News / Features

Freddie Mac to offer $3B in affordable housing bonds

Freddie Mac plans to offer at least $3 billion in single-family affordable housing bonds to support affordable homeownership and serve historically underserved markets, according to a press release. To underscore this effort, the company is offering approximately $285 million

Chicagoland home prices rising, Mainstreet reports

The price for attached homes is on the rise, according to new statistics from the Mainstreet Organization of REALTORS®.

New-home construction cools in September

The decrease was driven by a 5.1% month-over-month slide in the rate of multifamily starts, while single-family construction was flat.

September saw fewer homes sold, another increase in prices

Lack of inventory continues to restrict home sales as fewer homes sold in September, and closed home sales dropped.

Redfin: Climate change will exacerbate U.S. housing shortage

Climate change will negatively impact the already-stunted housing inventory in the U.S., according to a recent Redfin report.

RE/MAX: Chicago housing market takes a pause in September

The number of closed sales fell 12.5% month over month, while active inventory slid 2.5% to 37,646. Median sales prices dropped 3%, but that’s still up 5.8% from September 2020. 

Condo sales complete at Lake Forest’s Kelmscott Park

@properties Development Group, along with the Chicago-based developer Focus, has announced that condominiums at Kelmscott Park are officially sold out.

Zillow pauses its iBuyer service for the rest of 2021

Zillow announced it will not sign any new contracts to buy homes until the end of the year due to a “backlog in renovations and operational capacity constraints.”

Foreclosure activity on the rise, yet still far below historic norms

It’s been barely three months since the federal moratorium on foreclosures expired, but it’s starting to prove costly, as nationally, foreclosures are on the rise, having increased 67% from last year.

Zillow: Unprecedented housing market shift has had little impact on sellers

While the past year has been unprecedented in terms of economic change and a global pandemic, most U.S. home sellers’ experiences were similar to past years, according to Zillow’s latest consumer housing trends report.  Consistent with the past three

EXIT Realty nurtures mental health, well-being in workplace

As COVID-19 continues to negatively impact people and workplaces, EXIT Realty Corp. International announced it is working to maintain the health and well-being of its agents and brokers through a series of programs, including its Focus on Good Health initiative.

Insurance-based smart home technology saves homeowners in more ways than one

As remote work becomes the new norm for many homeowners, real estate professionals are encouraging clients to consider implementing insurance-based smart home technology into their homes. 

Atlanta Realtor named president of AREAA

At 37 years old, the new president will be the second-youngest leader of the national nonprofit trade organization, which works to improve the homeownership rate in the Asian-American Pacific Islander community.

HUD now considering climate change when underwriting loans

The U.S. Department of Housing and Urban Development (HUD) recently announced a plan that will implement new policies to combat global warming, according to a press release. 

Cook County Assessor Kaegi calls on feds to open appraisal database

The federal government can play a big role in helping to further improve assessments by releasing data from the Uniform Appraisal Database used by Fannie Mae and Freddie Mac in determining which loans to back.

Missing apostrophe in Facebook post lands real estate agent in court

An Australian real estate agent’s failure to use proper punctuation in a Facebook post could cost him tens of thousands of dollars, according to a report by The New York Times.

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