News / Features

RedfinNow becomes first major iBuyer to hit the Chicago market

RedfinNow is making offers on single-family homes, townhomes and condos in Avondale, Edgebrook, Edison Park, Jefferson Park, Lincoln Square, North Center, North Mayfair, Norwood Park, Old Irving, Park Ridge, Portage Park, Rogers Park, Sauganash and West Ridge.

Realtor survey shows importance of tech in pandemic

Looking forward, 37% of the survey’s respondents expect drones to be the most-impactful technology over the next 24 months, followed by cyber security (34%), 5G (31%) and virtual reality (30%).

Share of international homebuyers fell last year

International buyers purchased 107,000 residential properties from April 2020 through March 2021, marking a 31% decline from the 154,000 residences bought the previous year.

Housing affordability falls for a third straight month

Affordability declined in 49 of the 50 major markets according to the May 2021 First American Real House Price Index. 

RentPath names new CEO after Redfin takeover

The new executive joins RentPath from ParkMobile, which provides an app to help drivers pay for metered parking remotely.

This vacation home earns its keep

The 4,572-square-foot Seven Sisters Log Cabin in Hot Springs, South Dakota, is both a turnkey business and vacation getaway for its next owner.

Hurricane season has met its match

East meets West in this one-of-a-kind home that features an exterior of steel beams and galvanized sheet metal designed to withstand 120 mph winds — perfect for hurricane season!

@properties launches Dallas franchise with Jerry Mooty Jr., nephew of Dallas Cowboys owner Jerry Jones

It’s the third franchise for the company — @properties launched its first two in Detroit, Mich., and La Crosse, Wisc. — and plans more to come.

Real estate investors set their sights on Chicago

Real estate investors re-entered the housing market in a big way in the second quarter of 2021, and Chicago is at the top of the list for investor purchases, according to a new report.

How far are Chicago homeowners willing to commute?

With the increased number of professionals working remotely, today’s homebuyers are putting less of a premium on commute time and more on affordability.

New-home sales fall 6.6% in June

The U.S. Census Bureau and the Department of Housing and Urban Development reported that the median sales price slid to $361,800 from $380,700 in May.

Existing-home sales reverse four-month decline in June

At the same time, the median existing-home price for all housing types in May was up 23.4% on an annual basis, as every region in the country registered price increases.

Mortgage applications fall as interest rates rise

Meanwhile, the seasonally adjusted purchase index declined 6% from the previous week, the Mortgage Bankers Association reported.

Housing starts tick higher in June

Privately owned housing units authorized by building permits in June came in at a seasonally adjusted annual rate of 1,598,000, down 5.1 % from the revised May rate of 1,683,000, but 23.3% above the year-ago rate of 1,296,000.

NAHB: Builder confidence drops again on materials costs, supply-chain woes

July’s reading of 80 was down one point from June, but still signaled strong demand for housing, the National Association of Home Builders said.

Redfin: Housing market could be reaching something of an equilibrium

During the four-week period ended July 11, the average weekly share of homes for sale with a price drop passed 4% for the first time since September 2020.

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