News / Features

Bad News For the Middle Class = Bad News For Housing

Whenever you see a report on America’s evaporating middle class, you should think about the implications for housing. Homeownership is a defining symbol of American middle class life; indeed, the quintessential image of a single-family detached house, complete with

Zillow-Trulia Deal Complete; What’s Move Inc.’s Next Move?

With the close of the multi-billion dollar acquisition deal between Zillow and Trulia now complete, the landscape of online real estate is about to change dramatically again. Zillow yesterday completed its acquisition of Trulia, shelling out $2.5 billion for

Allen Tate Companies’ Pat Riley Named Chairman of Leading Real Estate Companies of the World

Pat Riley, president and chief operating officer of Allen Tate Companies, has been elected to a two-year term as chairman of the board of Leading Real Estate Companies of the World (LeadingRE), a global network of more than 500 market-leading

Why is Builder Confidence So Out of Touch with Reality?

Builder confidence is far above the rate of new construction; what gives? Here’s an interesting nuance to the housing recovery: the Housing Market Index, which tracks builder confidence, dropped a couple points from January to February, finishing at 55;

UPDATE: ListHub to Trulia: Five Days Left

In an ongoing battle to reign supreme over real estate listings, Move today announced its split with Trulia. And the blows keep landing. In a continuing battle over listing dominance, ListHub, which is owned by Move. Inc, operator of

Majority of Chicagoans Now Live in Rental Housing

Just how dramatic has housing shifted towards rentals, in the last seven years? Fifty-two percent of Chicago residents now live in rental housing, up from 46 percent in 2006; as if that weren’t enough, the renter population in Chicago

3 Reasons that Mortgage Rates Remain So Darn Low

Why are mortgage rates still so low? Allow us to count the ways. Average rates for the 30-year FRM may have ticked up last week, but they remain at their lowest point since May 2013. What’s behind the low stature

EXIT Realty Welcomes Danny Lewis and Team

Danny Lewis and the Lewis Real Estate Group, formerly of Kale Realty, are the newest addition to EXIT Realty run by Broker/Owner Nick Libert. As the largest and most productive office of EXIT in Illinois, Libert is excited to welcome a

Multifamily Construction Picks Up Where it Left Off in 2015, Drives Market

It was the same old story in January, with multifamily construction leading the way. Another year, another setting for multifamily dominance in residential construction. That was the central lesson from the Census Bureau’s latest report, which found multifamily permits, starts

Berkshire Hathaway HomeServices KoenigRubloff Realty Group Amongst Top 15 Producing Real Estate Offices in Illinois

Four of Berkshire Hathaway HomeServices KoenigRubloff Realty Group’s offices were ranked amongst the top 15 offices for 2014 in Illinois. BHHS KoenigRubloff Realty Group’s Magnificent Mile, Gold Coast, Lincoln Park Clybourn, and Lincoln Park Clark offices ranked in the top

Developers and Architectural Organizations Honored with LISC Chicago’s Neighborhood Development Awards

Five community developers and three architectural organizations were recognized for outstanding projects in Chicago communities on Tuesday, February 17, 2015 for the 21st Annual Chicago Neighborhood Development Awards (CNDA). The ceremony, organized by Local Initiatives Support Corporation (LISC) Chicago, gathered

Zillow Officially Acquires Trulia for $2.5B, Gives Birth to ‘Zillow Group’

Zillow yesterday completed its acquisition of Trulia, shelling out $2.5 billion for its former rival and forming the “Zillow Group,” the parent company that will now house not only the Zillow and Trulia brands, but also StreetEasy and HotPads. Though nothing has

Chicago Amongst Top Moving Destinations in 2014

In 2014, just as in the years before, Americas are on the move to the many destinations that our nation has to offers. According to data compiled by Penske Truck Rental, do-it-yourself movers are consistently moving to the warm and

Fed Study: Student Debt Clearly Pushing Down Millennial Homeownership

A new study from the Federal Reserve brings more evidence to the table on the damaging economic effects of high student debt burdens We’re written in the past about the effects of student loan debt on the housing market

Should Real Estate Agents Prepare For the Drone Revolution? Not So Fast

Sure, the FAA finally ruled on drones, but that doesn’t necessarily mean the drone floodgates are now open. After considerable deliberation and anticipation, the Federal Aviation Administration finally unveiled its regulations for commercial drone usage on Sunday, which, in tandem

FTC Approves Zillow’s Acquisition of Trulia, Closure Expected Soon

After a considerable waiting period, it looks like Zillow will officially acquire Trulia. It was way back in July 2014 when Zillow first announced its $2.9 billion acquisition of syndication rival Trulia, and now, after considerable anticipation, it seems

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