Skip to main content

Chicago Hailed for “Have It All” Neighborhoods

Phil Hall
Jan 12, 2018

When it comes to neighborhoods that can boast of affordable homes, highly rated schools, access to public transit and a generous housing inventory, it seems that there are only 25 areas out of the 80 major U.S. markets that make the grade, according to a new analysis by Redfin. However, more than half of those “have it all” neighborhoods are in Chicago.
Why Chicago, of all places? Redfin agent Alex Haried in Chicago attributed the Windy City’s attractiveness to a sunny tax environment.
“Our general rule of thumb in Chicago is to set aside about two percent of the sale price for local taxes each year,” he said. “These are the same taxes that help the city maintain a world-class transit system and help our schools rank highly, so it’s a necessary evil and a big reason why so many Chicago zip codes made the cut.”
Indeed, seven of the top 10 communities on the Redfin list were in Chicago. However, neighborhoods in Pittsburgh, Cleveland, San Antonio, Dallas, Houston and Miami also made the list. As for 2018, Redfin is predicting a migration from expensive, high-tax coastal markets like San Francisco, Silicon Valley and New York to smaller and more affordable cities.

Jan 12, 2018
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021