News / Features

Construction Resumes for Related Midwest’s Waterview Tower

On the heels of our latest cover story on Related Midwest’s venture in re-launching three failed South Loop residential towers, Curbed Chicago is reporting that construction has resumed for their Waterview project on Clark and Wacker. Located on 111

Could Freddie Mac Repurchase Plan Yield the GSE $3.4 Billion?

By Peter Ricci A Freddie Mac repurchase plan, which would involve the GSE essentially forcing lenders to buy back toxic mortgages that it once guaranteed, could net the company as much as $3.4 billion, according to new analysis from the

Trulia Study – Owning in Chicago 50 Percent Cheaper than Renting

By Peter Ricci A new Trulia study of the nation’s 100 largest metropolitan markets has come to a staggering conclusions – owning is cheaper than renting in every major metro market in the U.S. by 45 percent, or, $771

MRED Begins the Season With a Win

Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service, announced that the new MREDLLC.com has been successfully launched and is enjoying a great reception from MRED real estate

Federal Reserve Commits to Quantitative Easing 3

By Peter Ricci Federal Open Market Committee, the Federal Reserve committee responsible for overseeing interest rates and money supply in the United States, made it official today – the Fed will be pursuing a new policy of economic stimulus,

Chicago Listed Among United Van Lines’ Top Moving Destinations

By Carlo Calma The city of Chicago is staying true to its title as the third largest U.S. city – it has been listed among America’s most popular cities to move to, according to United Van Lines. The St.

Zillow Sues Trulia Over Zestimates Patent

By Stephanie Sims Zillow sued Trulia yesterday, alleging that Trulia infringed on its patented technology that valuates properties. This patent, called “Zestimates,” is particularly known on Zillow launching “Trulia Estimates” for public

Debbie Maue Awarded for Realtors To The Rescue

By Natalie Terchek Debbie Maue, an agent with Jameson Sotheby’s International Realty, will receive a community service award tonight at the Chicago Association of Realtor’s Inaugural Gala. Maue is actively involved with several service organizations, but the award tonight

CoreLogic – Negative Equity Mortgages Declined in Second Quarter

By Peter Ricci Negative equity mortgages declined in the second quarter, falling from 11.4 million properties to 10.8 million, according to the latest data from CoreLogic. Additionally, 1.8 million borrowers are only 5 percent underwater on their mortgages, and

Prospect Mortgage Announces New Construction Financing Options

With the U.S. Census Bureau reporting an increase of more than 25 percent in new housing permits in the first half of 2012 (as compared to 2011), Prospect Mortgage has announced a new platform to finance new single-family homes

Senate Dems Give HARP Expansion Another Try

By Peter Ricci Two Democrats in the Senate have reintroduced an ambitious bill that would extend refinancing to more than 13 million borrowers through an expansion of the Home Affordable Refinance Program (HARP). The bill, which is being proposed

MRED Enhances Social Marketing for its Customers with Facebook App

Midwest Real Estate Data, the Chicagoland multiple listing service, has announced a new partnership that offers its real estate professionals a solution to connect with potential clients through

Do the Party Platforms for Democrats and Republicans Address Housing?

By Peter Ricci More than a month ago, we asked why housing, despite its overwhelming importance to the U.S. economy, was not coming up on the presidential campaign trail, and now that the conventions have come and gone –

Offers and Home Closings Decline, But Market Still Shows Steady Gains

Though home closings dropped in August, stats still show the market may be strengthening. Redfin conducted its Real-Time Demand Pulse, its monthly analysis of customers touring homes and offers being made in 18 markets across the U.S., and found

Baby Boomer Housing Needs – 3 Things to Consider

By Peter Ricci Baby boomer housing needs are a common topic here on Chicago Agent, and for good reason – a recent national survey by Coldwell Banker found that 87 percent of its agents reported having at least one baby

Battle Over Ritz-Carlton Residences Threaten Finished Product

By Stephanie Sims The Ritz-Carlton Residences are almost finished, but a legal battle could prevent residents from moving in. Chicago-based Prism Development Co., the developer of the 89-unit condominium tower, and Terra Foundation for American Art, which owns the

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