Local News

Real estate news in Atlanta

Are Zombies & Vampires a Problem in Our Housing Market?

What are Vampire REOs and Zombie Foreclosures? And what problems do they pose for the housing market? Last week, we reported on the latest National Foreclosure Report from CoreLogic, and the news was uniformly good: foreclosure inventory was down a

Does the Middle Class Have a Chance in Chicago’s Housing Market?

The U.S. prides itself for its strong middle class, but how many options does that middle class have for housing in the nation’s largest cities? Homeownership has long been a cornerstone of the modern American Dream, the ultimate symbol

How Affordable Will Housing Be When Rates Hit 7 Percent?

Housing affordability has been on the decline this year, but by how much? And what will affordability look like when rates increase? It’s been an interesting year in the world of housing affordability. Record low mortgage rates and competitively

MRED Well-Represented At 2013 Multiple Listing Services Conference

Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), announced today that several of its representatives will be attending the 2013 Council of Multiple Listing Services (CMLS) Conference taking place this week in Boise, Idaho. CMLS is the

What Neighborhoods in Chicago are the Most/Least Foreclosure Prone?

Foreclosures are a persistent problem in Chicago’s housing market, but not in all the city’s neighborhoods. Every month, CoreLogic and RealtyTrac release new data on foreclosures in the nation’s housing market, and every month, Chicago is near the top

Illinois Association of Realtors Installs 2014 Leadership

The Illinois Association of Realtors (IAR) recently installed its 2014 leadership, which includes a new president, president-elect and treasurer. Phil Chiles, a broker associate with the Real Estate Group in Springfield, will lead the IAR as its president in

CoreLogic: Foreclosure Inventory Drops 33% in August

The nation’s foreclosure markets have been showing considerable improvement in 2013, but did that trend continue in August? The good news continued for the nation’s foreclosure markets, according to CoreLogic’s latest National Foreclosure Report, with foreclosure inventory, completed foreclosures

Consumer Caution Grows in Latest National Housing Survey

Consumer sentiment on the housing market has gone nowhere but up in the last few months, but does the latest survey from Fannie Mae suggest a slowdown? Baby, we had a great run. Though consumer confidence on the housing

Did Chicago Rents Increase in the Third Quarter?

The nation’s rental markets have been quite hot in the post-boom housing market; did that trend continue into the third quarter? There have been two distinct memes in the housing market since 2008, both involving the nation’s rental market.

Baird & Warner Good Will Network Donates $50,000 to Charities

The Baird & Warner Good Will Network donated $50,000 to Chicagoland charities this month. This grant is in addition to a nearly $60,000 contribution that Baird & Warner made earlier this year to a number of other Chicago area

Trulia: Chicago Asking Prices Rocket 14.5% in September

Asking prices may have slowed nationwide in September, but here in Chicago, prices put up strong numbers on both yearly and quarterly measures. Asking prices in Chicagoland’s housing market were up a robust 14.5 percent year-over-year in September, along

How Much Do Homes Cost in Top Tier School Districts?

Strong school districts are often a top selling point for certain neighborhoods, but how do they translate to the median price of the area? It’s gotta be among the most common of questions that real estate agents receive –

McGraw Hill: Residential Construction in Chicago Up 65% in August

Construction in the Windy City remains historically low, but it’s made quite a bit of progress thus far in 2013. First, the bad news – residential construction in Chicagoland remains historically low, and is among the lowest of all

Agents’ Choice – Voting Closed

Voting is now closed for our 2014 Agents’ Choice Awards – thanks for all your votes! We’ll announce the three finalists on Monday, Oct. 6. And of course, stay tuned for our Oct. 20 issue, which will announce the

CoreLogic: Home Prices Slow in August, Still Up 12.4% YOY

Though monthly home price growth slowed in August, it still posted strong year-over-year returns, according to CoreLogic. Well, the great home-price honeymoon may be drawing to a close. According to the latest Home Price Index from CoreLogic, home prices

2013 Chicago Modern Home Tour Set For Saturday

Chicagoland residents looking to get out of the house this Saturday will have plenty of options, one of which is to visit someone else’s. From 11 a.m. – 5 p.m., six private residences designed by local architects will welcome

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