Caroline Broderick

Chicago

Residential Housing Reporter at Homes.com

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Articles

Three cities, three homes, one price: What $380,000 buys

4 days ago | homes.com | Caroline Broderick

As many markets turn in favor of homebuyers and away from sellers, price relief could be on the way, though the median price of a home remains elevated at $380,000. Inventory for homes reached 20% year over year in April, according to the National Association of Realtors. At the same time, sales for single-family homes and condos were the lowest for the month in 16 years. These three homes in three different markets showcase what the median home price can get a buyer today.
This is the least popular paint, according to Sherwin-Williams

1 week ago | homes.com | Caroline Broderick

If one is the loneliest number, Radiant Lilac is the loneliest color. Paint company Sherwin-Williams announced Radiant Lilac as its least popular paint color, with fewer than 1,000 gallons produced last year, also deeming it the “loneliest color.”It’s the second annual loneliest color selection from the brand. Last year, the inaugural loneliest color was Kingdom Gold, a highly saturated yellow with green undertones.
Home built by Chicago Bears’ ‘Punky QB’ is this Illinois suburb’s most expensive

1 week ago | homes.com | Caroline Broderick

The former home of Chicago Bears quarterback Jim McMahon could break another sales record in the suburb of Northbrook, Illinois, if it sells at its asking price of $5.99 million. The sellers, Yianny Caparos, CEO of food manufacturer Crown Bakeries, and his wife, Annette, are the second owners to live at the 10,286-square-foot estate. The Caparos purchased it in 2013 for $4.25 million from a neighbor who renovated the residence and owned it for three years, but never occupied it.
Affordability improves, driven by home price declines

2 weeks ago | homes.com | Caroline Broderick

Housing affordability for American families is improving with the help of declining home costs and rising incomes. The overall market is still challenged, however, as the average family remains cost-burdened in about half the country, whether purchasing a new or existing home, according to an analysis published Thursday.
Couple’s Detroit bank conversion was labor of love

2 weeks ago | homes.com | Caroline Broderick

As soon as a toilet was installed in the former bank that Lynne Savino and her husband purchased to turn into their Detroit dream home, they moved in, placing their bed in the middle of the construction zone. Savino would wake up in the living room, then work on a new part of the project that would take the property, vacant for 10 years, into a modern, airy, artsy single-family home. “I did not have a shower for a month.
Buyers have the upper hand in Denver as inventory shoots up

2 weeks ago | homes.com | Caroline Broderick

It’s a great time to buy, but a challenging time to sell in Denver, according to local agents. The Mile High City has shifted from having an inventory crunch, with a 66% annual increase of detached homes for sale in April, the Denver Metro Association of Realtors said in a monthly report. It’s one factor creating a buyer’s market amid listing price reductions and declining demand. The higher inventory is an unseasonal trend for the market as it moves into the usually booming spring selling season.
Illinois town wants to seize Pope Leo’s childhood home using eminent domain

2 weeks ago | homes.com | Caroline Broderick

Pope Leo XIV’s hometown of Dolton, Illinois, plans to begin the process of obtaining the pope’s childhood home through eminent domain. The move comes after the owner, a real estate investor, listed the home for auction last week. A letter sent Tuesday to the auction house — Paramount Realty USA — and obtained by Homes.com News stated the village will take ownership of the home at 212 E.
Illinois ghost tour mansion wants its next owner for $600,000

3 weeks ago | homes.com | Caroline Broderick

Galena, Illinois, is known for its well-preserved and quaint 19th-century buildings and being home to Ulysses S. Grant for a time. The town also has a long history of reported paranormal activity. One of the preserved homes is the James M. Ryan Mansion, a towering Italianate estate outside downtown Galena with 10 bedrooms, 10 bathrooms and a soaring belvedere that looks seemingly perfect as a spot for a spirit to appear.
Four questions to an agent: A dog named Midge and selling a hospital

3 weeks ago | homes.com | Caroline Broderick

The only job that ever intimidated agent Millie Rosenbloom was the idea of trading on the floor of the Chicago Mercantile Exchange, where she once thought about yelling out orders for buying and selling commodities. A friend, Leo Melamed, who also happened to run the exchange, suggested that Rosenbloom look to another less male-dominated career. “There were very few women that were really active 40 years ago,” said Rosenbloom.
One code to build them all: What’s in Colorado’s new modular housing law?

3 weeks ago | homes.com | Caroline Broderick

Factory-built homes are touted to be significantly cheaper than traditionally built ones, though that hasn’t quite yet been the case in Colorado. A new state law, signed last week, aims to remedy this and deliver cheaper, faster homes to Coloradans, lawmakers say. Modular builders — companies that build homes in a factory and then install them on-site atop a foundation — in the state have yet to maximize on factory-built housing’s economies of scale, said state Rep.