Local News

Real estate news in Atlanta

Ryne Sandberg Selling his Last Chicago Property

Former Cubs second baseman Ryne Sandberg is selling his luxury co-op home in Streeterville. The home is listed at $650,000, which make $260 per square foot for the 2,500-square-foot

Homeowners Receive Property Tax Break in Illinois

  House Bill 4242 was unanimously approved  by the Illinois House in Springfield to freeze property taxes easements on properties that has been effected by natural disasters. The bill was passed Friday March 30 and went into effect

How Do Top Producers Think the Election Will Affect Housing?

At our Top Producers event this year, we asked top producers in attendance how they felt the election would affect housing. Find out what they had to

The Problems of Escalating Contract Failures

An interesting nugget of information on contract failures, was tucked away in the National Association of Realtor’s latest press release on existing-home sales. Amidst the details on sales (which were down 0.9 percent monthly but up 8.8 percent year, in case

Dimensions of a Housing Recovery

All week, we’ve been reporting on the different dimensions of the housing recovery. From housing’s relationship with the greater economic progression of 2012, to positive projections from Frank Nothaft, Freddie Mac’s chief economist, to the continually high interest from Americans

Karina Caulfield Joins Conlon

Less than two years after winning her own Sotheby’s franchise as part of a lawsuit settlement, Karina Caulfield has shut down her Lakeview residential real estate office to join forces with Conlon: A Real Estate

Derrick Rose Closes Deal on Condo with Help of Top Producer Matt Silver

Chicago Bulls guard Derrick Rose recently purchased a luxury condominium downtown at the Trump International Hotel and Tower, and he was represented by Matt Silver of Urban Real Estate. Silver believes that the purchase shows that Rose is dedicated

Environs Development Wins Big at America Living Awards

Chicago luxury homebuilding firm, Environs Development, was honored with six Best in American Living Awards (BALA)  at the 2012 International Home Builders Show held in Orlando, Fla. Founded in 1991, Environs Development is a full-service firm that specializes in architecture,

MRED Help Desk In Top 20 U.S. Call Centers

Midwest Real Estate Data (MRED), the Chicagoland multiple listing service (MLS), is pleased to announce that its Technical Help Desk has been identified as one of the top 20 call centers in the United States and Canada by BenchmarkPortal.

Chicago Home Values Hit Post-Boom Low in New Case-Shiller

Home values in Chicago declined again in Standard & Poor’s latest Case-Shiller report, falling 1.9 percent from December to January and 6.6 percent from January 2011, reaching new post-bubble

Michael Parent Appointed President Elect of MORe

Michael Parent, Coldwell Banker Residential Brokerage broker/branch manager in St. Charles, has been appointed as president elect of the Mainstreet Organization of Realtors (MORe), the fourth largest association of Realtors in the U.S. with more than 14,000 members in

Affordability & Assistance the Main Messages in Governor’s Speech to IAR

Governor Pat Quinn stressed affordability and housing aid in comments at the Illinois Association of Realtors Conference in Springfield earlier today, emphasizing his administration’s commitment to homeownership opportunities and foreclosure assistance programs. “Creating affordable and secure homeownership programs not

Homebuilder Stocks Hit Highest Point in Two Years

Investors say they are  “cautiously optimistic,” about the housing market as home builder stocks have hit their highest point in two years after a six month rising period. According to an article by the New York Times, the market

Will Koenig & Strey’s New Fee System Set a New Precedent?

Koenig & Strey made considerable waves on March 21 when it announced that it would implement a new fee-based system for buyers and renters starting April 2, a first for a major Chicago-area

Are Mortgage Rate Scares Overblown?

The continuing decline of mortgage rates was a welcome sign of consistency in an increasingly chaotic market. Amidst foreclosures, settlements, REOs and shadow inventories, we all seemed to grow comfortable with the fact that come Thursday, Freddie Mac would

Chris Lambrou named Finalist in SearchCIO Leadership Awards

SearchCIO, a source for midmarket-specific technology designed to help IT leaders with the ever-changing demands of managing IT at fast-growing midsized enterprises, has announced finalists for its 2012 Information Technology Leadership Awards. Midwest Real Estate Data (MRED’s) Chris Lambrou,

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