Cover Story

When Defining “Luxury,” it’s All Relative

When it comes to the housing market, how do we truly define luxury? Is luxury determined by the price tag assigned to a property? Is luxury a property that has exquisite finishes? Or is size the deciding factor in

Luxurious Listings – Chicago’s 20 Most Expensive Listings

The Chicagoland area is home to one of the most dynamic collections of luxury real estate in the country, and our chart below ranks the 20 most expensive listings in the area. Address City Price Listing Agent Company Type Days on

The Improving Appraisal Landscape: Why Your Business Depends On It

During the boom years of the early 2000s, housing prices soared at an unprecedented pace. Demand was high for existing homes, and business was rolling in for appraisers. The system, however, was suffering from deep and significant flaws that

Be Wary of These 7 Mistakes in Appraisal Reports

Adam Wiener, founder of Aladdin Appraisal in Greater Boston and an active reviewer of appraisal reports, shared with us the seven most common issues and errors he has encountered while reviewing real estate appraisals. The following errors are violations

Managing Brokers: We Ask. They Answer.

Managing brokers face a plethora of challenges, many of them unique to today’s real estate climate. For instance, they have to provide education and reliable advice about how syndication sites – including the newly formed Zillow Group – play

Managing Millennial Expectations

When it comes to bucking a trend and breaking a pattern, no group is as mysterious as the Millennial generation. Once dubbed “The Me, Me, Me” generation, Millennials march to the beat of their own drums, both as a

What Baby Boomers Can Learn from Millennials

The mother-daughter team of Marlene Rubenstein and Dena Fox with Baird & Warner represent what the Baby Boomer and Millennial generations can learn from each other. Baby Boomer Rubenstein shares what she has learned from her Millennial daughter, Fox.

Millennial Employment Stands Out in Housing Barometer

Trulia’s 2014 fourth quarter Housing Barometer reported that, on a scale of 0 percent (recession levels) to 100 percent (pre-crisis “normal” levels), all elements of the five-measure gauge suggest a trending towards a healthier and more balanced market. Through

Spring 2015 New Construction Update

In 1989, the film Back to the Future Part II predicted that the year 2015 would be an age of wonders. The wild changes forecast ranged from the implausible (Marty McFly’s flying skateboard) to the unimaginable (a World Series

The Top 8 Trends For New Construction Homes

Trends in housing change often, and though they can be hard to predict, below you’ll find what we expect to be eight of the hottest housing trends in the next 12 months. Freestanding bathtubs A contemporary take on clawfoots,

Hot Areas for New Construction

Although the “usual suspects” of hot-selling neighborhoods – Lincoln Park, River North and West Loop – are still getting attention, the South Loop, Logan Square and the Gold Coast (where the first high-rise since 2007 recently broke ground in

How To Sell New Construction (It’s Not the Same As a Resale)

Selling new construction takes additional skills than selling an existing home. Agents need to be educated about what goes on in the building process and how this relates to buyers’ needs. Stefanie Lavelle, an agent with Coldwell Banker Residential

The 2015 Truth About Agents Survey

Chicago Agent sent out its sixth annual Truth About Agents survey, a comprehensive survey to find out what changes took place in the industry and what agents experienced from 2013 to 2014. We received responses from the real estate

Agent Income

What was agent income in 2014? And how did it compare to 2013 and years past? CLICK THE IMAGE TO

Demographics

Here are the main demographics of Chicagoland’s diverse real estate community. CLICK THE IMAGE TO

Training

What training courses did Chicagoland agents take to improve their business? And how many designations do they have? CLICK THE IMAGE TO

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