By Peter Ricci A housing company specializing in converting foreclosed properties has just entered the Chicagoland market with its first purchase in Aurora, according to a new report from the Chicago Tribune. Waypoint Homes, a California firm, owns more

By Peter Ricci The shadow knows – that his inventory is severely down! According to researchers at Morgan Stanley, the shadow inventory has fallen 35 percent from its 2010 peak, yet more evidence of stabilizing inventories in housing. The

By Peter Ricci Chicago led the nation in the latest Case-Shiller Home Price Indices from Standard & Poor’s, with home prices for the city rising by 4.5 percent from April to May and showing the best monthly appreciation of all

Hot on the heels of a proposed eminent domain plan in San Bernardino County California, the city of Chicago is considering a similar plan for underwater mortgages in Cook County. Eminent domain is a little-mentioned government power that allows

By Carlo Calma Chicago-based development company Related Midwest, an affiliate of the New York-based Related Companies, has announced that former @properties broker David Wolf has been named president of Related Midwest Sales, according to a Crain’s report. First up

By Carlo Calma Downers Grove-based Realtor organization Mainstreet Organization of Realtors (MORe) has awarded Libertyville Realtor De Shaun Cox with its Community Service Award, according to a July 26 press release. Cox was nominated for the award by her

By Carlo Calma Thaddeus Wong and Michael Golden, co-founders of Chicago real estate brokerage @properties, has named Kevin Van Eck to the role of director of agent development in a press release. Van Eck will step up to his

By Peter Ricci Pending home sales rose year-over-year for the 14th consecutive month in June, according to the latest Pending Home Sales Index from the National Association of Realtors. A forward-looking index based on contract signings, the Pending Home Sales

By Carlo Calma As part of its continued efforts to expand in the metropolitan Chicago real estate market, RE/MAX Northern Illinois has announced its intention of establishing a new franchise in Lake Forest according to a press release. The

If you can’t buy it, rent it. That might be an appropriate slogan for recent proposed ordinance in Chicago that aims to put renters in buildings going through foreclosure. Chicago aldermen are expected to introduce an ordinance today that

By Stephanie Sims Did AMC’s Hell on Wheels not get picked up for another season? Because one of its stars, and successful rapper, Common, is facing foreclosure on his Chicago condo. Several reports, including one from Crain’s, say that

Zillow joined the fray of optimism that has swept over real estate analysis the past few weeks with its latest Real Estate Market Report, stating that not only did housing values bottom in February of this year, but they

Zeke Morris has begun his presidency of the Chicago Association of Realtors (CAR) a couple months early, replacing former president Bob Floss with the support of the association’s board of directors. Morris, the operating principal and managing broker for

By Peter Ricci Chicago mortgage company Guaranteed Rate has filed a lawsuit against developer Warren Barr for a multi-million dollar mortgage fraud. The lawsuit, according to a Crain’s report, alleges that in late 2007, Barr and others responsible for

By Stephanie Sims Since The Dark Knight Rises opened Friday in theaters, we thought this infographic from Movoto about how much Batman’s home would be worth in today’s market was

Co-founders of Chicago-based real estate firm @properties Thaddeus Wong and Michael Golden have announced the addition of their new office in Highland Park in an issued press release. The new office, located at 607 Central Avenue, will serve Highland