Local News

Real estate news in Atlanta

Existing-Home Sales Up 6.5% in July, Inventory Stabilizes

Not only were existing-home sales up by monthly and yearly measures in July, but housing inventory continued to stabilize as well. July was a rock solid month for existing-home sales, according to the latest data from the National Association

Condo Do-Over: Lakeview High Rise Rebounds From Vacancy

Nearly two years removed from spending $14 million on a pair of failing residential high-rise buildings in Lakeview, Contrarian Capital Management LLC, a firm located in Greenwich, Conn., and Chicago-based Conlon & Co. are starting to reap some benefits

Chicagoland Home Sales Skyrocket 36.1 Percent in July

All across Chicagoland, the news was good for home sales, with both the city and suburban markets putting up smashing numbers. Home sales in the nine-county Chicago Primary Metropolitan Statistical Area (PMSA) rose 36.1 percent year-over-year in July, according to

How Affordable, Really, is Chicagoland’s Housing Market?

Housing affordability has slipped a bit so far in 2013, but does Chicagoland’s housing stock remain affordable relative to other major cities? Housing affordability slipped a bit from the first quarter to the second quarter in 2013, according to

July Numbers Consistent With Previous Months, Notable Trends Emerge

Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), announced today that, as in the past few months, the number of sold units remains high (11,970) and the inventory (56,083) and Months’ Supply of Inventory (3.1) numbers are

New Plans for the NAREB Dearborn Chapter

Gerald McQuirter is the second vice president of the National Association of Real Estate Brokers (NAREB), local chapter, Dearborn Realtist in Chicago. He is making innovative changes to what a real estate board does for its members. He has

Who are Chicagoland’s Top 10 Homebuilders in 2013?

2013 has been a very good year for Chicagoland homebuilders, but so far this year, what builders have stood ahead of the pack? As we reported a couple of weeks ago, 2013 has, thus far, been a very encouraging

Weichert To Change Offices

Weichert Realtors has moved its office from 905 N. Main, Naperville to the Dynacom Center I, located at 1952 McDowell Rd in Naperville, owned and operated by DynaCom Management, Inc., according to a recent Chicago Tribune Article. Weichert Realtors, Kingsland

Builder Confidence in August at Highest Point in Nearly 8 Years

Builder confidence continued its upward trend in August, rising to its highest mark since 2005. August has proven another sterling month for homebuilders, with the National Association of Home Builders/Wells Fargo Housing Market Index, the leading measure of builder

Plans For New Condo High Rise Might Signal Market Upswing

Possibly symbolizing an increase in the sale of downtown high-rise condos, Chicago-based CMK Cos. is considering the development of a 16-story, 150-unit condo building in the South Loop, according to a Crain’s Business Chicago article published online Aug. 12.

Where in Chicagoland Have Foreclosure Filings Fallen the Most?

All of Chicagoland saw foreclosure filings plummet in 2013’s first half, though some areas improved more than others. Chicagoland’s mortgage markets put up some encouraging numbers in 2013’s first half, with foreclosure filings for the six-county region falling more

Housing Inventory in Chicago Down 26.2 Percent in July

Housing inventory in Chicago was down by double-digit amounts in July; how do those declines compare with the rest of the nation? Housing inventory in July may have been down 26.2 percent year-over-year in Chicago and 16.2 percent nationally,

How Healthy Are Chicagoland’s Mortgage Markets?

The second quarter proved a boisterously good period for the nation’s mortgage markets, but did all that good cheer extend to our local marketplace? Last week, we reported on the latest National Delinquency Survey from the Mortgage Bankers Association,

Three Coldwell Banker Offices Pull Together For Ronald McDonald House Charities

The Coldwell Banker Residential Brokerage offices of Elmhurst, Clarendon Hills, and Hinsdale will once again participate in the Ronald McDonald House Charities of Chicagoland and Northwest Indiana’s Annual Pulling for the House fundraiser on Saturday, August 17 at the

Rachel Bailey, Jane Shawkey, Nicholas Myers and Candace Taylor Join Coldwell Banker

Coldwell Banker Residential Brokerage is pleased to announce that Rachel Bailey and Jane Shawkey have joined their Gold Coast office. They will be marketing the condominium units at The Ritz-Carlton Residences on Michigan Avenue through the Coldwell Banker Previews

Trulia Confronts ‘End of Suburbia’ Meme with New Study

One of the more common housing memes, as of late, has been the end of suburbia: that because of the housing boom, and all the rampant suburban speculation that drove it, prospective homebuyers are opting for smaller units in

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