News / Features

Homeowners Can Avoid Foreclosure With Help From Fannie Mae

Fannie Mae, in partnership with NBC, has introduced the Know Your Options Awareness Campaign, a foreclosure awareness and prevention program, to Chicago. In the hopes of assisting as many homeowners as possible, Fannie Mae volunteers will be operating a

Baird & Warner Managing Broker Becomes Full-Time Writer

Scott Gill, former full-time managing broker for Baird & Warner’s Winnetka branch and part-time author, has decided to switch up his priorities. On Monday, Steve Baird, CEO, announced that Gill is putting real estate on hold to pursue a

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Banks Spared Toughest Regulations in New Ordinance

The Chicago City Council signed a new ordinance amendment into law Monday that increases upkeep requirements on bank-owned vacant properties, though housing advocates feel the measure did not go far enough. Originally passed in July with the support of

Builder Confidence Posts Highest Monthly Gain in 19 Months

The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) rose to 18, an increase of four points from September to October, the highest monthly gain in 19 months. According to the National Association of Home Builders (NAHB),

Elysian Private Residences Sold Out Thanks to @properties

After a two-year span of diminishing sales, Elysian Private Residences, the Gold Coast ultra-luxury condominium development at 11 E. Walton St., has sold out all 51

Could HUD Programs Be The Next Budgetary Cut?

Budget reductions are a hot topic in Washington right now, and if two bills from the House and Senate are any indication, funds for the Department of Housing and Urban Development (HUD) could be in danger. HUD funds are

RE/MAX Applauds Outstanding Agents

RE/MAX Premier Properties of Chicago’s Gold Coast has recently taken the time to recognize the excellence of two agents for their accomplishments during the month of September: Bill Trammell and Maria

Lagging Supply Threatens Ultimate Buyer’s Market

Housing inventories, according to data from the National Association of Realtors’ Realtor.com, are down 20 percent from last year to 2.19 million. That’s the lowest level since the site began tracking inventories in 2007, and it poses a unique challenge

Sideways Growth the Projection for Thursday’s Sales Data

The National Association of Realtors (NAR) will release its existing home sales data on Thursday, and housing guru Tom Lawler is predicting a continuation of the sideways growth that has defined home sales for the last four months. Posted

Optimism Drives Banks’ Purchase of West Chicago RE/MAX

Cindy and Tony Banks, a husband-and-wife team that has worked in real estate for 26 years, are confident about the metro Chicago real estate market; so confident, in fact, that they just purchased RE/MAX Cornerstone, a brokerage located at

This Week in Real Estate: Lakeview Sales, Census Bureau Findings and ZIPping Through Chi-Town

A quick rundown of stats from our real estate news from the week of Oct. 10 – Oct. 14, by the numbers: 35.7 – the percentage that third quarter home sales increased in Lakeview from 2010. Rosie O’Donnell is not

Children of the ’50s a Boom to Real Estate

If only all potential homebuyers operated like the baby boomer generation – then business really would be booming! According to a national survey conducted by Coldwell Banker of more than 1300 of its agents, 87 percent of the agents

Evanston Landlords Livid Over Property ‘Blacklisting’

Landlords in the Evanston area are fuming over their inclusion on a recently-released list of 52 rental properties with safety violations, a move they are alleging amounts to a public “blacklisting” of them and their businesses. “The city has

Keeping it in the Family with Multigenerational Housing

With home prices falling, and financing and appraisals in a precarious position, the renting market is often mentioned as a rising form of real estate. New data out of the Pew Research Center, though, highlights a remarkable upward trend

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