News / Features

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,

Owning in Chicagoland Considerably More Affordable than Renting

When conditions are right, owning in our area is much more affordable than renting. Homeownership in the Chicagoland area remains 43 percent more affordable than renting through 2014’s third quarter, according to a new analysis by Trulia; that’s slightly

IAR and Habitat for Humanity Partner to Provide Low-income Families Affordable Housing

The Illinois Association of Realtors® (IAR), the only advocate for private property rights at the State Capitol in Springfield and in city halls across Illinois, donated $48,000 to Fox Valley Habitat for Humanity® (FVHFH) at the Neighborhood Sponsorship Division to

Fifth Third Bank Appoints Matt Koch Senior Vice President, Affiliate Head of Mortgage

Fifth Third Bank recently announced that Matt Koch was appointment as Senior Vice President, Affiliate Head of Mortgage effective Sept. 29, 2014. Koch received his undergraduate degree from Baldwin Wallace College, and since then has gained more than 17 years experience in the mortgage industry. Prior

2014 Agents’ Choice Awards Winners!

After weeks of voting and more than 50,000 votes cast, we finally announced the winners of our 2014 Agents’ Choice Awards last night during a party at the beautiful 850 Lake Shore Drive. See below for the complete list of

Cash Sales Report Shows More Investors Leaving

Cash sales are down, which means good things for hopeful buyers needing mortgage financing. Earlier this week, CoreLogic released its July cash sales report, finding that investors are continuing to flee the market, paving the way for buyers more

Number of Women-Owned Real Estate Firms Soars

Women have always played an important role in real estate, and new numbers show their prominence has only grown. The number of women-owned firms in real estate has grown by 41.4 percent in the last 12 years according to

Distressed Home Sales Fall Dramatically in Illinois in 2014

The nation’s distressed housing market has improved quite a bit in the last year, and that progress is also clear here in Illinois. Distressed home sales in the U.S. have fallen from 17 percent of all existing-home sales to just

The Two Most Important Developments for Housing’s Growth

There are many important factors influencing housing today, but recent analysis suggests two will have an outsized effect on the industry. The future is good for housing. That was the conclusion of a recent analysis by Goldman Sachs, which

A Strong Fall Begets a Strong Spring

Despite a drop in interest in August, Redfin research shows an uptick in the presence of prospective buyers. In August, Redfin reported a market-wide drop in homes for sale and new listings that hampered the searches of perspective buyers.

The Secret to Housing’s Future – a New Kind of 15-Year Mortgage?

We often hear about how the nation’s mortgage markets need reform, but the solution could come from the most unexpected source. One of the most common refrains in the post-bubble housing market has involved lending standards, and that if

The Shadow Inventory: What You Need to Know

Though the elusive shadow inventory has dwindled, forthcoming changes to mortgage debt relief could lead to a swell in foreclosures over the next year. Trudging through the sludge of economic debris left over from the cataclysmic crisis that sent the U.S.

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