News / Features

MBA: Mortgage apps rise on increase in ARM activity

A 15% rise in applications for adjustable-rate mortgages drove overall mortgage applications higher in the most recent weekly survey. 

Mortgage rates hit highest level in more than 20 years

New home listings are still on the rise, despite mortgage rates hitting the highest level in more than 20 years. And those high mortgage rates are pushing monthly housing payments higher than they’ve ever been.

Major real estate brands open option for agents to leave NAR

Agents from CENTURY 21, Coldwell Banker, ERA, Sotheby’s International Realty, Corcoran and Better Homes and Gardens Real Estate — and RE/MAX — will all have the option to leave NAR pending new settlements.

Houses before spouses: the best and worst states for single homeowners

House hunting was traditionally a couples’ game until Millennials and Gen Zers came into the picture. Now, many young individuals are plunging into the market solo.

Prices are rising faster than wages in Cook County

Housing affordability has worsened in many parts of the country as wages fail to grow at the same pace as home prices.

Opendoor and eXp Realty partner for ExpressOffer platform

eXp Realty partnered with real estate technology company Opendoor to integrate an application programming interface into its ExpressOffers platform.

Redfin to cut ties with NAR, citing recent sex harassment claims

Redfin said it will require many of its agents to leave NAR and the association has “forced an all-or-nothing choice on us,” and it would therefore “choose nothing.”

NAR: Pending-home sales fall 7.1% on high interest rates

Regionally, pending sales were down across the board on both a monthly and an annual basis, the National Association of REALTORS® said. 

The North Shore-Barrington Association of REALTORS® installation ceremony

The installation for the North Shore-Barrington Association of REALTORS® (NSBAR) took place on Sept. 6 at Ravinia’s Tree Top event space, and more than 200 people came out to celebrate the officers.

Chicago’s housing market shows major value increase

Chicago’s housing market ranks No. 7 in the U.S. in terms of value, according to a new report from Zillow. However, it showed the second-highest year-over-year growth of the 20 metros studied, trailing only Miami-Fort Lauderdale.

This futuristic home looks equally avant-garde on the inside

This other-worldly home may look like it’s about to get up and walk into the sunset — but for $2 million, it could be yours.

The Makinney Group moves to COMPASS

The Makinney Group, led by Tom Makinney, has affiliated with Compass. The team, previously with @properties Christie’s International Real Estate, also includes agents Jill Giorno and Jen Goodale.

High prices hold steady in the Chicago suburbs

As the national real estate market balances out, Chicagoland homes continue to appreciate, according to new data from the Mainstreet Organization of REALTORS®. Other trends are also holding steady.

NAR: Existing-home price rises again as sales continue to slide

Total housing inventory at the end of August was 1.11 million units, up 3.7% from July but down 14.6% on a year-over-year basis, the National Association of REALTORS® said. 

Neighboring Frank Lloyd Wright homes hit the market in Southwest Michigan

Two historic homes — the Samuel and Dorothy Eppstein House and the Eric and Pat Pratt House — are for sale in Galesburg, Michigan. Both were designed by Frank Lloyd Wright. And they’re a package deal.

Mortgage rates hit nearly 20-year high, cause home sales to tumble

Canceled home-sales contracts hit their highest rate in almost a year as skittish homebuyers blanche at mortgage rates that are the highest they’ve been in more than 20 years.

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