[May 16, 2012 | Be the First to Comment | ]
Housing Starts Data Post Huge Yearly Increases

Housing starts for privately-owned homes rose by nearly 30 percent year-over-year in April, perhaps the strongest sign yet of a recovery in residential construction.
According to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development, starts were up 2.6 percent from March to April and 29.9 percent from April 2011 to a seasonally adjusted annual rate of 717,000.

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App Reviews »

[May 16, 2012 | Be the First to Comment | ]
New App Helps Agents/Investors Project Cash Flows

Residential/CRE Investor, a newly-released app for the iPhone, iPad and iPod touch, is a sophisticated yet user-friendly financial model for evaluating single-family, multifamily and commercial real estate investments
George Mathew, the app’s creator, said he wanted to create a program that effectively compared financial returns from a number of different products.

The Scene »

[May 16, 2012 | Be the First to Comment | ]
WCR Fundraising/Membership Drive – 5.9.12

WCR held a fundraising and membership drive, where lucky individuals received a call from WCR with some great incentives.

Agent News, Local News, National News »

[May 16, 2012 | Be the First to Comment | ]

Today’s real estate market is challenging and competitive, but this year’s Realtor Magazine “30 Under 30″ honorees haven’t let that deter them. The 2012 class is following in the strong entrepreneurial tradition of real estate, creating their own pathways to success.

National News »

[May 15, 2012 | Be the First to Comment | ]
Past Loans Still Impacting FHA Delinquency Rate

Another round of foreclosures and delinquencies has once again put the FHA’s finances under scrutiny, as the agency’s boom-era loans continue to haunt its books.
According to the latest data from Lender Processing Services, lenders began foreclosure proceedings on 36,400 FHA-backed mortgages in April, which is twice the number from a year ago, according to a Bloomberg report on the agency’s loans.

Local News »

[May 15, 2012 | Be the First to Comment | ]

A team of real estate agents from the Evanston Office of Koenig & Strey Real Living and other brokerages participated in the American Cancer Society’s Relay for Life in Evanston. The group is among many others that have participated and donated to this worthy cause to help cancer survivors celebrate more birthdays with their loved ones.
The team, named the Rose Warriors, succeeded in their efforts to raise money by nearly tripling their collecting funds from last year and surpassing their $5,000 goal this year. The Koenig & Strey Evanston included …

Featured Blogs »

[May 15, 2012 | 3 Comments | ]
Facebook Ads: What’s the Skinny?

One of my No. 1 hot topics in trainings right now is Facebook ads. It can seem like an elusive concept at first – how can you capitalize on the target marketing platform available through Facebook?
However, once you start to dig into social media and learn about how it can help your business, it’s pretty exciting to watch the doors of a potential market open wide.

National News »

[May 15, 2012 | Be the First to Comment | ]
Is Green Homebuilding Transforming the Residential Market?

Green homes have been growing more popular with each passing year, and a new study by McGraw-Hill Construction has discovered exponential growth in the industry.
According to its study, officially called “SmartMarket Report: New and Remodeled Green Homes: Transforming the Residential Market,” green homes accounted for 17 percent of the construction market in 2011, or, $17 billion, which is nearly triple that of 2005.

National News »

[May 15, 2012 | Be the First to Comment | ]
Obama Ramps Up Refinancing Rhetoric

In tune with the campaigning season, President Obama is stepping up his populist rhetoric to drum up support for his home refinancing plan.
Originally announced in January during his State of the Union address, the plan would allow homeowners with private underwater mortgages to refinance under the same conditions allotted to borrowers with government-backed loans, who were covered by programs such as the Home Affordable Refinance Program, or HARP.

Local News, National News »

[May 14, 2012 | Be the First to Comment | ]
Housing Affordability at 40-year High

Housing affordability has been trending upwards in the post-boom housing market, and according to analytics firm Fiserv, it’s now at a 40-year high.
Utilizing data from the Federal Housing Finance Agency, Fiserv studied 380 U.S. markets, and it found that with how home prices have corrected after their peak level in 2006′s first quarter, and how mortgage rates have similarly fallen, that a number of affordability-related indices are at their best levels in decades.