News / Features

Appraisal Complaints Way Down in 2014, but Structural Flaws Persist

Bad appraisals were one of the more implicit side effects of the housing downturn, but is the worst behind us? #83590748 / gettyimages.com Forty percent of any demographic is an awfully large chunk of people, and in 2010, at

Negative Equity Persists in Chicagoland in a Mega Way

Though home prices have risen, negative equity continues to affect many homeowners – though not equally. #459305223 / gettyimages.com Home prices have risen in dramatic ways the last couple of years, but quite a few properties remain in negative

The 7 Key Things to Know About the New Construction Market

As usual, many media outlets have been focusing on the screaming headlines on construction, but more important trends simmer below the surface. #466064835 / gettyimages.com By now, you’ve surely seen the screaming headlines – in April, housing starts skyrocketed

Great News: Delinquency Rate Falls to Lowest Level Since 2007

The U.S. mortgage markets have been improving gradually the last couple years, but the latest MBA data marks a significant accomplishment. #486080083 / gettyimages.com Yesterday, the Mortgage Bankers Association (MBA) graced us with a wonderful piece of housing news

C.A.R. Good Neighbor Awards Recognize Properties that Positively Impact Metropolitan Neighborhoods

  Chicago Association of Relators will be hosting its annual Good Neighbor Awards on Thursday, May 22nd from 2:30 p.m. to 5:30 p.m. The event will take place at The Montgomery Club located at 500 W. Superior. The awards,

Chicagoland’s Highest List Prices – And What They Sold For

What were the highest listing prices in Chicago’s various counties from 2011 to right now? And what did they ultimately sell for? So far this year, according to Midwest Real Estate Data, the highest priced listings in each county

6 Reasons Buyers Prefer New Homes

A new survey sheds light on why consumers opt for a specific kind of property. Harris Poll, which conducted the online survey on behalf of Trulia and sampled more than 2,000 people age 18 and older between March 28

Builder Confidence Continues to Slip in May

May was another lackluster month for confidence in the homebuilding sector, according to the NAHB, as homebuilding ran into some economic barriers. #479533631 / gettyimages.com Builder confidence in the market for newly built, single-family homes in May fell one

REAL Trends Places Local Brokers in Top 500 Largest Brokers

Real estate consulting and communications company REAL Trends released their annual 500 largest brokers in the US research report where they identify the country’s most successful residential firms by ranking the most closed transaction sides and separately closed sales

RE/MAX Action Offers Tablet Program for Mobile Agents on the Move

RE/MAX Action has announced the implementation of a new 4G tablet program for all of its Chicagoland agents, as well as for new agents looking to join the company. The program, which gives all RE/MAX Action agents 4G tablets pre-loaded

Weichert, Realtors – Nickel Group Wins 2014 Model Office Award from National Franchise Organization

Weichert, Realtors – Nickel Group has been awarded the 2014 Model Office Award from Weichert Real Estate Affiliates, Inc. The Oak Park agency was one of eight offices in the franchise’s 37-state network to receive the award, which was

The 5 Simple Reasons that Millennials are Not Buying Homes

Why on earth are Millennials not buying homes? It turns out there are pretty straightforward reasons behind their absence. #171287367 / gettyimages.com The housing market has, thus far in 2014, been putting up some pretty lukewarm numbers, and the relative

Chicagoland a Perfectly Accessible Market for Middle Class Buyers

We always hear about how homeownership is central to the middle class dream, and new data suggests that it’s quite feasible in our housing market. #485210071 / gettyimages.com Homeownership and the middle class go together like peanut butter and jelly

3 Things to Know About the Most Powerful Man in Housing

Mel Watt, the recently installed head of the FHFA, delivered his first major address on housing this week; here were the main takeaways. #171644428 / gettyimages.com Mel Watt, who is the director of the Federal Housing Finance Agency (FHFA),

Shocker: Even FICO Thinks Lending Standards are Too Tight

It’s one thing for NAR to think that lending is too strict, but now even FICO has thrown its voice into the mix. #182982451 / gettyimages.com For some time, tight lending standards in the post-bubble housing market have been

Vast Majority of Chicagoland Listings Below Conforming Loan Limits

With talk in the air about overhauling Fannie Mae and Freddie Mac, how much sway does conforming loan limits have on our market? #157336161 / gettyimages.com Fannie Mae and Freddie Mac, the massive government-sponsored entities that are responsible for the

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