It’s that time of year again! As 2021 slowly winds to a close, REALTOR® associations across Illinois are making annual changes. This includes, foremost, inducting new leadership officers.

Joan Smothers launched Smothers Realty Group in 1996 and built her company to be the No. 1 brokerage in La Grange. So why would a successful broker-owner trade their independence to join Compass?

Expect a stable housing market over the next five years — despite the expiration of COVID-era protections — says a new Zillow report.

Open the doors, and there are all the prospective buyers! This enchanting Westernville, NY home was restored and rebuilt to pay historic homage to the church it once was.

Atop Murray’s Mountain in Emporium, PA is a pilot’s fantasy: a fly-in ranch featuring a 1,700-foot airport runway! The unusual property type has an official right of way to the nearby airstrip.

Guaranteed Rate has announced that Chicago’s own Ben Cohen, the company’s managing director and senior vice president of mortgage lending, has originated $1 billion in total loan volume.

Coldwell Banker Realty unveiled its remodeled Hinsdale office, 8. E. Hinsdale Ave, at a grand opening on Sept. 22.

All four geographic regions saw increases, led by the Midwest, which clocked a 10.4% rise from July, and the South, where sales rose 8.6%. Pending transactions rose 7.2% in the West and 4.6% in the North.

The end of the summer shows signs of stabilization in the local housing market, according to new data from the Mainstreet Organization of REALTORS®.

A new report shows the market cooled in August, at least in terms of the number of prospective buyers looking at homes.

Property values continue to rise and those looking to downsize can make the most of the current market highs, but how much you can save by downsizing can vary significantly depending on where you live.

Although the suburbs bring to mind the dream of home ownership new data from RentCafé reveals that burbs are up for rent! Three suburbs in the Chicagoland area are now renter-majority.

The 10-city composite index rose 1.4% on a monthly basis and 19.1% on a yearly basis, while the 20-city composite gained 1.5% monthly and 19.9% annually. 

The Low-Income First Time Homebuyers Act (LIFT) establishes a program to sponsor 20-year mortgages that would build equity at twice the rate of a conventional 30-year mortgage.

The seasonally adjusted estimate of new houses for sale at the end of July was 378,000, representing a supply of 6.1 months at the current sales rate.

The Mainstreet Organization of Realtors named John LeTourneau as its new president on Sept. 8.