News / Features

Zillow Adds 1.2 Million Foreclosure Properties to Website

By Peter Ricci Real estate syndication site Zillow is making headlines with its decision to list 1.2 million “pre-market inventory” foreclosure properties on its site, a decision that is simultaneously satisfying the data needs of potential homebuyers and riling

Developer David Dubin Pays Back $15 million to PNC

David Dubin, developer and CEO of the Chicago-based Dubin Residential, has been ordered to pay more than $15 million to his lender after defaulting on loans tied to two planned projects on the South Side. Court records show that

3 Awesome Apps For Protecting Your Smartphone

By Peter Ricci Let’s face it – smartphones are more than mere mobile devices; rather, they’re precious, indispensable companions, ones that we use for our photography, scheduling, email, messaging and, of course, phone call needs, and in many cases exclusively. Therefore,

Architecture Billings Index Rises at Fastest Rate Since 2010

By Peter Ricci The Architecture Billings Index, a leading measure of growth in the commercial and multifamily sectors of real estate, grew at its fastest pace since 2010, rising from 50.2 in August to 51.6 in September. A measure

Fannie Mae Enhances Technology on HomePath Properties Transactions

By Natalie Terchek Fannie Mae (NFMA/OTC) released a statement announcing enhancements on it’s HomePath properties, making the REO sales process easier and more efficient. Starting this week, real estate professionals may access Fannie Mae offer documents online through their

MRED Prolongs Winning Streak with Rollout of MLS Data Co-op

Midwest Real Estate Data (MRED), Chicagoland’s MLS, has announced that the MLS Data Co-op, from CoreLogic, the provider of the Realist public records platform, has gone live with what will eventually become a major listing content

Pending Home Sales Index Rises 14.5 Percent in September

By Peter Ricci Just a day after the best new single-family home sales data in years, the National Association of Realtors is reporting another strong month for the Pending Home Sales Index, which rose 14.5 percent from September. From August to

NAHB Housing Construction Forecast Sunny for 2013 and Beyond

By Peter Ricci The latest housing construction forecast from the National Association of Home Builders (NAHB) is looking quite sunny, with both the single-family housing market and multifamily residencies expected to post strong numbers in the coming years. With

New Study Supports Positive Homeownership Effects on Kids

By Peter Ricci Earlier this year, the National Association of Realtors (NAR) received some criticism for an television advertisement on positive homeownership effects that connected homeownership with stronger communities, higher self-esteem and, perhaps most controversially, better test scores in

Homebuyers Survey: New Generation of Consumers Smart & Savvy

By Peter Ricci The next generation of potential homeowners are smart, savvy individuals with a unique understanding of both how homeownership works and the sacrifices it requires, according to a homebuyers survey by Better Homes and Gardens Real Estate

New Single-Family Home Sales Rise 27.1 Percent in September

By Peter Ricci New single-family home sales increased 27.1 percent year-over-year in September, according to the latest joint report from the U.S. Census Bureau and the Department of Housing and Urban Development. In addition, sales were up 5.7 percent from

What’s Going on With Falling Housing Inventory

By Peter Ricci For the most part, the September existing-home sales report from the National Association of Realtors (NAR) was positive. Sales were up by 11 percent from last year, median time on the market is down and distressed

Auburn Gresham Bungalow Neighborhood Joins National Register of Historic Places

By Carlo Calma Bungalow-style homes in Chicago’s Auburn Gresham neighborhood has been listed on the National Register of Historic Places, according to a press release issued by the Historic Chicago Bungalow Association (HCBA). The neighborhood has become the 10th

RealtyTrac ‘Housing Health’ Report Compares Markets of 2008 & 2012

By Peter Ricci As Barack Obama campaigns on his accomplishments of the past four years, a new report from RealtyTrac takes its own look at the president’s first term. Titled “Election 2012 Housing Health Check,” the report analyzes five key

What’s Behind the Housing Construction Turn Around?

By Peter Ricci Housing construction, as any observer of the real estate market knows, suffered mightily in the post-boom housing economy, as scores of vacant, newly-built properties languished in new construction ghost towns. Now, however, the situation is quite

Gang Presents Strategy to Save Prentice Women’s Hospital

By Carlo Calma At the heels of Ald. Brendan Reilly’s announcement this past week regarding his support of the demolition of the old Prentice Women’s Hospital, comes MacArthur Fellow and architect Jeanne Gang‘s strategy to save the defunct hospital. The

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