News / Features

Existing-Home Sales Improvements Highlight New Construction Slump

NAR’s September existing-home sales reports marks a bounce back from August’s dip. In August, existing-home sales took a slight dip from their peak pace in July. However, after a month of decreased activity, sales again picked up, this time

How Homebuyers in Illinois Find Their Homes

There are many ways that homebuyers can go about locating their new residence, but how what are the most common methods among Illinois homebuyers? Last week, we reported that nationwide, the methods in which homebuyers find their dream residence

.REALTOR Domain Launch Date

In September, Chicago Agent magazine reported on the National Association of Realtors announcement to launch the .REALTOR domain to be used exclusively to represent NAR member websites. Today, the association further announced that starting tomorrow, October 23, the domain

Chicago’s Top-Selling Neighborhoods

What neighborhoods in our fine city saw the most home sales in September? Last week, we reported on Chicagoland’s top-selling suburbs in September, and now – armed with more statistics from Redfin’s monthly Real-Time Housing Market Tracker – we’re back to report

The Top 6 Reasons Why Sales Do Not Close

What are the most common reasons for why sales do not close? From financing issues to disagreements over the final sale price, there are many possible reasons for why a sale did not close, so we decided to take a closer look via newly

Living in (Single) America

Americans love being single, according to new Census Bureau data, and that trend will likely impact housing in noticeable ways. For the first time since the government began tracking such statistics in 1976, there are more single adults in

Fannie and Freddie to Allow 3% Down Payments on Mortgages

Fannie and Freddie are close to lowering their down payment requirements for borrowers. Fannie Mae and Freddie Mac, the government-sponsored entities (GSE) that guarantee the majority of the nation’s prime mortgages, are nearing an agreement that would lower their

Chicagoland Housing Market Contradictory as Ever in September

It was the same old story for the Chicagoland housing market in September. Home sales in the nine-county Chicagoland area totaled 9,117 homes in September, falling 6.4 percent from Sept. 2013 and 12.1 percent from August, according to new

Coldwell Banker Broker Bob Dohn Named 2014 REALTOR of the Year

The Mainstreet Organization of Realtors (MORe) has selected Bob Dohn, a Realtor with Coldwell Banker Residential Brokerage in Schaumburg, as the 2014 Realtor of the Year. MORe’s Realtor of the Year is selected using a list of criteria that includes local, state and national Realtor association service,

Your Mind on Multitasking

Today’s agent doesn’t look busy unless they’re multitasking. Unfortunately, that frantic lifestyle may be hurting their brains. A smartphone in one hand, tablet in the other, Bluetooth in the ear and a laptop in the car seat – the

58 BHHS KoenigRubloff Realty Group Agents Received 2014 Chicago Five Star Real Estate Agent Award

Fifty-eight KoenigRubloff sales professionals recently received the 2014 Chicago Five Star Real Estate Agent award, an award produced by Five Star Professionals to recognize service professionals who provide quality services to their clients. Five Star Professional, founded in 2003 and based in Minneapolis,

NAR CEO Debunks Myths About News Corp. Acquiring Move, Inc.

Recently, it was announced that Rupert Murdoch’s News Corp. has made a bid to acquire Move, Inc. and all of their subsidiaries for $950 million, a deal that is expected to close before the end of the year. Staff

Reports Show An Increase in Prospective Buyers

In August, Redfin reported a market-wide drop in homes for sale and new listings that hampered the searches of prospective buyers. However, in its latest report, the real estate company found that demand in September was up, and will

7 Important Things You Should Know About New Construction

The new construction markets are in a very interesting place, a fact reinforced by the latest Census Bureau numbers. Housing starts in September were at a seasonally adjusted annual rate of 1.017 million, a 6.3 percent increase from August’s revised

The Top-Selling Suburbs in Chicagoland

What suburbs in Chicagoland generated the most home sales in September? It’s that time of the month again – time to find out what suburbs in the massive Chicagoland area generated the most home sales. This time around, we’re

New Mortgage Rules to Be Finalized Oct. 22

Three years later, the government is finally set to reveal its new requirements for mortgages, and much has changed in the interim. The government is set to finalize the final piece of its post-bubble mortgage regulations on Oct. 22,

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