National News

Inventory in Chicago Starts 2014 on Wrong Foot, Drops 10.5%

Chicago’s housing inventory blues have not improved much with the New Year. Chicagoland’s housing market has distinguished itself from other national markets in several ways the past few months; unfortunately, the area’s rapidly declining housing inventory has been one

MRED’s 2013 System Usage Sets New Record

Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS) and one of the largest MLSs, serves nearly 40,000 real estate professionals. Having that many brokers, appraisers and support staff accessing your MLS system, you expect the metrics to

Realtor.com Scraps Agent Matching Service

Realtor.com does not yet have the winning combination for an online ranking platform for real estate agents. Like Redfin and the Houston Association of Realtors (HAR) before it, realtor.com  recently stopped its attempt to accurately rank Realtors in a

My Style: Melanie Parsons, Real Estate Broker, Keller Williams Success Realty, Barrington

Number of years in real estate: Nine years. Describe your look: Modern classic. What do you consider a “fashion don’t”? Logos galore. What is your favorite piece of clothing and why? A great pair of black riding boots. They

DocuSign Taps MRED CEO for Real Estate Advisory Council

Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), announced today that its President and CEO Russ Bergeron has been named to the DocuSign Real Estate Advisory Council. The inaugural meeting, with attendees from across the real estate

Trulia: Chicago Asking Prices Leap 15.8% in January

Chicagoland’s housing market continued to grow in confidence in January. Asking prices in the Chicagoland housing market increased 15.8 percent year-over-year in January, according to the latest Price Monitor from real estate website Trulia. That was the fourth strongest

Wells Fargo Tops List of World’s Most Valuable Bank Brands

Wells Fargo has been ranked the world’s most valuable bank brand on Brand Finance’s Banking 500 list. The list, compiled annually by leading brand valuation consultancy Brand Finance, ranks the world’s biggest banks by their brand value. The results,

LendingTree Survey Reveals 71% of Current Homeowners are Contemplating Selling in 2014

An optimistic outlook from current and potential homeowners will make 2014 an active year in the housing market, predicts a recent LendingTree survey conducted by Research Data Technology, Inc. Of the 609 current and potential homeowners surveyed, more than two-thirds

Midwest Chapter of the Counselors of Real Estate Announces 2014 Officers

The Counselors of Real Estate, an international group of high-profile real estate, financial and legal professionals, is pleased to announce the 2014 officers for its Midwest Chapter. David Hooks of MarketHooks Consulting, Inc., will serve as the chapter’s chairman. The co-vice

CoreLogic: Chicagoland Home Prices Rise 12.5% in 2013

Chicagoland’s housing market showed some definite positivity in 2013, according to CoreLogic. Home prices in the Chicagoland marketplace rose 12.5 percent in 2013, according to the latest CoreLogic Home Price Index. That was the fifth strongest yearly increase of

Census Bureau: Residential Construction Jumps 18% in 2013

Last year proved a very positive one for residential new construction, according to the final Census Bureau numbers. Residential construction spending finished out 2013 at a very fine $352.6 billion, according to the final number crunching by the U.S.

Redfin: 19.6% of Chicago’s Listings Pending in Two Weeks

Has Chicago’s housing market picked up any steam in the last year, or is it moving sideways? We’ve been reporting with marked regularity on how the nation’s housing market has slowed down, but is that trend consistent here in

NAR: Housing Inventory in Chicago Drops 14.65%

Housing inventory is something we follow pretty closely, and realtor.com’s latest numbers suggest quite a bit about the current housing market. Oh housing inventory, how we love you. One of the major narratives of the housing recovery, it seems

CoreLogic: Chicagoland Foreclosure Inventory Down 38%

Chicagoland’s foreclosure inventory continues to improve, according to the latest research by CoreLogic. Chicago: Chicagoland’s foreclosure marketplace continued on the path to recovery at the end of 2013, according to CoreLogic’s latest National Foreclosure Report. In Dec. 2013, 3.6

Pending Home Sales Drop 8.7% in December, is Housing in Trouble?

Last year closed out on a sour note for pending home sales, according to NAR’s final tally. Dec. 2013 was a rough month for pending home sales, with the Pending Home Sales Index dropping 8.7 percent from November to

House Flipping Hot Again in Illinois, More Signs of a Housing Recovery

The number of “flipped” homes in Illinois increased by 38 percent in 2013 compared to the previous year, and by a whopping 309 percent from 2011. A total of 5,388 homes were flipped in Illinois – homes purchased and

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