News / Features

Elgin Full of Ideas for Vacant Properties

The Elgin City Council will decide tomorrow whether to export vacant property code enforcement to B&F Technical Services, a local company based in Hoffman Estates, in an effort to cut costs. Per a vacant home ordinance that was passed

Residential Delinquency Rates Decline in Second Quarter

According to data from the Mortgage Bankers Association (MBA), the major delinquency rates for multifamily units fell in four of the five major investor groups, which includes FDIC-insured banks, life insurance providers, Fannie Mae and Freddie Mac. The rates

Groundbreaking Plans Unveiled for New 500 Lake Shore Drive Building

Related Midwest, in partnership with the AFL-CIO Building Investment Trust (BIT), announced plans to develop the $157 million 500 Lake Shore Drive apartment building in Chicago’s Streeterville

Obama Housing Plan a Reanimator of HARP

According to analysts at Barclays, a global financial services provider, the new housing plans recently announced by President Obama amount to a revamp of the Home Affordable Refinance Program (HARP), not an all-out expansion. Fears over the President’s comments

Goodchild Homes Welcomes Two New Agents

Weichert, Realtors Goodchild Homes recently welcomed Martin Foster and Joanie Kohlstedt to its rapidly growing sales

Summertime the Right Time for Chicago Price Gains

Chicago fared extremely well in Clear Capital’s latest Home Data Index, a monthly report that analyzes housing data in the West, Midwest, Northeast and the South coming second in the nation for quarter-over-quarter price gains. Chicago’s gains were 13.6 percent, second

Average Time it Takes to Move Recently Built Inventory Per Neighborhood

Which neighborhoods are moving recently built inventory the fastest? To find out, LeapRE took the number of active listings in each neighborhood in Chicago and divided it by closed listings during the last year, looking only at properties built

Prudential Rubloff Keeps Housing Market Running

The housing market is on the decline; yet, not even a recession can keep Prudential Rubloff from success. Over the last year, the company’s market value increased by 10.5 percent, and has already increased by 5 percent year-to-date in

Top Stories for Sept. 5 – Sept. 9

New historically-low interest rates, positive builders indexes, and speculation and analysis of President Barack Obama’s housing policies were some of the top national stories this week on Chicago Agent magazine’s

Lawmakers Move to Maintain Federal Loan Ceiling

Federal loan limits are set to decline on Oct. 1, and New York Congressman Gary Ackerman, along with 36 other lawmakers, is lobbying to stop that from

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

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