News / Features

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

Real Estate Executive Wins NHL Award for Outstanding Service to Hockey

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

RentJuice Keeps Chicago Renters Informed

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

Are Short Sales the Remedy for Home Values?

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

Loretta Alonzo Installed as IAR’s 2012 President

Realtor Loretta Alonzo of Romeoville is the new 2012 president of the Illinois Association of Realtors

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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