Local News

Real estate news in Atlanta

Asking Prices Up 5.9 Percent in Trulia Price Monitor

Asking prices increased 5.9 percent year-over-year in January in the latest Trulia Price Monitor, an assessment of all the asking prices on the website’s

Back on Top: Real Estate Ranked Best Industry to Work In!

Despite a recession, economic adversity has done little to quell the passion of real estate professionals for their industry. According to the newest survey by WorkPlace Dynamics on U.S. businesses and industries, real estate was the nation’s best industry to work

Empty Lots in Chicago at Their Lowest Level in Three Years

The number of available empty lots in Chicago for residential development fell yet again in 2012’s fourth quarter, hitting its lowest level since

CoreLogic: Foreclosure Inventory Down Nearly 20 Percent in 2012

Foreclosure inventory fell in 2012 from 1.5 million homes to 1.2 million, a 19.5 percent decline that further demonstrates the progress the U.S. real estate made last year, according to the latest National Foreclosure Report from

Judge Denies Motion to Dismiss Andrea Geller/CAR Lawsuit

A Cook County judge has denied the motion to dismiss the Chicago Association of Realtors (CAR) lawsuit against Andrea Geller, allowing the suit to progress to the written discovery

Chicago Home Prices Up 0.8 Percent in November Case-Shiller

Chicago home prices bounced back in a respectable way in the November Case-Shiller Home Price Indices, increasing 0.8 percent year-over-year and reversing an unfortunate trend of falling home prices for the city, according to the latest release from Standard

How Did the Realtor Party Perform in 2012?

The Realtor Party was something new from the National Association of Realtors (NAR). Though the famously democratic group was already one of the most active lobbying groups in the U.S., the Realtor Party made the association’s political influence official,

What Will Happen with Housing Inventory in 2013?

Yesterday’s existing-home sales report from the National Association of Realtors’ made two points perfectly clear: one, that existing-home sales are showing promising trends for 2013; and two, that housing inventory has fallen just about as low as it possibly

2012 Zillow Home Value Index Increases 5.9 Percent Over 2011

The latest Home Value Index from Zillow had nothing but good things to share about the housing market, with U.S. home values increasing 5.9 percent in 2012 over 2011. Furthermore, the Home Value Index also increased in 2012’s fourth quarter,

Google Real Estate Part 5: The Appeal of Homeownership

So far, our “Google Real Estate” series has covered a wide range of topics within the real estate tech sphere. From Internet video, to mobile users, to the broad applications of marketing strategies, our emphasis has been on the

Chicago Real Estate Shows Life in 2012, Sales Up 26.7 Percent

The Chicago real estate market showed considerable signs of life in 2012, with year-end home sales totaling 90,365, a 26.7 percent increase from 2011, according to the Illinois Association of Realtors. Homes sales in December were similarly strong, increasing

MRED’s Inventory of Homes Half That of Two Years Ago

Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service, announced that December 2012 figures indicate the volume of properties for sale on Dec. 31, 2012 was at about 50 percent of that for 2010, with the number of for-sale

What Will Be the Impact of Cook County’s ‘Land Bank’?

In an effort to manage its overwhelming supply of vacant and abandoned properties, the Cook County Board of Commissioners unanimously passed an ordinance to create a “land bank” to manage and repurpose the properties. The largest such land bank

Are Price Reductions Becoming More Infrequent?

Heavy price reductions were one of the ugliest side effects of the housing downturn, but a new study by Trulia suggest that price reductions may be happening with fewer frequency as the housing market

One Down, One to Go for Ritz-Carlton Residences Legal Disputes

A Cook County Circuit Court judge has sided with Prism Development, the Chicago-based developer behind the embattled Ritz-Carlton Residences on North Michigan Avenue, in a legal squabble with the Metropolitan Water Reclamation District of Greater Chicago that clears up

Will Added Competition Threaten First-Time Homebuyers?

First-time homebuyers, as any agent knows, are one of the most important demographics to a healthy real estate market, and the increasing market share of first-time homebuyers has been one of the many positive developments of the housing recovery

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