National News

Foreclosure Activity Decreases 21 Percent in November

RealtyTrac released yesterday its U.S. Foreclosure Market Report for November 2010, which shows foreclosure filings were reported on 262,339 U.S. properties in November, a 21 percent decrease from the previous month and a 14 percent decrease from November 2009.

Residential Market Shows Third Consecutive Quarter of Decline in Negative Equity

CoreLogic has released negative equity data indicating a third consecutive quarterly decline in negative equity for residential

The Professional Real Estate Auction Agent National Convention Announces 2011 Dates

The Professional Real Estate Auction Agent National Convention will be held in the historical city of Annapolis, Maryland on July 15-17,

Builder Confidence Remains Flat in December

Builder confidence in the market for newly built, single-family homes remained unchanged in December from the previous month at 16 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released

Price-Reduced Listings Continue to Soar Over Last Year

The number of price-reduced homes on the market this November increased dramatically compared to the same time last year, rising 24.1 percent according to ZipRealty’s Price Reduction Index, a monthly review of MLS-listed properties in 26 markets surveyed by

Clear Capital Reports Third Straight Month of U.S. Home Price Declines

Clear Capital (www.clearcapital.com) released its monthly Home Data Index (HDI) Market Report, providing a granular analysis of how local markets performed compared to the national downward trend in home prices through November

Trump for President in 2012?

Real estate developer and host of his own reality TV Donald Trump has hinted that he might consider running for president in

U.S. Homes Set to Lose $1.7 Trillion in Value During 2010

U.S. homes are expected to lose more than $1.7 trillion in value during 2010, which is 63 percent more than the $1 trillion lost in 2009, according to an analysis of recent Zillow Real Estate Market Reports. That brings

New Survey Reveals 58 Percent of Americans Expect Housing Market to Recover After 2012

Trulia.com, a top site for homebuyers, sellers and renters, and RealtyTrac, the leading online marketplace for foreclosure properties, Tuesday released the latest results of an ongoing survey tracking homebuyers’ attitudes toward foreclosed homes. Results of the survey conducted online

Entry Deadline for the 15th Annual Webby Awards Approaches

The 15th Annual Webby Awards will honor excellence on the Internet in the summer of 2011, the final date to enter the most innovative work online is December 17th. Entries for ‘Best Real Estate Site’ of the year can

Calvert Updates ‘Green Homebuilder’ Rankings Based on Environmental and Sustainable Practices

America’s 10 largest publicly traded homebuilders have started to improve their policies and practices relating to the environment and resources, but much progress remains to be achieved, according to a major new study by Calvert – one of the

Chicagoland Best Offices 2010

For our Best Offices issue, Chicago Agent found the most exciting places to work in the Chicagoland area. These real estate offices in both the city and the suburbs have discovered how to successfully run an office while still finding ways to have fun and keep agents on their toes. With a managing broker who knows the importance of setting the tone for the entire office, these are the places where agents have all of their professional needs fulfilled, and are able to find success regardless of the market.

Ask A Lender

For this issue’s Ask a Lender, Joe Burke, a vice president of mortgage lending with Guaranteed Rate, answers questions posed by Chicagoland Realtors. Q: I have spent countless hours and marketing dollars on condominium listings this year, only to

Agencies Issue Final Appraisal and Evaluation Guidelines

The federal financial regulatory agencies issued final supervisory guidance today on sound practices by financial institutions for real estate appraisals and evaluations. Financial institutions use reliable appraisals and evaluations to determine the value of collateral for mortgages and other

Zillow Rolls Out Agent Reviews and Ratings Feature

By Tom Butala Zillow.com on Wednesday rolled out a new feature, allowing users across the country to review and rate local real estate agents. With 12.5 million visitors each month, Zillow hopes the insight of former clients can provide

National Association of Realtors Predicts Strong Rebound in Pending Home Sales

Pending home sales jumped in October, showing a positive uptrend since bottoming in June, according to the National Association of Realtors. The Pending Home Sales Index,* a forward-looking indicator, rose 10.4 percent to 89.3 based on contracts signed in

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