News / Features

American Enterprise Once Again Calls FHA's Finances Into Question

By Peter Ricci The American Enterprise Institute strikes again! After being one of the first major research firms to call the Federal Housing Administration’s (FHA) finances into question, the Institute has published another analysis of the FHA’s books, and

PulteGroup/Lennar Find Revenue Stream From Unlikely Source

By Peter Ricci Some of the nation’s top homebuilders, including PulteGroup and Lennar Corp., are finding a substantial revenue stream from an unlikely source – mortgage lending. Both builders, reports Bloomberg, have seen sizable returns from their in-house mortgage

2930 North Sheridan Co-op Bonus

New Prices, New Seller, Same Great Location! Ideally situated at the southeast corner of Chicago’s Lake View neighborhood, just north of Lincoln Park, is 2930 North Sheridan Road. The building features one and two bedroom, tastefully remodeled residences along

Could Mortgage Interest Rates Fall Even Further in 2013?

The precipitous decline of mortgage interest rates has been one of the major stories in real estate in 2012, but recent actions by the Federal Reserve has some thinking that rates could fall even further in

CAR Donates $25,000 To Hurricane Sandy Relief

The Chicago Association of Realtors (CAR) Board of Directors approved an additional $15,000 contribution to the Realtors Relief Foundation in the wake of Hurricane Sandy. This brings the association’s total contribution up to

The Sheer Anarchy of Real Estate in Cuba

In the last few years, there have been some big changes in Cuba. Fidel Castro is no longer in power, having passed the baton to his young brother Raul; citizens are allowed to purchase cell phones; and now, a

Trulia American Dream Survey Confronts 'Renter Nation' Meme

In its latest American Dream Survey, real estate website Trulia found that 93 percent of millennials who rent plan to purchase a home some day, and 72 percent of the entire demographic consider homeownership to be part of their American

Ed DeMarco, FHFA Acting Director, Could Be Toast by New Year

A new report from the Wall Street Journal is validating what many have been suspecting for months – President Obama is planning on replacing Acting Federal Housing Finance Agency Director Ed DeMarco by early next year, and probably with someone

2012 NAR Profile of Home Buyers and Sellers: For-Sale-By-Owner Sellers

The for-sale-by-owner (FSBO) market is one of untapped potential, like an oil reserve that real estate agents haven’t quite reached yet. After all, these are consumers who are looking to sell their homes, but are not seeking the expertise

Despite Fiscal Cliff, Consumers Confident in National Housing Survey

Despite the continued economic uncertainty involving the fiscal cliff, consumers are increasingly confident about the U.S. housing market, as Fannie Found in its National Housing Survey for

Multifamily Production Index Positive Again in Third Quarter

The Multifamily Production Index, the National Association of Home Builder’s (NAHB) measure of builder sentiment in the apartment/condominium market, was positive again in the third quarter with an index level of 52. That’s the third straight quarter that the Multifamily

Real Estate Agent Sexually Assaulted at House Showing

A real estate agent was sexually assaulted last Friday in Hammond, Indiana at a house showing, where she was scheduled to meet two prospective clients. Police Lt. Richard Hoyda said someone called the woman’s office and gave her false

Completed Foreclosures Decline 17 Percent as Housing Market Strengthens

Completed foreclosures declined 17 percent year-over-year in October, as the strengthening housing market and the National Mortgage Settlement continue to improve the mortgage

With the Fiscal Cliff Leering, Are MID's Days Numbered?

Every day, if not every moment of every hour, new details are reported about Congress’ ongoing battle to avert the so-called “Fiscal Cliff,” with various policies, tax proposals and political rhetoric being exchanged across the aisles. But now, in

Asking Prices Continue to Improve in Trulia Price Monitor

Asking prices continued to show improvement in the Trulia Price Monitor, a leading indictor of market activity that studies the asking prices of new property listings on the real estate

2012 NAR Profile of Home Buyers and Sellers: Sellers and Agents

By Peter Ricci The findings of the National Association of Realtors’ (NAR) 2012 NAR Profile of Home Buyers and Sellers on the home search process was perhaps the most encouraging part of the entire study, as it found that though

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