News / Features

Northern Illinois RE/MAX Brokers Earn Prestigious Award and Honors

Seventy-three RE/MAX brokers across northern Illinois recently received the prestigious Lifetime Achievement Award and Hall of Fame career achievement honors respectively. RE/MAX brokers are eligible for four career awards, each marking an important professional milestone while they are affiliated

PARScore Helps Limit Liability, Save Money

Most people look at a home purchase as an investment – probably the biggest of their lifetime – and it’s an appropriate perspective. But for condo buyers, it’s not like a single-family home, where the purchaser is taking on

Top Producing Broker Heather Gustafson Joins @properties

@properties, the largest independent real estate brokerage firm in Illinois, announced that Heather Gustafson has joined the firm. A top-producing broker with extensive experience in new-construction residential sales and marketing, Gustafson has produced over $200 million in career sales

IAR Urges Member Action on State Bill

The Illinois Association of Realtors has sent out a call for action to its members, urging them to oppose a new state bill that, it claims, will increase home seller fees by $75 million per year. “Please contact your

Are Chicagoland Homeowners Overvaluing Their Properties?

We may think we have a firm grasp of our market’s value, but new research suggests that’s not the case. Chicagoland homeowners overvalue their listings by 0.63 percent, at least compared to what certified appraisers judge as the value

“Hidden” Spaces in Demand For New Construction

We’ve all seen the movies with hidden rooms behind bookcases waiting to be discovered, but those rooms are no longer solely a screenwriter’s creation. Builders nationwide are receiving requests from homeowners for hidden home offices, reading rooms, home theaters,

MRED Announces Zillow Direct Feed & Listing Syndication Dashboard

MRED, Chicagoland’s MLS, recently announced a number of additions to its services, namely a direct listing feed to Zillow/Trulia and a new syndication dashboard for brokerages. MRED’s direct feed comes on the heels of similar Zillow Group agreements, which

Do March’s Disappointing Homebuilding Stats Suggest Market Weakness?

Last month’s homebuilding numbers were a big letdown – what does that suggest about the larger economic climate? Housing construction turned in a disappointing month in March, according to the latest analysis from the U.S. Census Bureau. The numbers were

Move Files Whistleblower Letter, Zillow Retaliates

The legal battle between Move and Zillow continues. The legal feud between newly formed Zillow Group and Move, Inc., operator of realtor.com, has been a veritable barn burner these last several months, as the companies continue to exchange one

TILA-RESPA: Nearly Half of Lenders Unprepared

New TILA-RESPA rules will come into effect in August, but a new survey shows lenders are struggling to prepare. Effective August 1, lenders will be responsible for altering procedures to respond to the new TILA-RESPA Integrated Disclosure Rule, aimed

3 Reasons To Be Optimistic on Housing in 2015

Freddie Mac is optimistic on housing in 2015, and for a number of reasons. One of housing’s most active participants is highly optimistic for the industry’s future, though even it acknowledges that challenges remain. That was the main takeaway

CoreLogic: Chicagoland Trails Nation, But Makes Foreclosure Headway

Foreclosure levels fall across the country, but remain well above pre-crisis levels. CoreLogic today released its February 2015 National Foreclsoure Report, and the findings were indicative of a trend we’ve been seeing since last year, which is decline. Since

The Suburban Switch: How Longer Commutes Affect Homebuying

Suburban sprawl is giving way to walkability. But what does this mean for the people stuck in the suburbs? The lay of the land is changing. Where once work and life shared common vicinity, these days, people, whether by

It Takes Just 2 Years to Break Even on a Chicagoland House – With Big Conditions

It takes a very short amount of time to break even on a house nationwide, but such privileges come with significant conditions. It takes just over two years to break-even on a mortgage in Chicagoland, meaning the point at which

5 Troubling Signs of Consumer Uncertainty in Housing and the Economy

Despite recent improvements, there remain considerable uncertainties for consumers when it comes to housing and the economy. Everywhere you look, nowadays, there seems to be a new study or report proclaiming good news about both housing and the greater

CoreLogic: Chicago’s Cashing Out

A new CoreLogic study details the fall of cash sale shares across the country. A home is a good investment, but a normalizing market has somewhat thinned out the opportunities to make quick, high yield sales, and as a

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