News / Features

MRED’s Inventory of Homes Half That of Two Years Ago

Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service, announced that December 2012 figures indicate the volume of properties for sale on Dec. 31, 2012 was at about 50 percent of that for 2010, with the number of for-sale

CFPB Institutes New Rules For Appraisals, Loan Officer Compensation

The Consumer Financial Protection Bureau (CFPB) can be called many things, but lazy isn’t one of them. After announcing new standards for residential mortgages and regulations for mortgage servicers, the agency was back at it again late last week,

What Will Be the Impact of Cook County’s ‘Land Bank’?

In an effort to manage its overwhelming supply of vacant and abandoned properties, the Cook County Board of Commissioners unanimously passed an ordinance to create a “land bank” to manage and repurpose the properties. The largest such land bank

Early Spring for Winter Real Estate Market?

Is winter the new spring when it comes to real estate? Typically, homeowners don’t list their homes until warmer weather because historically, more homebuyers buy in the spring and summer. But that’s not always the case – we outlined

Home Price Increases Lift 1.4 Million Borrowers From Negative Equity

Riding the wave of increasing home prices, approximately 100,000 borrowers were lifted out of negative equity in the third quarter of 2012, according to the latest analysis of mortgages by CoreLogic. From January to September 2012, 1.4 million borrowers

The Built-for-Rent Market – a Temporary Phenomenon?

The surging residential rental market – and the uptick in multifamily construction that has accompanied it – has been one of, if not the biggest outcomes of the post-boom housing market, and according to recent data pulled from Census Bureau’s “Quarterly

Google Real Estate Part 4: Marketing with Internet Video

The Internet is a broad, multifaceted medium, one with many uses; however, its most impressive feature, arguably, is that of Internet video, and the way that Web users can stream video free-of-charge to millions upon millions of

CFPB Releases New Regulations for Mortgage Servicers

Just a week after releasing new standards for residential mortgages, the Consumer Financial Protection Bureau (CFPB) is at it again this week, releasing the first nationwide standards for mortgage

2012 Ends on Solid Footing in Redfin Real-Time Price Tracker

The U.S. housing market ended 2012 on solid footing in the Redfin Real-Time Price Tracker, with home prices, housing inventory and home sales all improving over 2011. A monthly measure of the housing market’s key fundamentals, the Real-Time Price Tracker tracks

Are Price Reductions Becoming More Infrequent?

Heavy price reductions were one of the ugliest side effects of the housing downturn, but a new study by Trulia suggest that price reductions may be happening with fewer frequency as the housing market

One Down, One to Go for Ritz-Carlton Residences Legal Disputes

A Cook County Circuit Court judge has sided with Prism Development, the Chicago-based developer behind the embattled Ritz-Carlton Residences on North Michigan Avenue, in a legal squabble with the Metropolitan Water Reclamation District of Greater Chicago that clears up

Housing Starts Soar in December to Highest Level Since 2008

Housing starts soared in December, climbing 12.1 percent from November and 36.9 percent from December 2011 to a seasonally adjusted annual rate of 954,000, according to the latest numbers from the U.S. Census Bureau and the Department of Housing and

Google Real Estate Part 3: Appealing to Mobile Users

The first two parts to our continuing series on “Google Real Estate” dealt with Internet search behaviors from consumers, and all the data we cited in those articles dealt with an increasingly antiquated assumption – that Web browsers cruise

Builder Confidence Holds Firm in January Housing Market Index

Builder confidence in the newly built, single-family homes market held firm in January, remaining at a level of 47 in the NAHB’s Housing Market Index, the industry’s leading measure of builder confidence. That’s the eighth consecutive month of gains for the

Mortgage Markets Show Improvement in 2012

The national foreclosure inventory declined by 10 percent from September to November and mortgage origination remains strong, according to the November Mortgage Monitor from Lender Processing Services

HUD, Cyndi Lauper Join Forces For America’s Homeless

Turns out, girls just wanna…count the homeless. The U.S. Department of Housing and Urban Development is partnering with ’80s pop icon and Grammy Award-winner Cyndi Lauper to determine the size and characteristics of the country’s homeless population in its

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