News / Features

NAR: Low Valuations in Home Appraisals Still Causing Contract Woes

By Peter Ricci You gotta hand it to home appraisals – they are persistent buggers. Despite repeated coverage by the press and constant pressure by the National Association of Realtors (NAR), every month, an uncomfortable share of Realtors report

September Home Prices Up 5 Percent in Redfin Real-Time Price Tracker

By Natalie Terchek The latest Redfin Redfin Real-Time Price Tracker reports that national home prices increased 5 percent from a year ago in September, despite their typical seasonal decline, and decreased just under 1 percent from August. The results matched their

3 Hugely Important Housing Policies Being Debated by Congress

By Peter Ricci The presidential election cycle is massive – all-encompassing, even – and it has the nasty habit of overwhelming the daily news cycles and rendering all other news items obsolete. But of course, the United States does

Foreclosure Filings Lowest in 5 Years in RealtyTrac Market Report

Foreclosure filings in the month of September were down 7 percent from August and 16 percent from September 2011, according to the latest U.S. Foreclosure Market Report from RealtyTrac. All in all, the 180,427 foreclosure filings reported in the

Realogy IPO a Success, Shares Up 25 Percent in First Day’s Trading

By Peter Ricci Realogy shares have leapt 25 percent in the first day of trading after a hugely successful IPO for the real estate services company, according to market reports. This marks the second successful real estate IPO in

Chicago Lakeside Development Awarded For Sustainability Solutions

By Carlo Calma Chicago Lakeside Development has won the inaugural Sustainia Community Award for “Best Sustainable Solution” during a ceremony at Royal Theater in Copenhagen, Denmark Oct. 11, as announced in a company press release. The decision was made

Fannie Mae National Housing Survey Finds Consumers High on Housing

by Peter Ricci The latest National Housing Survey from Fannie Mae is finding consumer confidence on the housing market at an all-time high, bolstered by record-low mortgage rates and rising prices. A survey of 1,000 Americans, Fannie conducted the

Shadow Housing Inventory Down 10.2 Percent in New CoreLogic Report

by Peter Ricci Residential shadow housing inventory declined 10.2 percent year-over-year in July in CoreLogic’s latest survey of the market, as the housing market’s inventory levels continued to improve. Bearing no signs of the frightful predictions that many analysts

32 Chicago Agents Among NAHREP’s Top 250 Latino Real Estate Agents

Thirty-two agents in the Chicago metropolitan area were featured in the National Association of Hispanic Real Estate Professionals’ (NAHREP) first ever ranking of the top Latino real estate agents in the United States. For its list, which ranks the nation’s

Freddie Mac REO Inventory Down 30 Percent From 2010 Peak

By Peter Ricci The REO inventory for Freddie Mac is down 30 percent from its 2010 peak, according to new data from the GSE. Chris Bowden, the vice president of Freddie Mac’s HomeSteps unit, said at HousingWire’s REperform Summit

Mayor Rahm Emanuel Reveals Plan to Extend Chicago Riverwalk

By Natalie Terchek Mayor Rahm Emanuel proposed to lengthen the Chicago riverwalk by six blocks. According to Curbed, the new extension would run from State to under Lake Streets along the south branch of the Chicago

Oldenettel, Kinney Step Up to Executive Roles at IAR

By Carlo Calma Realtor Michael Oldenettel, managing broker of RE/MAX Results Plus, Inc., and Jim Kinney, vice president of Luxury Home Sales for Baird & Warner, has been installed as the 2013 president and treasurer, respectively, for the Illinois

Trulia Confronts ‘End of Suburbia’ Meme with New Study

By Peter Ricci One of the more common housing memes, as of late, has been the end of suburbia, that because of the housing boom, and all the rampant suburban speculation that drove it, prospective homebuyers are opting for

October Redfin Real-Time Demand Pulse Suggets Strong Fall Home Sales

By Peter Ricci We recently wrote that prospective home sellers should not count out the fall and winter months for their real estate needs, and based on the October Real-Time Demand Pulse from Redfin, it appears quite a few homeowners

39 Percent of Housing Investors Plan on Purchasing More Properties

By Peter Ricci Housing investors have been one of the more interesting outcomes of the post-boom real estate market, as they have snatched up the scores of highly inexpensive distressed properties that sit throughout the country – and according

What’s in a Word? With Real Estate Writing, Quite a Bit!

By Peter Ricci Real estate writing, as any successful agent can anecdotally support, can have a profound impact on how quickly a property sells and at what price, but a series of fascinating studies recently spotlighted by the Wall

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