Illinois Realtors raises $1M war chest to fight Chicago tax hike

Chicago voters are set to decide whether to quadruple the tax buyers pay on residential and commercial properties in the city. Illinois Realtors plans to lead the fight. Continue reading

Applications for purchase loans sag for first time in 2024

Firming up of mortgage rates finally catches up with homebuyer demand, with applications for purchase loans falling by a seasonally adjusted 11 percent last week, MBA survey shows. Continue reading

Offerpad PRO, MAX programs center incentives on agents

The company announced the formation of two new tiers of agent collaboration, Offerpad PRO and Offerpad MAX, the latter being an invite-only network for high performers aiming to become long-term referral partners. Continue reading

Long-serving HAR CEO Bob Hale announces his retirement

Hale has been with HAR since the 1970s, racking up a long list of accomplishments and awards along the way. René Galvan will succeed him as president and CEO. Continue reading

Engel & Völkers launches in New Hampshire with Portsmouth shop

The new shop is led by License Partner Dean Poritzky and Vice President and Marketing Director Paige McVay of Engel & Völkers Wellesley. Continue reading

Record-breaking NYC townhouse sale goes to mystery buyer

A mystery couple has bought Greenwich Village’s most expensive townhouse for $72.5 million, surpassing the previous record by $14.3 million. The 12,000-square-foot property was sold off-market, with the buyers planning to use it as a pied-à-terre. Continue reading

Buy this pretty, pretty pretty good home once owned by Larry David

Coincidentally timed as “Curb Your Enthusiasm” launches into its final season this weekend, the architecturally significant home was built in Montecito, California, in 1929 by George Washington Smith Continue reading

Chase Home Lending increases homebuyer grant to $7,500

Chase has increased its grant to $7,500 in 8,500 of the 15,000 communities in its minority homebuyer program. The bank also removed the income requirement for its 3 percent down DreaMaker mortgage. Continue reading

Assumable loan platform Roam offers seller closing guarantee

If it takes longer than 60 days from the time an offer is accepted until close of escrow, Roam will make the homeseller’s mortgage payments for up 60 days after the scheduled closing date. Continue reading

The Detroit Lions loss is nothing next to its lowball appraisals

A housing battle is raging in Detroit, writes Lee Davenport. Lowball home values cut into homeowner equity and exclude residents from resources and opportunities. Continue reading