News / Features

Index Finds Homeowner Exuberance for Remodeling

The Residential Remodeling Index, which is compiled monthly by Austin, Tx.-based BuildFax, rose in July for the 21st straight month, an indication that homeowners are opting to renovate their current homes rather than buy new properties – and with

MRED’s “The Thing” Proves Successful

Midwest Real Estate Data (MRED) launched an interactive market analytics tool last week called “The Thing.” The Thing uses MRED’s property database to create charts about local housing trends that are tailored to the customer’s needs. With just a

Pros, Cons and Potential of Real Estate Site HouseFix.com

HouseFix.com, an online social networking community for homeowners and contractors, debuted recently to mixed reviews. The site offers peer recommendations for the home repair industry and launched at the TechCrunch Disrupt Battlefield (TCDB), a premier conference for startup companies.

NSBAR Awards Session to be Held September 22nd

This Thursday, September 22nd, the North Shore-Barrington Association of Realtors (NSBAR) will hold their annual awards session in honor of the new Board of

Existing Home Sales May Shine in August

Existing home sales in August are projected to increase 5.4 percent from July and 15.8 percent year-over-year, according to the most recent projections from Tom Lawler, a noted analyst of the housing market. Lawler said he based his estimates

Oct. 1 the Day of Defeat for Federal Loan Limits

Despite efforts by politicians and housing professionals, federal housing limits will likely decrease on Oct. 1, a development that could hamper homeownership in some markets. The limit to loans by Fannie Mae, Freddie Mac and the Federal Housing Authority

Mainstreet Merger Looks to Bring MORe to Real Estate

Mainstreet Organization of Realtors (MORe) and the Realtor Association of Northwest Chicagoland (RANWC) put the finishing touches on their merger last week, a consolidation that will result in the largest local Realtor association in Illinois and the fourth largest in

Declining Debts an Economic Delight for 12th Straight Quarter

Household debt declined for the 12th straight quarter, as a decrease in mortgages pushed total debt down by a seasonally-adjusted 0.6 percent and mortgage debt by 2.4 percent, according to data from the Federal Reserve. John Wasik, a columnist

Households Seeing Double in Descending Numbers

“Doubled-up” homes, or, homes that include at least one additional adult who is neither a student nor the homeowner’s spouse/partner, decreased by 0.4 percent in 2011, though the total number of doubled-up homes remains far above its 2007 totals.

NAR Recommends Modifying the Nation’s REO Speedwagon

The National Association of Realtors has responded to a request from the U.S. Department of Housing and Urban Development, the Federal Housing Finance Agency and the U.S. Department of the Treasury for input on recommendations for selling real estate

@properties Raises Funds for Non-Profits

Last month, the @properties Friends and Neighbors Community Fund (FNCF) held its second annual Chicago Revealed fundraiser. The proceeds went to local non-profit organizations Deborah’s Place and Barrel of

RentJuice’s Online Directory Promotes Networking Between Chicago’s Rental Professionals

RentJuice, the leading provider of rental relationship management for real estate brokerages and property managers, recently announced the launch of the RentJuice Directory, a free online directory specifically for Chicago’s rental

Coldwell Banker’s Newest Online Innovation: First-Time Buyers Resource Center

With the launch of Coldwell Banker’s First-Time Home Buyers Resource Center, agents can help clients find homes easier. The Resource Center includes videos, articles, and other tools to guide new buyers through the real estate search

Indian Summer Surge for Home Sales

August home sales defied seasonal trends and rose 18 percent from last year, according to new data from RE/MAX. Historically, June is the highest-selling summer month, but in 2011, both July and August exceeded June’s sales

Prudential Rubloff Announces Strong Lake County Market Share

Prudential Rubloff Properties has maintained a formidable presence in Chicagoland real estate, announcing today that the firm has retained a strong Lake County market share this year to date. BrokerMetrics, an analytical software tool from Terradatum, places Prudential Rubloff

This Week in Real Estate: Realtor Danger, Death of a Mortgage Deduction, and Rosie Moves to Lakeview

Danger and death played big in This Week In Real Estate, as we saw a flurry of activity on these stories: an in-depth study on the dangers faced by Realtors; the possible demise of the mortgage interest tax deduction;

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