News / Features

NAHB Aims to Highlight Housing Gains with New Index

The National Association of Home Builders (NAHB) launched the First American Improving Market Index (IMI) today to track metropolitan regions showing significant signs of growth. This comes as good news to a housing industry that has become accustomed to

President Non-specific on Housing in Address

In a much-touted speech on the economy last night, President Barack Obama largely skipped the topic of housing, opting instead to comment what many had predicted: that the White House was looking to revise its “Home Affordable Refinance Program” to

Multifamily Units Looking Increasingly Robust on NAHB Index

The Multifamily Production Index (MPI), a statistic compiled by the National Association of Home Builders (NAHB) that measures multifamily unit construction, increased for the fourth consecutive quarter, another sign that the multifamily market is

@properties Expands to Lake Forest

This fall, @properties is making plans to open a new office in Lake Forest, continuing their pattern of northern expansion. In addition, 12 new Realtors will join this office, who all came from one of @properties’ biggest

Freddie Mac Redefines History with New 30-Year FRM Rate

So much for history – after reaching 50-year lows on Aug. 18, the 30-year FRM from Freddie Mac has hit a new historical low, this time reaching 4.12

Will Obama Speak About Housing Tonight?

President Obama is scheduled to address the nation tonight on the economy, and the real estate industry is filled with anticipation – apprehension, even – on what the President will say about housing, if anything at

Realtor University Appoints Chairman of the Board

Realtor University, a new online institution offering a Master of Real Estate, has named Richard J. Rosenthal its first Chairman of the Board of

Hurricane Irene Reintroduces a Need for Flood Insurance

As Hurricane Irene works its way farther north, many East coast and Midwest residents can’t help but worry. Since homeowners are powerless to stop this natural disaster, the smartest thing they can do is insure themselves against the damages

David Bracy Appointed Managing Broker of Prudential Rubloff Hinsdale

Prudential Rubloff’s Hinsdale office has recently announced the appointment of David Bracy to the position of managing

Luxury Condos Rise Above Rent-Driven Market

In a market that has been increasingly defined by renting properties, two luxury condos in Lincoln Park and North Michigan Avenue are distinguishing themselves with their qualities – and price

With Online System, Property Tax Appeals Go Paperless

Cook County has just launched a new online system that allows owners of the 1.83 million real estate parcels in the area to appeal their tax bills electronically, an evolution that greatly simplifies the

Construction Adds 26,000 Jobs in 2011

After four years of negative job growth, the construction sector is experiencing positive gains in 2011, adding approximately 26,000 jobs to payrolls in 2011, according to new data from the Bureau of Labor

Uncle Sam Open to Ideas on Foreclosed Properties

The U.S. government is soliciting ideas on how to responsibly unload the 248,000 foreclosed properties currently in its possession, a total that represents almost a third of the nation’s foreclosed

Fannie Defaults at 4.08 Percent, Lowest Level in Two Years

Single-family mortgages by Fannie Mae that have been in default for more than 60 days fell to 4.08 percent in June and July, the lowest level in two

Fed Governor Urges Action on Housing

Federal Reserve Governor Elizabeth Duke called on Washington for aggressive action on housing, citing refinancing and property conversion as two possible

Appraisers Apprehensive about New Rules

New rules and regulations for appraisers of Fannie Mae and Freddie Mac properties have some in the industry fearing that the new steps will needlessly complicate the

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