News / Features

Luxury homes sales take off in Chicago

How luxurious is the American real estate market? You may be surprised.

Mortgage applications surge 16% as interest rates fall

Meanwhile, the Mortgage Bankers Association’s seasonally adjusted purchase index rose 8% from the previous week.

Homebuying competition lessens in Chicago. Could the market be losing steam?

The competitive homebuying market showed signs of loosening up last month as bidding wars dropped from May despite being higher than they were a year ago. 

Compass, Guaranteed Rate launch loan origination company OriginPoint

Two of the largest leaders in the real estate market are joining forces to form a new mortgage origination company.

Realty ONE Group enters the Chicago market

Realty ONE Group announced the grand opening of its first Chicago franchise under the brand Realty ONE Group Leaders. 

How long would it take a Chicago renter to save up for a down payment in today’s market?

It could take Chicago-area renters more than seven years to save for a down payment in today’s market.

@properties opens office in Valparaiso, Ind., buys tech firm Suburban Jungle Group

The purchase of the tech company and expansion into Valparaiso is among many advances @properties has made over the last two years.

What the condo collapse means for agents, sellers and buyers

The Champlain Towers South collapse emergency is ongoing, and some experts say they expect condo sales, in what was a roaring condo market in Miami, to struggle from the impact. What can agents, sellers and buyers anticipate?

Median rental price hits highest point in two years

Despite an average nationwide uptick, Chicago rents declined year over year in May.

DOJ withdraws from antitrust settlement with NAR

The department determined that the settlement would not do enough to protect its ability to investigate other conduct by the association affecting competition in the real estate market.

Will Gen Z be the mortgage generation?

Millennials were once referred to as the “renter generation” because of their preference for apartment living in urban areas over purchasing a home in the suburbs like their Baby Boomer parents.

Welcome to the Bubble House

Known as “The Bubble House,” this 11-dome residence is a real one-of-a-kind for just 1.5 million Australian dollars ($1.1 million).

Go green in the great outdoors

This passive-solar structure will have its new owner giving a high-five to Mother Earth, due to the structure’s energy-efficient design.

New listings growth seen across U.S. markets in June

Housing markets across the country saw new listings growth in June, as the median list price hit yet another all-time high, and Chicago was no exception. 

NAHB: Residential construction spending rises in May thanks to single-family sector

Strong growth of single-family construction spending drove the increase, while spending on multifamily construction was flat, the National Association of Home Builders said.

Mainstreet Organization of Realtors: Market uncertainty still driving inventory squeeze

“We’re seeing similar pressures across the country, which is why the National Association of Realtors wants to create incentives for homebuilders to help meet the growing housing demand.” — MORe CEO John Gormley

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