News / Features

Weichert Realtors and Chicago Real Estate School Co-Host Career Nights

The Chicago Real Estate School has joined forces with Weichert Realtors – Sudler International, to co-host a series of Career Opportunity Nights for its

New Plans for Vacant Sheraton Hotel in Arlington Heights

Arlington Heights village board members and staff are excited but will not yet show any commitment to proposed construction for the vacant Sheraton Chicago

NAR Study Latest in Affordable Housing Reports

The National Association of Realtors announced in a recent report that its Housing Affordability Index, the 41-year-old index that measures household purchasing power, was at its third highest level ever after the first quarter of

Freddie Mac: Fixed-rate Mortgages Dominated Refinancing

Freddie Mac released its Quarterly Product Transition Report today, and the report contained several findings on home refinancing, most notable that in the second quarter of 2011, fixed-rate loans accounted for about 95 percent of refinance

Housing Starts Down in July, But Improving, Says Reports

The Department of Commerce released data today on housing starts, showing a housing market  that, despite some low numbers, is showing signs of

New York Fed: Consumer Credit Improving

The Federal Reserve Bank of New York today released its latest report on consumer credit, stating that credit continues to improve in the wake of the 2008 economic

Regency Estates in St. Charles by K. Hovnanian Homes Schedules its Grand Opening: August 20 and 21

K. Hovnanian Homes will celebrate the grand opening of Regency Estates in St. Charles on Saturday, Aug. 20,

NAHB Attempts Positive Spin with New Index

In an effort to combat the frequently negative reports on the U.S. housing market, the National Association of Home Builders (NAHB) is crafting a new index that emphasizes growing and positive aspects of the

Prudential Rubloff Mobile App Available On All Phones

Prudential Rubloff now offers a mobile application that allows users to download the app to their phone and view homes for sale in the Chicago

Mid-Year Brokerage Check In: Who’s in the Top 10?

According to LeapRE, the top 10 brokerages in terms of business volume haven’t seen very many changes from 2010 to 2011 – but there have been a few shake-ups that occurred during the first six months of 2011. Koenig

How Have Agent Review Sites, Social Media and/or Real Estate Forums Impacted the Real Estate Industry?

Q: How have agent review sites, social media and/or real estate forums impacted the real estate industry? A: Whether as a mortgage banker or real estate consultant, our clients have always given “reviews” of our performance in the forms

New Construction Projects Show Signs of Housing Return

There appear to be signs of life in the West Loop, Hyde Park and even Cabrini Green. The Architects Newspaper reports that three new construction projects are hoping to break ground soon in all three

Chicago Developer Faces Foreclosure Suit

Developer William Senne faces a $6.4-million lawsuit over a business loan backed by 11 of his properties. First Midwest Bank N.A. filed a foreclosure lawsuit last month against a venture managed by Senne. First Midwest Bank N.A. is alleging

Morgan Stanley’s Thoughts on How to Fix the Housing Industry

America’s real estate market could be on an “unsustainable path,” faced with an oversupply of homes inaccessible to either renters or buyers. That’s what three Morgan Stanley analysts argue in a recent paper that outlines steps that can be

Chicago’s Colleges Could Make Consumers Invest in Real Estate

Fall and the back-to-school season is often characterized by parents and students getting last-minute school supplies, books and, for college-bound students, all the dorm necessities. However, this year, parents with college-age students may consider a different kind of bac-

Standard and Poor Downgrades Fannie Mae and Freddie Mac’s Credit Score

Standard and Poor’s Rating Services (S&P) recently downgraded Fannie Mae’s and Freddie Mac’s credit rating from AAA to AA+ because it’s linked to the long-term debt of the U.S. S&P previously downgraded the U.S.’s credit rating to AA+ as

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