing across all loan types, according to the new Mortgage Lender Sentiment Survey from Fannie Mae. The survey was conducted in August, and asked senior mortgage executives whether their organizations’ standards had eased, tightened or remained

David Weekly Homes Hosts Back to School Drive

David Weekly Homes recently hosted a Back to School Drive that benefited the Walter and Connie Payton Foundation. The organization helps abused, neglected and underprivileged children in Illinois. David Weekly Homes’ CARE program is a volunteer project that partners team members,

Builder Confidence at Highest Level Since Oct. 2005

Builder confidence in the market for newly constructed single-family homes rose another point to 62 points on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). It is the highest number since October 2005. David Crowe, the

CoreLogic: Chicago Slowly Builds Equity

Since last year, more than one million homes have found their way out of negative equity, a report from CoreLogic revealed. Since the second quarter of 2014, when 5.4 million homes, or 10.9 percent of all residential mortgages, were underwater, strong

“The Flintstone House”

Live like our favorite couple from the Stone Age, the Flintstones, in this 1970s home, which is on the market for $4.2 million. According to Curbed, architect William Nicholson constructed the property as “an experiment in innovative building materials.”

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