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Local Real Estate Trends

Discover What's New and Interesting in Our Backyard
Local CRE Trends


Chicago is known as the cultural capital of the Midwest, with world-class architecture, a vibrant arts scene, and internationally renowned museums. It is also a top tourist destination – a record 54.1 million people visited the city in 2016, bolstered by vacationers and business travelers, the city reported. As the third largest metropolis in the U.S., Chicago is also a global center for business, with strong representation in the finance, commerce, industry, technology, telecommunications and transportation industries.

Our Illinois-based professionals work in all facets of the real estate industry, providing best-in-class real estate services to buyers and sellers in the area, as well as the realtors, lenders, builders and attorneys that work alongside them. In addition to our commitment to the residents of Illinois, we provide commercial services to investors who help keep Indiana's economy strong.

Discover what's new and interesting in our backyard in the latest real estate news, provided courtesy of the Newsdesk



The Latest Articles From the FNF Newsdesk:

Mortgage Rates Drop For First Time In 6 Weeks—But Housing Market Downturn Could Last Several Years, Wells Fargo Warns
...on the conversation bubble to join the conversation Got it! Topline Despite mortgage rates falling for the first time since mid-August, experts are warning the higher borrowing costs that...

Why are job cuts rising and what does that mean for you? September spike brings worry.
...29%. Why are job cuts rising in 2022? Challenger said the cooling housing market at the Fed’s rate hikes have led to job cuts among mortgage staff at banks and lenders, and recession concerns...

Mortgage rates slip due to economic uncertainty
Mortgage rates ended a six-week streak of increases with a 4-basis-point reduction for the period ended Oct. 6, which Freddie Mac attributed to ongoing economic uncertainty. The Freddie Mac...

US mortgage rates take a breather after rising for 7 weeks in a row
After rising for six weeks in a row, mortgage rates retreated last week. The 30-year fixed-rate mortgage averaged 6.66% in the week ending October 5, down from 6.70% the week before, according...

iBuyers tap the brakes in response to housing market uncertainty
...have never accounted for more than 1 percent of all U.S. home sales, according to Redfin. In some markets, such as Raleigh-Durham, North Carolina, Charlotte and San Antonio, iBuyers were responsible...

10-Year Mortgage Rates for October 2022 - CNET
...amount in interest over the course of your home loan. Plus, 10-year mortgage rates are still relatively low compared to mortgage rates overall, which means they offer valuable financial benefits...

Current mortgage and refinance rates for October 6th, 2022: Rates rise
Average mortgage rates increased for all types of loans compared to a week ago, according to data compiled by Bankrate. Rates for 30-year fixed, 15-year fixed, 5/1 ARMs and jumbo loans increased...

Mortgage rates take a breather after rising for 7 weeks in a row
After rising for seven weeks in a row, mortgage rates retreated last week. The 30-year fixed-rate mortgage averaged 6.66% in the week ending October 5, down from 6.70% the week before, according...

Home Buyers’ Down Payments Are Coming Back Down To Earth
...buyers to up their down payments during the pandemic. But as the housing market cools amid high mortgage rates and economic uncertainty–and buyers can no longer afford as much as they used to–down...

Labor Market 'Cracks' Beginning To Appear As Job Cuts Surge And Unemployment Claims Unexpectedly Rise
...firm's Andrew Challenger said in a statement, adding that the cooling housing market and Fed’s rate hikes are leading to job cuts among mortgage staff at banks and lenders and that recession...