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S&P/Case-Shiller: Spring home prices keep racing full speed ahead

Wise men say that what goes up must come back down, but home prices still haven’t gotten the memo. New monthly numbers from the S&P/Case-Shiller Home Price Index indicate that home prices are still rising, with no sign of slowing down anytime soon. April 2016’s national index is 178.69, a 5 percent year-over-year increase from April 2015 […]

Why Facebook groups are the worst place for agents to get advice

“Does anyone have success with open houses? What should I do to increase attendance?” “I’m just getting my real estate license and wondering which brokerage firm is best?” “My buyer didn’t get his mortgage because he lost his job and he didn’t tell anyone. How do I get his deposit back?” These are the kinds […]

Illinois real estate summer forecast shows steady growth

Although inventory has tightened year-over-year, the Illinois real estate market continues to topple last year’s numbers, according to a report from the Illinois Realtors. With lower availability than last year, the demand for homes continues to grow, providing sellers the advantage as summer begins. The report listed a total of 16,150 homes sold in the month […]

Hispanic homeowner pool is rapidly growing

Growth in homeownership is coming on strong from Hispanic homebuyers, according to a new report. The Hispanic Wealth Project recently released a report finding the homeownership rate among Hispanics outpaces every other racial demographic, citing data from the Census Bureau’s Housing Vacancies and Homeownership Survey. By the end of 2015, there was a net increase of 245,000 […]

Daily market update: June 28, 2016

We’ll add more market news briefs throughout the day. Check back to read the latest.   Mortgage rates: 30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio 15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio   Home equity rates: Average Home Equity Loan Bank Rates by State | […]

55places.com bridges online search and brokerage services

His laptop may have been held together with duct tape, but Bill Ness had an idea that was perfectly intact. In 2007, Ness’ experience in active adult community real estate sales and an entrepreneurial spirit culminated to fill a void he saw in the Illinois market — a central resource for people to discover and […]

First-time homebuyers facing backlash of improving housing market

Buying a home for a first-timer is exciting. Aside from the actual transaction, the hunt for a home and figuring out wants versus needs is part of the process. And then, when you do secure that home, it’s nothing short of a celebration for you and your client. However, an increasing problem for first-time homebuyers scouring the […]

Ailing Bovision becomes a property search pioneer

Reposted with permission from AIM Group‘s Classified Intelligence Report. Bovision in Sweden is transforming itself from an ailing real estate vertical into a property search engine — the first of its kind in the country. The company has launched a test site and is looking to grow from its current small team of two employees. Peter […]

How sellers can catch the first-time buyer wave this summer

The spring real estate market has been one of the busiest in nearly a decade, with homes moving the fastest since the start of the housing recovery, and asking prices reaching record highs. As the summer market heats up, first-time homebuyers are expected to make significant contributions to the already-impressive buyer pool, catapulting demand higher than […]

Luxury listing: solarium in Sutton Place

This Manhattan condo sits in the former Sutton Hotel and comes with a modern furniture collection curated by architect Edward Asfour of Asfour Guzy. The fully-furnished apartment also features a magnificent solarium, complete with south, east and north exposures of the city. PreviousNext jQuery(document).ready(function(){jQuery(“#ism-slideshow-1”).find(“.carousel-control”).css(“margin-top”,”-“+(jQuery(this).find(“.active .carousel-caption”).height()+25)+”px”);$(“#ism-slideshow-1”).on(“slid.bs.carousel”, function () {jQuery(this).find(“.carousel-control”).css(“margin-top”,”-“+(jQuery(this).find(“.active .carousel-caption”).height()+25)+”px”);});}); The one-bedroom, one-bathroom unit is listed at $2.3 million with AKA […]

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