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Home appraisal bias remains an ongoing issue throughout the real estate industry. Homeowners, particularly those of Black or Latino heritage, statistically receive lower property appraisals.
Along with a string of other new laws and amendments, the Illinois Human Rights Act experienced an update of its own.
As mortgage rates rise across the United States, prospective first-time home buyers face continual challenges to their pursuit of homeownership. After hovering near record-low rates throughout the earlier portion of the coronavirus pandemic, mortgage rates now returned to early 2020 levels.
On July 9th, 2021, Illinois Governor JB Pritzker signed the Real Property Transfer on Death Instrument Act. In a slew of major, new real estate laws coming into fruition the latest Act took effect on January 1st, 2022.
Throughout the past couple of years, many in the real estate industry clamored for remote notarization in Illinois. Since the onset of the coronavirus pandemic in 2020, more than 4.7 million Americans worked remotely at least half the time, reaching a peak of 164.6 million people in February 2020.
In October 2021, the United States hit a 30-year inflation high only to hit a 39-year inflation high the follow month. In November 2021, consumer prices reached 6.8%.
Thinking about retirement planning this year? As we age, our living situation becomes a big question mark. From home to retirement communities, there are plenty of options for housing when it comes to retirees.
One of the biggest stories in 2021 real estate occurred when Zillow surprisingly closed its homebuying program last year. Prior to this, Zillow established itself as one of many large property investors across the United States.
If you follow the real estate industry closely then you probably have heard about Zillow’s million-dollar mistake and the closing of its AI-driven home buying platform that resulted in cutting 25% of their workforce.
Have you ever thought about tapping your home equity in Illinois? Many Americans consider home equity as a path to finance large projects.
One of the world’s biggest economies is facing a potential crisis in the real estate market. What exactly is happening and how do China’s famous ‘Ghost Cities’ factor in?
The pandemic has affected the housing market in a variety of ways, one that could spell trouble for anyone looking to own a home in the future is that of institutional investors who are scooping up single-family homes at a record pace. But the government is looking to provide new policies to help families get a leg up.
Bidding wars are stressful, especially in a tough housing market like todays. With so little inventory around, many buyers are having to fight each other over homes which results in higher prices. It’s important to know when to pick your battles and that means knowing when to bow out and when to take the fight
On August 3, 2021, just days after the government eviction moratorium expired, the CDC imposed a new eviction moratorium to temporarily suspend evictions for two months in counties where COVID-19 cases are proliferating.
On Thursday, August 12th, it was announced that the JDS Construction lawsuit will carry onward after an Illinois court refused to dismiss the case.
Buying a home is one thing; buying a home while protecting your interests is another story. It is an exciting time for first-time home buyers, albeit a tad overwhelming.
When setting short sale expectations during a real estate transaction, it is crucial to understand that many steps should not be skipped.
When a creditor places a home under lien, homeowners fall into a tricky scenario. When a property title has a lien, homeowners face an extremely frustrating (and potentially intimidating) scenario.
For first-time home buyers, especially, there are certain facets that they should never compromise on. Every prospective homeowner lists features and benefits that are important to them.
The game of first-time home buying can be a tricky one. For most people, choosing whether or not to wait before purchasing a home is one of life’s greatest decisions.
