News / Features

Chicagoland’s Most Competitive Suburban Housing Markets

What suburban markets in Chicagoland are seeing the greatest level of competition? Last week, we reported on the top-selling suburbs in Chicagoland, and how the Aurora, Naperville and Joliet markets were once again at the top. Those three communities, though, have

CoreLogic: Chicago Cash Sales Reflect National Pace

A new report from CoreLogic highlights improvements to the nation’s share of all cash sales. Unfortunately, it’s still high. It’s a new housing market in 2015. Policies are shifting, new legislation is being written, and in an eddying whirl

Chicago Tops Site Selection’s Top Metro in the US for Second Year in a Row

According to a new report from Site Selection, a corporate real estate magazine, businesses love Chicago. The magazine claims, in 2014, 385 companies either expanded their operations in or relocated to the Chicagoland area. This number earned Chicago the

4 Reasons You Should Doubt the ‘Official’ Unemployment Rate

Sure, unemployment has been falling, but the way we measure unemployment is riddled with problems Last week, we reported that the U.S. unemployment rate fell to 5.5 percent in February, the lowest it’s been in nearly seven years. News

Guaranteed Rate Announces New “Mojo Minute” Video Series

Guaranteed Rate, one of the ten largest retail mortgage lenders in the U.S., recently introduced a new weekly video podcast called the “Mojo Minute.” The new video podcasts, designed to help real estate agents increase productivity, be more profitable

CoreLogic: Chicago Makes Progress, Foreclosure Backlog Persists

The nation is healing, and as a result foreclosure inventories are thinning out across the nation. How did our city do? Foreclosure numbers responded positively to a healing economy in January, dropping significantly, CoreLogic’s National Foreclosure Report revealed. Total

Major Changes Coming to Consumer Credit Ratings

The manner in which the major credit-rating agencies judge consumer credit will change in a big way. The three major credit-rating agencies will be overhauling their methods for addressing both credit disputes and medical bills, according to a new

CAR Lawsuit Against Chicago Realtor Geller Discontinued

It’s over. The Chicago Association of Realtors, Ginger Downs (the CEO of CAR) and agent Andrea Geller announced last night that on the eve of the trial date, the association’s defamation lawsuit against Geller in September 2012 has been discontinued. In a

Elevate Energy and MRED Introduce Chicago Energy eCompliance Brokerage Challenge

The City of Chicago and Elevate Energy are partnering with Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), to bring the city the first-ever Chicago Energy eCompliance Brokerage Challenge. The Challenge will recognize brokerages in Chicago that

Zillow Calls Out Chicago as a “Sour Spot”

Zillow compares employment and income growth to determine the best markets to be in right now. How did our city do? The nuances discerning a good economy from a bad one are plenty and complicated, but for a brief

Chicago Finishes 2014 Strong; Growth Should Moderate in 2015

Metrostudy’s Q4 2014 survey of the 12-county Chicagoland region shows that including single-family detached homes, townhomes and duplex units, there were a total of 5,708 new units started in the 12-month period ending with Q4 2014, an increase of

How Oil Price Drops Could Impact Housing Construction

Tumbling oil prices have led Moody’s Investors Service to lower its pricing assumptions for the two benchmark crude oils, European Brent and West Texas Intermediate, the rating agency said in recent comments that also looked at how a sustained

5 Must-Know Details About the Latest Jobs Report

There were several aspects of the new jobs report that real estate agents should be aware of. The government released its latest jobs report earlier today, and as with past reports, there was a subtle mixture of highly positive and slightly

Chicago’s Top-Selling Neighborhoods

Where, in our vast urban housing landscape, did agents sell the most homes? Earlier this week, we reported on the top-selling suburbs across Chicagoland, and now we’re back (armed with additional data from Redfin) to report on the city’s

When it Comes to Homes, Bigger is Definitely Better in America

Americans love big houses, and that’s true across generational and economic lines. Only 40 percent of Americans are living in their ideal home size, and 43 percent wish they were living in a home that is somewhat or significantly larger.

Kinzie Real Estate Group Welcomes Andrew Kiener as Director of Project Sales

Steve Spinell, president of Kinzie Real Estate Group, recently welcomed Andrew Kiener as the new director of project sales. A 20-year real estate veteran, Kiener previously served as president of Private Holding Group, as well as president of Garrison

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