News / Features

How Many Properties Return from Cancellation?

Out of all the non-land, non-commercial properties listed for sale in MRED during 2011, how many are canceled, then relisted? The top chart shows that out of all the listings, 79 percent were never canceled or relisted, while 21

Housing an Aging Population Booming with Needs

A new study by The Center for Housing Policy takes a detailed look at America’s older population and the housing needs those aging baby boomers will require. From the start, the study makes it clear that the number of Americans

Do Shadow Inventories Cast Doubts on Growth?

The National Association of Realtors (NAR), spurred on by a better-than-expected early spring homebuying season, has modestly upgraded its economic projections for the next two years to better reflect the current economic climate – though as one analyst has

Kinney “Excited” For New Advocacy Role with Illinois Association of Realtors

Longtime Chicago Realtor Jim Kinney will be the Illinois Association of Realtor’s (IAR) treasurer in 2013, a role that will allow him full access to all the advocacy, education and outreach efforts of the association. Kinney, whose works as the vice

Weichert, Realtors-Kingsland Properties’ Karen Marposon is National Top Agent

  For the second consecutive year Karen Marposon, of Weichert, Realtors-Kingsland Properties in Naperville, has been named the top agent of all Weichert, Realtors offices in 36 states. The ‘Pinnacle Award’ is the highest honor given to associates by

Rising Rents Reinvigorate Homebuying Interest

The main thrust of housing’s spring selling season is just around the corner, and in 2012, homebuying may be helped from a most unlikely source – rental rates. In the post-boom housing economy, renting has ascended to its most

CoreLogic HPI Highlights Distressed Sale Impact

CoreLogic released the findings of its latest Home Price Index (HPI) yesterday, highlighting the profound impact of distressed sales on the U.S. housing market’s makeup. Excluding distressed sales, home values increased 0.7 percent from January to February and decreased

Principal Reduction Program Gets Treasured Endorsement

Back in January, the Treasury Department forcefully endorsed a potential principal reduction program from the FHFA, and the Wall Street Journal reports that the endorsement has placed newfound pressures on the agency’s director, Ed DeMarco, to act on the

Prudential Rubloff’s Survey Shows Homeownership Optimism

Michael Pierson and Chris Eigel, principals of the real estate firm Prudential Rubloff Properties, reported the results of the Prudential Real Estate national survey, which shows that Americans are significantly more optimistic about homeownership than they were a year

Mortgage Applications Reverse Trend, Increase

Mortgage applications reversed a six-week trend last week and rose 4.8 percent, with prospective homebuyers and refinancings driving the increase. In addition, the refinance index, which measures refinancing activity, increased by 4 percent, and the purchase index rose 7.2

NAR Celebrates Fair Housing Month by Raising Awareness

The National Association of Realtors (NAR) is raising awareness for fair housing to celebrate the 44th anniversary of  the Fair Housing Act, which was introduced in 1968. The Fair Housing Act prohibits discrimination based on race, color, national origin, religion,

Weichert, Realtors-McKee Remembers John C. Aiello

John C. Aiello, an agent with Weichert, Realtors-McKee, died friday March 30, at Lutheran General Hospital in Park Ridge after a long battle with

Chicago Brokerage to Charge Hourly Fee for Buyers

Not even two weeks after Koenig & Strey made headlines with its announcement that it would be charging mandatory retention fees for its buyers, another Chicago brokerage has announced a new fee-based system with its own unique

How Will Pent-Up Demand Affect Housing?

Pent-up demand is a term that has been thrown around quite a bit in housing debates lately, and last week, the NAHB threw its analytical hat in the ring. Often, the demand argument is presented as the second coming

Private Loan Modifications Decline in February

Loan modifications from the nation’s banks were down 20 percent from January to February, according to an analysis by the Hope Now alliance. In total, 44,500 home loans were modified in February, compared to 55,700 in January, and workouts

The Emotions of the Homebuying Decision

A new survey out from Coldwell Banker is reporting that a formidable number of homebuyers put more emphasis on the emotional appeal of a home than its technical details. According to a Real Estate Economy Watch overview of the

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