News / Features
Fifth Third bank announced that Fred Matvias is now a mortgage loan officer for Fifth Third
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
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
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
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
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
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
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
In an interesting twist for the real estate industry, Anthony Rossi, has been selected as this year’s recipient of the annual Lester Patrick Trophy, which is awarded annually by the National Hockey League. The award is given to individuals
According to the RentJuice’s Chicago Rent Index, four out of the five neighborhoods with the highest rent prices during the second quarter saw rent increases during the third
The past few months, media outlets have been awash with proposed remedies for falling home prices, but the latest solution comes from an unlikely source: short sales, home sales of distressed homes before they are repossessed and sold by
Realtor Loretta Alonzo of Romeoville is the new 2012 president of the Illinois Association of Realtors
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
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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