News / Features

NAR installs 2024 leadership team

Tracy Kasper was named 2024 president of the National Association of Realtors® during the organization’s annual event in Anaheim, California. 

The kinds of houses buyers opted for this year

Detached single-family homes remained the most popular type of housing, making up 79% of all home purchases during the past year.

Naperville home sells for a record-setting $8 million

A Naperville home has sold for just over $8 million at auction, marking the most expensive sale in DuPage County history. It’s also the most expensive home ever sold at auction in the Chicago metro area.

Fairway hosts multiple charity events in collaboration with veterans and military families

Fairway Independent Mortgage Company has hosted three charity events for veterans and Relators alike. The events gave local agents from different brokerages the chance to connect with veterans, better learning more about how to working with them.

NAHB: The two-car garage is king

Across the map, there’s a dominant parking option among single-family homes: the two-car garage. Sixty-six percent of new single-family construction in 2022 included two-car garages.

Inside today’s real estate firms: top challenges, future outlook and more

Real estate firm leaders are worried about housing affordability and inventory in the next two years, according to the 2023 Profile of Real Estate Firms by the National Association of REALTORS®.

NAR’s latest Profile of Home Buyers and Sellers shows homebuyers’ median income is up roughly 20%

Today’s homebuyers are more likely to pay cash and be unmarried and childless than in previous years. They’re also entering their new homes with a much steeper income, according to NAR’s annual Profile of Home Buyers and Sellers report.

Mark Willis returns to his former role as CEO at Keller Williams

Mark Willis, who served as CEO of Keller Williams from 2005 to 2014, has stepped back into the role effective immediately.

Homebuyer demand remains resilient, despite rates, shrinking listings

Last month, homebuyer demand showed its resilience, despite mortgage rates being at a 23-year high and inventory continuing to be limited.

RE/MAX Holdings names new CEO, Erik Carlson, after 2-year search

RE/MAX Holdings has named a new CEO after nearly two years of searching: Erik Carlson, former CEO of the DISH Network Corporation. The firm’s last CEO, Adam Contos, stepped down in January 2022.

Oops!…Britney Spears’ childhood home is on the market (again)

Any buyer would be “Lucky” to own this piece of pop history — Britney Spears’ childhood home has returned to the market.

Homebuyers need an annual salary of $115,000 to afford an average U.S. home

New homebuyers must make an average annual salary of $115,000 to afford the average U.S. home, according to recent studies from Redfin. That’s about $40,000 more than the typical American household earns.

Another lawsuit regarding buyer commissions — this time, in Illinois

In the wake of the Sitzer/Burnett verdict, a new, similar lawsuit — this time on behalf of homebuyers — has been filed in the Northern District of Illinois, Eastern Division.

See which Chicagoland brokerages are 2023’s ‘Top Workplaces’

Real estate brokerages snagged the No. 1 spot for all three company sizes, according to the Chicago Tribune’s latest Top Workplaces ranking.

Chicago voters will decide fate of proposed real estate transfer tax changes

The tiered real estate transfer tax would increase fees on transactions of $1 million or more.

A thriving niche in mortgage lending: The Certified Divorce Lending Professional

Certified Divorce Lending Professionals go through extensive training and continuing education to achieve and maintain their CDLP designation.

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