News / Features

NMHC Survey: Apartment Markets Improve Across the Nation

Apartment markets improved nationwide, according to a recent NMHC survey. All four indexes of the survey were above 50, indicating improving conditions. Apartment markets have improved across the nation, according to the National Multi Housing Council’s (NMHC) April Quarterly

Chicagoland Home Sales Up 18.1 Percent in March

The real estate markets in Chicagoland were nothing but positive in March, posting their strongest numbers in five years. Home sales in the nine-county Chicago Primary Metropolitan Statistical Area rose 18.1 percent year-over-year in March, totaling 7,914, while the median

Limited Inventory Causes March Existing-Home Sales to Decrease

NAR’s latest survey found that existing-home sales decreased in March due to limited inventory, which continued to pressure home prices. Existing-home sales decreased in March due to limited inventory, which continued to pressure home prices, according to the latest

Chicago’s Luxury Housing Market Gaining Steam

Chicago’s luxury housing market underwent a steep decline during the economic downturn, but new analysis from Coldwell Banker Previews International has shed a new, infinitely brighter light on the Windy City’s higher-end marketplace. According to Coldwell Banker Previews International’s

Luxury Apartment and Condo Rental Fees

The perfect rental clients know their budget, the neighborhood they want to live in and have a firm move date. You’ve helped them choose the right apartment, however, when they go to sign the lease, they’re surprised by the

Builder Confidence Slides as Material Costs Jump

According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today, builder confidence in the market for newly built, single-family homes fell two points in April, dipping to 42, meaning more builders remain pessimistic

March Housing Starts Shoot Up 7 Percent

Housing starts in the U.S. climbed 7 percent from February to March and rose a dramatic 46.7 percent from year-ago levels, the U.S. Census Bureau said last week. Starts last month rose to an annual rate of 1.03 million

Agents Control 45 Percent of Homebuyers’ Lender Choice

When it comes to recommending a lender for a home purchase transaction, a new study shows that closing time, reliability and costs are among the most significant factors for real estate agents. The Campbell Surveys and Inside Mortgage Finance

Luxury Insights – What Tools Are Necessary For Selling Luxury Homes?

The Institute of Luxury Home Marketing (ILHM) has so many tools that can help luxury agents. One valuable tool is the weekly ILHM National Luxury Market Report. I recently spoke with an ILHM member who was using this report

Real-Estate Listing Words: The Good, Bad and Hyperlocal

A picture may be worth a thousand words, but what’s a word worth? Trulia combed through millions of property listings on for-sale homes to find the words and phrases in the most expensive and least expensive listings, as well

What’s Happening to America’s Wealthy?

According to Laurie Moore-Moore, CEO of The Institute for Luxury Home Marketing, the Great Recession not only reduced the number of wealthy people, but changed attitudes and buyer behaviors. Moore-Moore notes that, “In 2008, as a result of the

Economic Growth Stronger Than Expected for First-Quarter

The Economic Growth  Pace is Above-Trend and Expected to Set a Moderate Pace for the Year Economic growth has accelerated to a pace of 3.2 percent, according to Fannie Mae’s Economic & Strategic Research Group. This pace is above-trend,

Fifth Third Bank Awarded Gallup Great Workplace Award

For the second time, Fifth Third Bank has been recognized as a Gallup Great Workplace Award winner. Fifth Third was one of 32 companies across a diverse group of industries nationally to make the grade. “As you know, employee

Chicago No. 2 City in U.S. For Pet Lovers

It can be difficult for renters to find a residence for them and their pets, but a select number of cities – Chicago included – are quite pet-friendly! Americans are a diverse bunch, with numerous views on religion, politics

West Loop Condo Project in the Works

A West Loop condo project is the newest development in the works in the Chicago neighborhoods, as the real estate market recovers from a severe slump. A West Loop condo project is in the process of development. Two developers

April Mortgage Activity At Highest Level Since 2010

The mortgage markets have been on a bumpy ride the last five years; are the latest numbers from the Mortgage Bankers Association, though, a positive sign? Mortgage applications rose 4.8 percent last week to their highest level since May

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