News / Features

ATTOM: Foreclosure rates returning to pre-pandemic levels

ATTOM’s 2022 U.S. Foreclosure Market Report shows that foreclosure filings are up 118% compared to this time last year.

Heartland inducts new officers and directors

The Heartland REALTOR® Organization installed new officers and directors at a swearing-in ceremony on Sept. 6.

CAR to induct new board of directors this month

The Chicago Association of REALTORS® is inducting a new board of directors this month and Sarah Ware, of Ware Realty Group, will take over as president.

Student loan forgiveness could mean homeownership for millennials

The recent order by President Joe Biden canceling tens of millions of dollars in student loan debt is good news for the real estate industry, according to a new report.

As demand for new homes cools, builders reconsider future plans

A sudden slowdown in home construction hasn’t affected the rise of new apartment buildings. Ten of the country’s top metros are set to reach five-year peaks in new-apartment construction during 2022.

Live out your fantasy in the Unicorn House

Located near downtown Atlanta is a charming, funky hideaway aptly called the Unicorn House. It’s embellished with backyard greenery, several outbuildings and so — so — much colorful art.

Land ho! For the low price of $49,000

Treasure awaits … floating on the Potomac River in Virginia. This unique pirate ship home is listed by owner Daniel Corder for $49,000.

Median days on the market increases in Chicago and nationwide

Homebuyers nationwide had more time to make decisions in August with the first year-over-year increase in median days on the market since June 2020.

S&P Corelogic Case-Shiller Index: Chicago home prices rose 13.1% in June

Though home prices are still increasing across the United States, the rate of growth is slowing, according to the latest S&P CoreLogic Case-Shiller Indices.

Share of ARM applications hits highest percentage in 15 years

More borrowers are turning to adjustable-rate mortgages to save money as interest rates climb.

Pending home sales decline for second consecutive month in July

The modest 1% decline could indicate the current housing cycle is reaching a bottom as mortgage rates recede from their recent high, the National Association of REALTORS® said. 

New-home sales plunge 12.6% in July

The median price of a new home sold during the month was up 5.9%, however, according to figures from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

RE/MAX: Chicago median-sales price slides as inventory climbs

Nationally, the median sales price slid 2.9% from June but rose 8.1% from July 2021, while closed transactions were down 16.6% on a monthly basis and 26.3% on a yearly one, RE/MAX said in its National Housing Report.

The Embry now over 50% pre-sold — penthouses coming soon

The Embry, a new development listed exclusively by Compass, is over 50% pre-sold. Its two penthouses will be released soon.

Homes still selling fast in Illinois, though Chicago shows slower price growth

Homes were selling faster — at higher prices — in the state in July, according to new data from Illinois REALTORS®. The news comes following a month of decreased mortgage rates and tight inventory.

NAR: Existing-home sales fall again in July, but could stabilize

A recent decline in mortgage rates could return some purchasing power to buyers going forward, National Association of REALTORS® chief economist Lawrence Yun said. 

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