News / Features

Chicagoland Habitat for Humanity partners with Wintrust Financial

Chicagoland Habitat for Humanity announced a year-long partnership with Wintrust Financial, who is also the lead sponsor of Habitat’s summer initiative, “Building On!” Although Wintrust has been consistently supporting Habitat for Humanity for the past, this year’s contribution is

Joliet, Illinois’ Haunted Mansion

While one real estate agent expected a property rumored to be haunted would be hard to sell, she found the exact opposite to be true. A Joliet, Ill. mansion sold above asking price during a bidding war within a

Top 10 Dangers Facing the National Association of Realtors

The National Association of Realtors face 10 big dangers – none of them easily solved What are the threats that could impact the residential real estate industry? NAR’s “Danger Report,” a new report commissioned to the Swanepoel | T3 Group, analyzes the

3 Things to Keep in Mind as New Home Sales Near 7-Year High

New home sales up quite a bit so far in 2015, but many market forces remain at work The good news continued for new construction in May, with new home sales rising 2.2 percent from April and 19.5 percent from May

NAR: International Sales Total $104 Billion

Although international home sales declined last year, total dollar volume saw a 13 percent increase, according to the latest report from the National Association of Realtors. From April 2014 to March 2015, total international sales were at an estimated $104 billion, compared

Federal Savings Bank Sues Two Former Employees

Chicago-based Federal Savings Bank has brought a lawsuit against two former employees, alleging solicitation and “absconding” of a high-profile account. According to a report in The Real Deal, Federal Savings Bank is suing Ace Watanasuparp and Ronald Riemer for

Existing Home Sales – and Prices – Rise in May

NAR reports home sale increases, though prices also continued to rise Existing-home sales rose 5.1 percent in May up to a seasonally adjusted annual rate of 5.35 million, up from an upwardly revised 5.09 million in April, according to

A New York Landmark: The Mushroom House

In the 1970s, an architect and sculptor came together to design what is now known as the Mushroom House, a 4,000 square-foot property in Perinton, New York’s Powder Mills Park that resembles a mushroom. The property, built on concrete

Seller’s Market Pushes Chicagoland Real Estate to Positive Territory

May was a very good month for sellers in the Chicagoland area Home sales in the Chicagoland area were up 7 percent in May, while median sales price rose 7.2 percent, according to the latest analysis from the Illinois Association

A Cheesy Bid

Free pizza for life and an extra $26,000 doesn’t sounds so bad, does it? A Portland couple found themselves in an interesting situation when they received four offers within three days on their Portland home. Fortunately for one of

The 10 Most Competitive Neighborhood Housing Markets in Chicago

Where in the 234 square miles of Chicago are the most competitive housing markets located? “It’s still a seller’s market in Chicago.” That was the conclusion of Nela Richardson, Redfin’s chief economist, in the brokerage’s latest Real-Time Housing Market Tracker,

Snakes in a House?

A Maryland couple has filed a $2 million lawsuit against a realtor for allegedly selling them a $410,000 home they claim is infested with snakes. To make matters worse, the couple claims the former owners were aware of the

The Pros and Cons of Foreign Real Estate Investment

The short term benefits and long term detriments of international buyers in the U.S. market International investors in the real estate market has been something of a hot topic over the past few years. Since the housing market crash,

Builder Confidence Hits Yearly High in June

Builder confidence in the market for newly built, single-family homes in June rose five points to 59 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). That is the highest level of confidence since Sept. 2014.

In Chicago, Women More Likely To Be Denied Mortgages Than Men

Women of nearly every income level are impacted by a gap in mortgage approval rates Women were 14.5 percent less likely to have purchase loans originated than men from 2011 to 2013, and were 17.4 percent less likely to have refinance loans

Why so Few Renters are Buying Homes

Many wonder why renters are not buying homes at a higher rate, but when one analyzes the numbers, it makes perfect sense. First, there was the notable study from John Burns Real Estate Consulting, which found that only 14.7 percent

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