News / Features

Home supply sees largest decline since pandemic’s start

December housing sales fell lower than they have since the start of the pandemic, a new Redfin report found.

Michelle L. Feola joins BHHS Chicago and Fort Dearborn Land Title Company as vice president and general counsel

Michelle L. Feola has joined Berkshire Hathaway HomeServices Chicago as vice president and general counsel for both the firm and its affiliated title company, Fort Dearborn Title.

Inflation worries sap builder confidence in January

“While lean existing home inventory and solid buyer demand are supporting the need for new construction, the combination of ongoing increases for building materials, worsening skilled labor shortages and higher mortgage rates point to declines for housing affordability in 2022.” — NAHB Chairman Chuck Fowke

Black mortgage applicants 84% more likely to be denied than white applicants, analysis finds

Black applicants were 84% more likely to be denied a mortgage than white applicants, the data showed, an increase from the 74% disparity in 2019.

Home Partners of America launches the Choice Lease program for lower income residents

Home Partners of America has launched Choice Lease: a first-of-its-kind program offering below-market rents to qualified applicants.

Questions about accessory dwelling units? CAR has answers

In May of last year, the city began implementing a pilot program to bring Accessory Dwelling Units (ADUs) into compliance — but many real estate professionals still have questions.

“In a Flash”: Documentary celebrates the life of Chicago architect Helmut Jahn

Famed Chicagoan Helmut Jahn is memorialized in a new short documentary film, spotlighting the late architect’s distinguished career.

Mortgage applications, interest rates rise first week of January

“MBA expects solid growth in purchase activity this year, as demographic drivers and the strong economy support housing demand. However, the strength in growth will be dependent on housing inventory growing more rapidly to meet demand.” — Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan

Redfin to acquire Bay Equity Home Loans

The San Francisco Bay-area mortgage lender is licensed in 42 states.

New kitchen renovation trends: How homeowners are splurging in 2022

The 2022 U.S. Houzz Kitchen Trends Study is out, and the most popular kitchen renovation trend is upgraded countertops.

RE/MAX CEO stepping down in March

Board member Stephen Joyce will serve as interim CEO as the company conducts a search for a permanent replacement.

SP200 ranks the most-powerful people in residential real estate in 2022

The Swanepoel Power 200, or SP 200, annual ranking of the most-powerful and influential leaders in residential real estate has been released.

Compass predicts 2022 sales price increases in Chicagoland

Compass has released its Chicagoland 2022 housing forecast, based on a survey of 100 local real estate agents. And overall, they predict this year to be a sellers’ market.

Homeowners face record supply shortages entering 2022

Despite the record low number of homes for sale, prices and pending sales continue to rise.

Unique ‘MetaReal’ deal will include luxury mansion’s identical counterpart in the virtual world

Construction of a Miami mansion will coincide with the creation of its identical counterpart in the virtual world to form a first-of-its-kind “MetaReal” mansion, according to a press release.

Homeownership remains cheaper than renting in majority of U.S.

Homeownership remains a cheaper option than renting in the majority of areas, according to a new study by ATTOM Data Solutions.

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