News / Features

3 Reasons the Luxe Life is Here

The Trump International Hotel & Tower in Chicago made a big splash last week when it listed one of the most expensive slices of real estate in the city’s history – an 89th-floor, 14,260 square-foot, $32-million penthouse. Trump Tower, though,

Which Brokerage Recruited The Most Agents?

With mergers and acquisitions among brokerages on the rise, several brokerages have increased their personnel, but still, brokerages with good recruitment are always increasing

U.S. Home Prices Rise Modestly in the First Quarter

By Tara Steele According to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price index (HPI), home prices rose modestly in the first quarter of 2012, up 0.6 percent from the fourth quarter, and up 0.5 percent

CoreLogic Sues Redfin Over Home Price Tool

By AGBeat Recently, Redfin launched a new tool to educate homeowners on the pricing process, but the company has now been sued by CoreLogic for violating its automated valuation model patent filed 20 years ago. Launched just over two

Eight Reasons Housing is Recovering

By Peter Ricci It’s no mystery that housing has been on a bumpy path since 2007, but the past month, a wide range of data has come out all but endorsing a new housing recovery. From home sales, to

Chezi Rafaeli, Coldwell Banker, Lists the $32 Million Chicago Trump Tower Penthouse

Chezi Rafaeli, a luxury real estate agent from Coldwell Banker Residential Brokerage’s Gold Coast office, has listed a $32 million penthouse residence in the Trump International Hotel & Tower in Chicago. This listing goes on the record as one

Prudential Rubloff Properties Adds Ivas Couple to Sales Team

Principals of Prudential Rubloff Properties Michael Pierson and Chris Eigel announced the addition of Diana and Chuck Ivas to their sales team. The couple, who have consistently ranked in the “Top 20 Teams of Northern Illinois,” will bring their

5 Great Things Happening in the Construction Economy

Everything was sunny and fine for the U.S. construction industry in April, which continued its 2012 gains with strong showings for the month in the Census Bureau’s latest report. Altogether, construction spending rose 0.3 percent from March to April

App Review: Agents Can Take Trulia On The Go

Agents with a Trulia account can finally take the popular online real estate listing site on the go, as the company has created the Trulia for Agents app for iPhone and Android users. Though the app puts the site

53 Percent of Cook County Condo Transactions Paid in Cash

The subprime mortgage market collapse in 2007 heralded a new era of lending, one defined by caution and conservatism – and as a result, as housing demand continued to grow, mortgage supply dwindled. But as a new study by

Keller Williams Welcomes Ashley Carter

Keller Williams Preferred Realty recently welcomed Ashley Carter, formerly of Koenig & Strey Real Living. Carter brings 13 years of industry experience to Keller Williams Preferred Realty in Orland Park, which he chose because of its “agent-centric

What is Walmart’s Impact on Home Prices?

Walmart is many things to many people – discount chain, multinational corporation, grocery store, and, of course, arbiter of pollution, low-wage jobs and traffic. But a new study from a duo of economists has put a new, interesting perspective

159 Percent More Buyers Interested in Foreclosed Properties

A new survey by Realtor.com has found that prospective homebuyers are more interested in foreclosures than ever before – and in a major way. Since October 2009, homebuyer interest in foreclosures has risen by an incredible 159 percent, which

Wolf Point Project Towers at $1 Billion

Representatives from real estate firm, Hines, Kennedy Enterprises and Magellan Development Group unveiled a $1 billion project slated for the city’s Wolf Point area at a community meeting May 29. The three-phase project includes a residential building and two

Do Mortgages Come in Bulk at Costco, Too?

Costco, the popular warehouse club chain, is a great place for food, office supplies, clothing and…mortgages? Yes indeed – Costco has partnered with First Choice Bank and 10 other lenders to offer home purchasing and refinancing products through its

6 Causes For Optimism On Pending Home Sales

New pending home sales data from the National Association of Realtors is reporting a 14.4 percent increase from April 2011. The data, which is gleaned from the Pending Home Sales Index, was down monthly by 5.5 percent after three

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