News / Features

Sellers lose the upper hand as mortgage rates rise

The housing market is starting to become more balanced.

Christie’s International Real Estate expands to Naples, Fla.

Christie’s International Real Estate making coastal moves. Following recent expansion to Newport, R.I., the brokerage is coming to Naples.

Chicago named a top 10 city for real estate investment in 2022 and 2023

Norada cited Chicago’s stable and diverse economy and its strong renters market, noting more than 50% of the population rents.

@properties Development Group debuts Wolfram18 in West Lakeview

@properties Development Group has officially unveiled Wolfram18: a collection of luxury, single-family homes in the West Lakeview.

30-year fixed tops 6% for first time since 2008 in latest MBA survey

Mortgage applications declined 1.2% during the week ended Sept. 9, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. 

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. 

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