News / Features

This Week in Real Estate: Data Clashes, Confidence Men, and Inventories

A quick rundown of stats from our real estate news for the week of Oct. 17 – Oct. 21, by the numbers: 13.3 – the percentage that home sales in the nine-county Chicagoland area increased in September from last year.

Pam Tilton Named President of Brokerage Operations and Managing Broker of the Lincoln Park office of Jameson Sotheby’s

Pamela Tilton was named president of brokerage operations and managing broker of the Lincoln Park office of Jameson Sotheby’s International

2011 Agents’ Choice Awards Nominees

The results are in! After weeks of voting and hundreds upon hundreds of votes cast, we have our nominees for the 2011 Agents’ Choice Awards. Stay tuned for our Nov. 7 Agents’ Choice issue, where we will announce the

Chicago Burbs Post Beefy September Home Sales

Detached single-family homes sales in suburban Chicago rose more than 20 percent (and attached 30 percent) in the third quarter of 2011 compared to the same period a year ago, according to statistics released by the Mainstreet Organization of

Foreclosure Attorney Shakeup to Occur for GSEs

The Federal Housing Finance Agency (FHFA), the government body that oversees federal lenders Fannie Mae and Freddie Mac, has ordered the two financial bodies to phase out their network of foreclosure attorneys in the wake of the robo-signing foreclosure

John Hughes’ Lake Forest House on the Market for $5.89 Million

First it was Cameron’s house from Ferris Bueller’s Day Off, then the Home Alone house in Winnetka. Now, you can own the home of the man responsible for both films; beloved Chicago filmmaker John Hughes’ former Lake Forest house

Wayne Kouf to Manage @properties Gold Coast/Streeterville Office

@properties has a new vice president of brokerage services: veteran Chicago real estate broker, Wayne Kouf. Kouf will be working out of the Gold Coast/Streeterville

Fred Matvias Named Fifth Third Mortgage’s New Mortgage Loan Officer

Fifth Third bank announced that Fred Matvias is now a mortgage loan officer for Fifth Third

Prey’s Anatomy: Perspectives on the Mortgage Interest Tax Deduction

Who knew something so popular could receive such scorn? Since mid-September, when the mortgage interest tax deduction (MID) was floated as a possible casualty of the Congressional “Super Committee” charged with lowering the federal deficit, the famous deduction has

Monthly Existing-Home Sales Falter, but Retain Yearly Gains

After increasing almost 8 percent in August, existing-home sales fell back to earth in September, decreasing 3 percent from August but retaining strong year-over-year gains, according to new data released by the National Association of Realtors (NAR) today. Total sales

Clash of Sales and Prices Continues for Chicago and Illinois

Year-over-year home sales for both Chicago and Illinois rose in September, continuing a familiar scenario – impressive sales clashing with negative pricing data. According to data provided by the Illinois Association of Realtors (IAR), city of Chicago sales last month were

Renting and Homeownership at Odds in Freddie Housing Report

Freddie Mac Chief Economist Frank Nothaft released the October 2011 Economic Outlook yesterday, reporting a decrease in homeownership but increase in rental demand. On one hand, Nothaft reported an increase of 1.4 million households that have moved to rental

Fed Approves New Resolution Plans, But is it Enough?

The Federal Reserve approved a new policy on Monday that aims to clarify how larger financial institutions would handle another systemic shock to the banking sector, though some critics still say the new policy falls short. The plan, which

Managing Broker Survey
Sandesh Bilgi Joins Conlon Sales Team

Sandesh Bilgi, an experienced motivational speaker and leader of real estate sales teams, has become the newest addition to the Conlon staff. His top-producing sales history is expected to mesh nicely with Conlon practices and

Housing Starts Jump 15 Percent in September

The U.S. Census Bureau and the Department of Housing and Urban Development announced new data for construction earlier today, the most notable being that housing starts rose 15 percent from August to September. In total, privately-owned housing starts were

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