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Real estate news in Atlanta

Debbie Maue Awarded for Realtors To The Rescue

By Natalie Terchek Debbie Maue, an agent with Jameson Sotheby’s International Realty, will receive a community service award tonight at the Chicago Association of Realtor’s Inaugural Gala. Maue is actively involved with several service organizations, but the award tonight

Prospect Mortgage Announces New Construction Financing Options

With the U.S. Census Bureau reporting an increase of more than 25 percent in new housing permits in the first half of 2012 (as compared to 2011), Prospect Mortgage has announced a new platform to finance new single-family homes

MRED Enhances Social Marketing for its Customers with Facebook App

Midwest Real Estate Data, the Chicagoland multiple listing service, has announced a new partnership that offers its real estate professionals a solution to connect with potential clients through

Offers and Home Closings Decline, But Market Still Shows Steady Gains

Though home closings dropped in August, stats still show the market may be strengthening. Redfin conducted its Real-Time Demand Pulse, its monthly analysis of customers touring homes and offers being made in 18 markets across the U.S., and found

Battle Over Ritz-Carlton Residences Threaten Finished Product

By Stephanie Sims The Ritz-Carlton Residences are almost finished, but a legal battle could prevent residents from moving in. Chicago-based Prism Development Co., the developer of the 89-unit condominium tower, and Terra Foundation for American Art, which owns the

CAR Sues Andrea Geller for Defamation, Seeks Damages of $50,000+

By Peter Ricci The Chicago Association of Realtors (CAR) is suing Andrea Geller, a CAR member and agent for Coldwell Banker, for defamation for public statements she made in relation to Chicago Agent magazine’s story on the impeachment of former

Tere Proctor Named President of Arc Residential to Lead Sales for Lincoln Park 2550

By Natalie Terchek Ricker-Murphy Development LLC, developer of Lincoln Park 2550, announced today that Tere Proctor has been named president of Arc Residential, a newly formed sales organization, and the exclusive broker for Lincoln Park 2550. “This is an

Congress Considers Additional G-fee Increase To Avoid Fiscal Cliff

By Peter Ricci The g-fee increase for Fannie Mae and Freddie Mac loans was undoubtedly the most controversial element of the payroll tax cut brawl in Congress last year – in case your memory is foggy, the added revenue

How Many Homes Are Sold in One Month?

By Stephanie Sims The National Association of Realtors recently reported that nationally, 33 percent of homes sold were sold within one month – that’s it. In addition, MRED said that in Chicago’s market, 50 percent of homes closed in

Glencoe School District 35 Among Most Attractive in the Nation

Glencoe School District 35 was rated the fourth most attractive school district in the nation by real estate website Trulia in a study of how the nation’s school districts impacted the decisions of prospective homebuyers. Trulia’s methodology was simple

Craig Shodeen Undertakes Presidential Role for Shodeen Residential

By Carlo Calma Founder and Chairman of Sho-Deen, Inc. Kent Shodeen has made the announcement that Craig Shodeen has recently rejoined the company, and will serve as president of ShoDeen Residential. Craig is no stranger to the Sho-Deen, Inc.

Chicago Home Prices Rise 4.6 Percent in June Case-Shiller

For the second month in a row, Chicago home prices rose strongly in the Case-Shiller Home Price Indices from Standard & Poor’s, rising 4.6 percent from May to June. Chicago was the talk of the real estate community last month, when

Koenig & Strey Gold Coast Maintains Top Market Share In Luxury Real Estate

By Carlo Calma Chicago-based Koenig & Strey Real Living has announced that its Gold Coast office once again holds the top luxury market share position for the first half of 2012 in an issued press release. According to Koenig

2012 The Truth About Agents Survey Results

Chicago Agent sent out a comprehensive survey to find out the truth about agents, and to compare the results for the year 2011 to our results from 2010. We received an overwhelming number of responses (special thanks to our

Guaranteed Rate Receives Honors From Leading Real Estate Publications

By Carlo Calma Chicago-based mortgage lending company, Guaranteed Rate, has been recognized by real estate publications Banker & Tradesman and The Commercial Record, according to an issued press release. The company was listed as “one of the 50 fastest

Nine-County Chicago Home Sales Increase 29.1 Percent in July

By Peter Ricci Home sales in the nine-county Chicago area increased 29.1 percent year-over-year in July, according to the latest data compiled by the Illinois Association of Realtors (IAR). For the state of Illinois and City of Chicago, home

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