News / Features

Housing Advocates Step Up Lobbying for Loan Limits

The National Association of Realtors (NAR), Mortgage Bankers Association and the National Association of Home Builders have stepped up their lobbying efforts to Congress in recent weeks to fight the planned expiration of the federal loan limit size increase

Bankers Ask Govt. to Pull Funds Out of HUD Mud

Representatives from both the Mortgage Bankers Association (MBA) and the Department of Housing and Urban Development (HUD) are asking the government to renew an $88 million fund for HUD non-profit counseling that was cut in recent budget negotiations. “This

New Homes Sales Better than Predicted

Newly-released data from the Census Bureau shows that though new home sales continued their sideways trend, declines were slight and above both analyst predictions and year-over-year sales. August 2011 sales were at 295,000, a 2.3 percent decline from July

Rosie Ready to Rock Chicago, Buys Wrigleyville Property

Chicago real estate was abuzz when rumors swirled that Rosie O’Donnell was scouting properties in the Lakeview area, and now it appears that those rumors have been

38 Percent of Listings in the MLS Have Only One Photo

This is an interesting yet shocking statistic: LeapRE found that a whopping 38 percent of listings in the MLS only have one photo that show the property. Yes, 38 percent – not quite almost half of all listings –

This Week in Real Estate: Mergers, Día de los Muertos, MIT Housing, and Wrigley Movie Viewing

Consumption was big in This Week In Real Estate, as we saw stories involving a merger of two local Realtor associations, better-than-expected home sales and the first movie showing in

Analysts Shill Predictions for Tuesday’s Case Report

Predictions from analysts and fellow indexes alike point to a positive showing on Tuesday from the Case-Shiller, the influential report from Standard & Poor’s that charts housing prices, though long-term analysis remains complicated. MacroMarkets, a financial tech company based

Nonprofits the Absent Component in REO Sales

According to a noted nonprofit in Berkeley, Calif., nonprofits should not only play a key role in any government plan for REOS, but should also ensure that REOs effectively help the entire community. The government’s catalog of REOs is

Barb Pepoon Joins Northbrook’s Coldwell Banker Residential Brokerage

Barb Pepoon joined the team of sales associates at Coldwell Banker Residential Brokerage

Are Local Banks the Answer?

Local banks, the small-scale, community-based financial institutions that seemingly avoided the financial crisis, could be the answer to the current housing blues, according to National Association of Realtors President Ron Phipps – though there may be some caveats that

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Fed Invites Housing to Do the “Twist”

The Federal Reserve announced yesterday that it will begin a new round of stimulus to jumpstart the U.S. economy, with housing and refinancing being two main beneficiaries of the stimulus’ goal. The Fed’s plan, officially called “Operation Twist,” is

Lenders E-xpectant for E-Mortgages

A new survey by Xerox on real estate and technology yielded interesting data about the industry, particularly for the e-mortgage market. Sixty-three percent of the lenders surveyed by Xerox used paperless mortgage software in 2011, an increase of 14

Prudential Makes Big Purchase in Lincoln Park

Prudential Real Estate Investors LLC has been looking into the purchase of SoNo East, an apartment building located in Lincoln Park. While the construction of the tower has not yet been completed, Prudential is hoping to take possession in

North American Real Estate Conference in Chicago Today

Today’s the day for the North American Real Estate Conference, an annual event that allows real estate professionals from all backgrounds and specialties to interact and learn about the

Foundational Data Signals Future Positives for Construction

Two construction-related statistics – building permits and the architecture billings index – made gains in August, a positive indication that the more foundational elements of construction may be improving. Building permits were up by almost 20 thousand from July,

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