News / Features

Van Eck Steps Up To New Role For @properties

By Carlo Calma Thaddeus Wong and Michael Golden, co-founders of Chicago real estate brokerage @properties, has named Kevin Van Eck to the role of director of agent development in a press release. Van Eck will step up to his

Zillow Announces New 5-point zPro for Brokers Program

Zillow took another step in its industry outreach efforts yesterday with the announcement of zPro for Brokers, a beta program that incentivizes brokerages to directly partner with the syndication site. Operating on a five-point program, zPro currently boasts 15

Refinance Activity Increases; Even Zuckerberg is In On It

  HousingWire reported today that refinance activity has hit a three-year high, and mortgage applications increased 2 percent from last week, the highest levels since April of 2009. When Facebook founder and one of the world’s wealthiest people, Mark

Pending Home Sales Rise Year-Over-Year For 14th Consecutive Month, MORe President-elect Michael Parent on ‘Communication Factor’

By Peter Ricci Pending home sales rose year-over-year for the 14th consecutive month in June, according to the latest Pending Home Sales Index from the National Association of Realtors. A forward-looking index based on contract signings, the Pending Home Sales

Realtor.com is Getting a Makeover, Starts Beta Testing

By Ian McKendry The official website of the National Association of Realtors, Realtors.com is undergoing a gradual makeover aimed at making the website easier to use and more aesthetically

New Residential Sales in June Rise 15.1 Percent, Show Healthy Inventory Levels

By Peter Ricci New residential single-family home sales were up 15.1 percent in June year-over-year, according to the latest data from the U.S. Census Bureau. The increase comes a week after existing-home sales rose 7.9 percent from the year

Baby Boomers and Students Represent New Real Estate Opportunities for Agents

By Peter Ricci Every week, it seems new analysts and business firms jump on the housing recovery bandwagon, calling the bottom for the embattled industry and looking forward to a brighter future. As housing moves forward, though, there are

RE/MAX Northern Illinois Sets Sight On Lake Forest

By Carlo Calma As part of its continued efforts to expand in the metropolitan Chicago real estate market, RE/MAX Northern Illinois has announced its intention of establishing a new franchise in Lake Forest according to a press release. The

Chicago Encourages Renting Foreclosures

If you can’t buy it, rent it. That might be an appropriate slogan for recent proposed ordinance in Chicago that aims to put renters in buildings going through foreclosure. Chicago aldermen are expected to introduce an ordinance today that

Rapper Common’s Chicago Condo Facing Foreclosure

By Stephanie Sims Did AMC’s Hell on Wheels not get picked up for another season? Because one of its stars, and successful rapper, Common, is facing foreclosure on his Chicago condo. Several reports, including one from Crain’s, say that

Zillow Calls the Housing Bottom in latest Real Estate Market Report

Zillow joined the fray of optimism that has swept over real estate analysis the past few weeks with its latest Real Estate Market Report, stating that not only did housing values bottom in February of this year, but they

Fading U.S. Housing Inventory Constrains Existing-Home Sales

By Peter Ricci As everyone has probably heard by now, existing-home sales were a bit tepid in June, falling 5.4 percent from May according to the latest data from the National Association of Realtors. The reason for the decline

Zeke Morris Begins CAR Presidency Ahead of Schedule

Zeke Morris has begun his presidency of the Chicago Association of Realtors (CAR) a couple months early, replacing former president Bob Floss with the support of the association’s board of directors. Morris, the operating principal and managing broker for

Warren Barr Sued by Guaranteed Rate for South Loop Mortgage Fraud

By Peter Ricci Chicago mortgage company Guaranteed Rate has filed a lawsuit against developer Warren Barr for a multi-million dollar mortgage fraud. The lawsuit, according to a Crain’s report, alleges that in late 2007, Barr and others responsible for

Movoto Real Estate Makes MLS Data Available In App Form For The iPhone

By Ian McKendry If you wanted access to MLS data on your iPhone, Movoto Real Estate has an app for that. Movoto is a licensed brokerage service with a high-tech website that lets users use different search criteria to

4 Ways to Market Your Properties to International Buyers

By Peter Ricci It’s no mystery to anyone that follows the U.S. real estate market that foreign buyers are a major force. In the last year alone, international residential sales were $82.5 billion, a 24 percent increase from the

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