News / Features

MRED adopts real estate technology platform Remine. How does it work?

The multiyear lease Midwest Real Estate Data (MRED) recently signed with Remine, a big data and predictive analytics platform designed to help agents identify new market opportunities, will offer customers a number of benefits, according to Rebecca Jensen, MRED

Redfin: More homebuyers than ever bid on homes before seeing them in person

More than one-third of people — 35 percent — who bought homes last year submitted a bid without ever seeing the homes in person. According to a recent Redfin, this is an increase from 33 percent in May 2017 and significantly

Andy Shiparski named managing broker for Coldwell Banker’s Lincoln Park Clybourn office

Andy Shiparski, former managing broker of the Gold Coast office for Coldwell Banker Residential Brokerage, will now serve as the managing broker at the company’s flagship Lincoln Park Clybourn office. In his new role, Shiparski will handle day-to-day operations

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Pending home sales drop to lowest level since 2014

The Pending Home Sales Index dropped 4.7 percent in January after three months of increased activity. Based on contract signings, the forward-looking index fell from a downwardly revised 109.8 in December 2017 to 104.6 in January 2018. The Pending

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Digital app Abode aspires to make buying homes more accessible

Abode, a new free digital platform that aims to make the homebuying and selling process easier for both consumers and real estate agents, was launched in 2017 by tech entrepreneurs Kyle Stoner and Carson Junginger. “People often describe buying

Starter homes surge in value over the past five years

As the demand for entry-level homes continues to rise across the country, a new report shows owners of entry-level and starter homes are gaining equity faster than owners of higher-end homes. Owners of starter homes have seen their equity

Zillow: Home value growth is slowing nationwide as mortgage rates rise

National home values are rising at their slowest pace since November 2016, according to the most recent Zillow Real Estate Market Report. Home values increased 6.7 percent last year to a median home value of $207,600, marking the slowest pace

Luxury home prices level off after post-recession housing boom

  After eight years of the post-recession housing boom and the record-breaking price increases of recent years, the luxury residential market stabilized in 2017, according to the luxury market report by The Institute for Luxury Home Marketing, a partner in

Real Estate in Brief: FHA to expand foreclosure relief for 2017 disaster victims

The Federal Housing Administration revealed its plans on Feb. 22 to broaden foreclosure relief for the victims of 2017’s natural disasters. The move would affect all FHA-insured homeowners in areas affected by Hurricanes Harvey, Irma and Maria, as well as

Which real estate franchisor has the most agents?

The world of real estate is constantly changing and evolving for agents — from the technology they can use to improve their business to the options they have when choosing a franchise. The National Association of Realtors recently released

Illinois features prominently on 2018’s safest US cities list

A pair of Chicago suburbs are among the nation’s top 10 safest cities in 2018, according to a new study from NeighborhoodScout. The site’s annual list of Top 100 Safest Cities in the United States included Buffalo Grove at No.

How top producers work together with mortgage lenders

The mortgage lending industry comes with the occasional surprise, but a great lender will be able to ride the course year after year, continuously helping homebuyers and refinancers obtain the optimum mortgage solutions for their needs. With 2018 predictions

Real Estrange: An oceanfront getaway

Priced at $17 million, this luxurious home in Carmel, California, may catch the eyes of cinema enthusiasts. First seen in the 1992 thriller “Basic Instinct” starring Michael Douglas and Sharon Stone, this 12,000-square-foot, three-story house has a variety of

Illinois home prices rose in January while sales fell

Continued tight inventory in January contributed to an increase in home prices and a decrease in statewide home sales compared to last year’s figures, according to the latest report from Illinois Realtors. In January 2018, total home sales, comprised of

Existing-home sales down for the second consecutive month in January

Existing-home sales fell 3.2 percent in January for the second consecutive month, according to the National Association of Realtors. Last month’s total existing-home sales, including single-family homes, townhomes, condominiums and co-ops, saw the largest annual decline in more than

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MRED signs license with real estate technology platform Remine

Midwest Real Estate Data (MRED) has signed a multi-year license with Remine, a big data and predictive analytics platform designed to help agents identify new market opportunities, according to a press release from both companies. According to the company’s

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