National News

Mortgage Applications Decrease in Latest MBA Weekly Survey

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 15, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 10.5 percent on a seasonally adjusted basis from

Builder Confidence Improves in October

Builder confidence in the market for newly built, single-family homes rose three points to 16 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for October, released today. This was the first improvement registered by the

Nearly Eight in 10 Americans Still Believe Buying a Home Makes Good Financial Sense

Nearly eight out of 10 respondents believe buying a home is a good financial decision, despite ongoing challenges with the economy and housing market. That’s according to the 2010 National Housing Pulse Survey, an annual report released today by

Home Buyers, Refinancers Can Lock In Record Low Home-Loan Rates

With home-loan interest rates at record-low levels, home buyers searching for an affordable mortgage and homeowners seeking to refinance now have a tremendous opportunity to lock in a mortgage at a bargain price, experts say. According to Freddie Mac’s

Local Exposure – Global Reach

by Michael Bauknecht When the market continued to shift 2007-2008, I decided to identify other opportunities instead of trying to compete for listings. My mental diet was changing and I started focusing on the intersection between real estate and

RE/MAX Records Increasing Franchise Sales

While the housing market is experiencing a post tax credit correction, RE/MAX reports that at the end of the 3rd quarter, 2010 franchise sales are 36 percent higher than this time last year. “Wherever we go in the world

Pending Home Sales Show Another Gain

Pending home sales have increased for the second consecutive month, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator, rose 4.3 percent to 82.3 based on contracts signed in August from a downwardly

Chicagoland Home Prices Remain Stable Around Recent Lows According to the S&P/Case-Shiller Home Price Indices

Data through July 2010, released today by Standard & Poor’s for its S&P/Case-Shiller(1) Home Price Indices, the leading measure of U.S. home prices, show that the annual growth rates in 16 of the 20 MSAs and the 10- and 20-City

Chicago’s Best-selling Condo Development, 565 Quincy, Tallies 120 Sales in First Nine Months of 2010

Last January, while many developers were taking a wait and see approach to the spring condo market in downtown Chicago, brokerage firms Belgravia Realty Group LLC and @properties instituted an aggressive sales and marketing program to sell the remaining

The Truth About Agents Survey
Vol. 4, Issue 19, Fresh On The Market: 1208 Oak St., Winnetka

$899,999 Co-op commission 2.5% -$150 This three-bedroom, two-bathroom Mediterranean villa was built in 1928 and recently rehabbed with Spanish details and modern amenities. The main level of this home features a kitchen with granite and stone countertops and hardwood

Vol. 4, Issue 19, Great Listing: 361 Ahwanhee Road, Lake Forest

$5,795,000 Co-op commission 2.25% 1st M, 1.75% 2nd M, 1% on balance Situated on 3.4 acres in Lake Forest, this recently renovated 1929 English country estate was built by architect Edwin Hill Clark. The five-bedroom home features a kitchen

Vol. 4, Issue 19, Fresh On The Market: 2051 W. Pensacola Ave., Lincoln Square

$1,549,000 Co-op commission 2.5% -$195 This two-story Georgian single-family home in Lincoln Square offers five bedrooms, three full baths, two half-baths and a full, shared master bathroom. Features include a home theatre system, wet bar, 14-foot ceilings in the

Vol. 4, Issue 19, Fresh On The Market: 39 S Bodin St., Hindsdale

$1,550,000 Co-op commission 2.5% -100 This three-story, five-bedroom, four-and-one-half-bathroom home features Brazillian cherry floors throughout the main and second level, family room with a built-in flat screen TV and three fireplaces. The master suite, located on the second level,

Vol. 4, Issue 19, Great Listing: 1024 W. Fry #301, River West

$675,000 Co-op Commission 2.5% -$150 This three-bedroom, two-bathroom penthouse is located in a four-story building with an elevator. The kitchen features Aiko cabinets by Arclinea, built-in Sub-Zero refrigerator with dual drawers, Miele oven, stainless steel dishwasher and granite countertops.

4337 N. Paulina

Ravenswood – $949,000 Co-op commission 2.5% This four-bedroom, three-and-one-half-bathroom single-family home is located in historic East Ravenswood. The home features a blend of contemporary and traditional architecture, and is placed on an oversized 33-by-165-foot lot. The renovated gourmet kitchen

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