News / Features

Fannie Mae: Buyer, seller confidence falls in October

Consumer confidence in the housing market fell slightly in October 2017, according to Fannie Mae’s Home Purchase Sentiment Index (HPSI). HPSI, which measures confidence in buying or selling homes, decreased 3.1 percent from September 2017’s record high 88.3 to 85.2.

Homesnap, Waze partner to create geo targeted listing ads

One of the main hurdles agents have to overcome on a regular basis is having their listings seen by the people who are most likely to be interested in it. While previous wisdom was to get the ad in

Chicago home prices jump 4 percent since last year

Compared to last year, home prices in the Chicago-Naperville-Arlington Heights MSA rose 4 percent in September 2017, but the market remained unchanged between August and September, despite home prices becoming overvalued in many cities nationwide. According to CoreLogic’s U.S. Home

Mainstreet Organization of Realtors names new CEO

Mainstreet Organization of Realtors (MORe) has hired John Gormley as its new CEO. Gormley was previously the CEO of the largest local Realtor association in Missouri, St. Louis Association of Realtors. Gormley has also served as the vice president of communications

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NAR: GOP tax plan ‘attacks homeownership’

The GOP’s new tax plan, the so-called Tax Cuts and Jobs Act, “attacks homeownership,” according to a new statement from the National Association of Realtors (NAR). NAR has been vocally opposed to the bill, which would significantly reduce homeowner

Ginger Downs honored with Magel Award at NAR Board of Directors meeting

Chicago Association of Realtors CEO Ginger Downs was recognized for being the recipient of the 2017 William R. Magel Award for association leadership at the National Association of Realtors Board of Directors meeting Monday. “Never in my wildest dreams

NAR board votes to remove MLS subscription requirement

On Monday, the National Association of Realtors Board of Directors voted on four major MLS adjustments, one of which will allow agents more flexibility in MLS choice. A new broker-backed policy that is being called “MLS of Choice” prevents

NAR forecasts a strong 2018 for home sales amid inventory shortages, tax reform uncertainties

The National Association of Realtors (NAR) predicts a strong 2018 for home sales, but inventory shortages and upcoming tax reform could have a major impact on the market. NAR’s Chief Economist Lawerence Yun presented his 2018 housing and economic

Millennials want to buy homes, but worry about finances

A majority of millennials wish to someday own a home, but are unsure if their dream will become a reality, according to a recent survey by ValueInsured. The Modern Homebuyer Survey found that the desire to own a home among millennials

National Association of Realtors installs 2018 leadership

Elizabeth Mendenhall, CEO of RE/MAX Boone Realty in Columbia, Missouri, was installed today as 2018 president of the National Association of Realtors during the Realtors Conference & Expo in Chicago. Mendenhall was NAR’s 2017 president-elect and 2016 first vice

FSBOs reach all-time low in 2017

For-sale-by-owner (FSBO) homes accounted for only 8 percent of recent home sales, according to the National Association of Realtors (NAR). This marks an all-time low in FSBO home sales since NAR began recording the data in 1981. Between 2001

Home prices continue fast growth in the third quarter

Home prices continued to grow in nearly every major metro across the country in the third quarter, according to the latest quarterly report from the National Association of Realtors. The national median existing single-family home price rose to $254,000,

The search is on: Chicago Association of Realtors interviews for a new CEO

As the Chicago Association of Realtors gets ready to say goodbye to retiring CEO Ginger Downs, the search for the next CEO is already well underway. This exciting opportunity will require a proven leader with business savvy, excellent communication

Sales slide at Trump Tower

In the past year, the flurry of activity outside Trump International Hotel and Tower along the Chicago River has been well-documented. With massive, 20-foot letters spelling out T-R-U-M-P to anyone within eyeshot, the building has served as a rallying

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2018 Boards of Directors in Illinois real estate

Illinois Realtors President: Matt Difanis; RE/MAX Realty Associates President-Elect: Dan Wagner; Inland Real Estate, Oak Brook Treasurer: Ed Neaves; BHHS, Bloomington Immediate Past President: Doug Carpenter; Coldwell Banker, Mokena Chicago Association of Realtors President: Rebecca Thomson; @properties President-Elect: Tommy

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Chicago ranks in top 10 of sustainable cities

Chicago ranked at No. 7 among the most sustainable cities in North America, according to Arcadis’ recently-released Sustainable Cities Mobility Index. To measure the sustainability of 100 cities across the world, the SCMI looks at three factors in each

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