News / Features

How Does Illinois’ Foreclosure Timeline Stack Up?

If the housing downturn has accomplished anything, it’s given us a new perspective on data. Formerly obscure sets of data, from the Case-Shiller Home Price Indices to the monthly delinquency reports from CoreLogic, are now pivotal cues to the housing

Mortgage Deduction and the Fiscal Cliff

It’s official: it appears the mortgage interest deduction is now in play when it comes to the fiscal cliff debate. President Barack Obama signaled that the interest deduction may go away unless Republicans agree to increase taxes on higher

Ask A Lender: Joe Caltabiano, Guaranteed Rate

Q. Where Do You See the Housing Market Going in 2013? A. I am very bullish on the housing market. I think we are amidst a full real estate recovery. There is a shortage of good properties for sale, historic low

Consumer Optimism on Homeownership Rising

According to the Trulia American Dream survey, consumer optimism about homeownership is improving, with one in four consumers feeling more positive about homeownership than they did six months ago, and one in three renters planning to buy a home

American Enterprise Once Again Calls FHA’s Finances Into Question

By Peter Ricci The American Enterprise Institute strikes again! After being one of the first major research firms to call the Federal Housing Administration’s (FHA) finances into question, the Institute has published another analysis of the FHA’s books, and

PulteGroup/Lennar Find Revenue Stream From Unlikely Source

By Peter Ricci Some of the nation’s top homebuilders, including PulteGroup and Lennar Corp., are finding a substantial revenue stream from an unlikely source – mortgage lending. Both builders, reports Bloomberg, have seen sizable returns from their in-house mortgage

2930 North Sheridan Co-op Bonus

New Prices, New Seller, Same Great Location! Ideally situated at the southeast corner of Chicago’s Lake View neighborhood, just north of Lincoln Park, is 2930 North Sheridan Road. The building features one and two bedroom, tastefully remodeled residences along

Could Mortgage Interest Rates Fall Even Further in 2013?

The precipitous decline of mortgage interest rates has been one of the major stories in real estate in 2012, but recent actions by the Federal Reserve has some thinking that rates could fall even further in

CAR Donates $25,000 To Hurricane Sandy Relief

The Chicago Association of Realtors (CAR) Board of Directors approved an additional $15,000 contribution to the Realtors Relief Foundation in the wake of Hurricane Sandy. This brings the association’s total contribution up to

3 Things Syndication Sites Won’t Tell Your Client

By Peter Ricci NAR’s 2012 Profile of Home Buyers and Sellers taught us many things, but perhaps the most notable was the continuing domination of the Internet in the home searching process. Ninety percent of homebuyers, we found, now use

The Sheer Anarchy of Real Estate in Cuba

In the last few years, there have been some big changes in Cuba. Fidel Castro is no longer in power, having passed the baton to his young brother Raul; citizens are allowed to purchase cell phones; and now, a

Trulia American Dream Survey Confronts ‘Renter Nation’ Meme

In its latest American Dream Survey, real estate website Trulia found that 93 percent of millennials who rent plan to purchase a home some day, and 72 percent of the entire demographic consider homeownership to be part of their American

Should You List Your Client’s Property During the Holidays?

The holiday season is often a strange one for real estate agents, many of whom are winding down their business for the year, closing up any loose ends from the summer homebuying season, or, for the more prescient among

CAR CEO Ginger Downs Inducted into RPAC Hall of Fame

Virginia “Ginger” Downs, the CEO of the Chicago Association of Realtors (C.A.R.) will be inducted into the National Association of Realtors’ Realtor Political Action Committee Hall of Fame for her lifelong investment of $25,000 in RPAC, the Realtors Political Action

Timothy Branigan Joins Orland Park Branch of Keller Williams

The Orland Park branch of Keller Williams Preferred Realty is proud to announce the addition of Timothy Branigan. He will be joining the team as an independent contracted

Smartphone Real Estate: Prepping Your Listings for the Mobile World

By Peter Ricci According to Nielsen, the majority of cell phone users now utilize smartphones, and Pew Research has found that 22 percent of adults use tablets. Clearly, as consumers, we’re becoming more and more mobile, and we’re spontaneously crafting

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