News / Features

Deal Reached Regarding Debt Ceiling; NAR, NAHB Comment

After weeks of debate over the debt ceiling, Sunday night the compromise deal was agreed upon and the emergency legislation passed in the Senate this morning, 74 to

Xplode Real Estate Technology Conference Coming to Chicago

The Xplode Conference has partnered with Chicago Association of Realtors to bring the powerful tech conference to the Chicago area on August 19. The conference will feature 25 speakers who will present on an array of topics varying from

Higher Mortgage Payments May Harm Recovery

The Dodd-Frank Wall Street Reform and Consumer Protection Act have paved the way for an increase in the required down payment for mortgages, however, many analysts and industry professionals are criticizing this

Do Higher-Priced Listings Deserve More Detail?

LeapRE looked at the length of descriptions for listings for properties closed in 2011 and the average sales price by bracket. What LeapRE found was a correlation between length of description and final sale price. In the MLS, the

What’s your favorite architectural style?

What's Your Favorite Architectural Style? What's Your Favorite Architectural Style? Pick your favorite architectural style Brownstone Bungalow Colonial Contemporary Prairie

John Poast Named Senior Vice President of Key Mortgage Services, Inc.

In June of 2011, John Poast moved to Key Mortgage Services, where he took on the role of senior vice

C.A.R. Golf Classic Raises $1,800

Chicago Association of Realtors raised $1,800 at this year’s Golf Classic. Members and other participants in the C.A.R. Annual Golf Classic raised funds by raffle contributors at the

Weichert Real Estate Affiliates (WREA) Announces New Franchise

Sudler International Realty has joined with WREA as Weichert, Realtors – Sudler International, according to president/CEO and sole broker/owner of Sudler International, Sergio

Chicago’s Median Home Price of $172,000 Still Unattainable for Many

“According to the Center for Housing Policy, metropolitan Chicago is the 72nd most expensive housing market in the nation, with a median home price of $172,000,” said the Chicago Tribune. In 2010, the median price was $203,000 and Chicago

New Chicago Ordinance Requires Lenders to Maintain Vacant Properties

Chicago’s City Council passed an ordinance which will “raise the liability of financial institutions who have an interest in a property,” including vacant properties in the process of foreclosure, said Housing Wire. Previously, these responsibilities and complaints would have

RE/MAX, Prudential and Century 21 Top Home Buyer/Seller Satisfaction Study

According to Agent Genius, seller satisfaction rose 4.9 percent with brokerages since 2010, but buyer satisfaction dropped slightly, as tracked by J.D. Power and Associates’ fourth annual Home Buyer/Seller

RealtyTrac Discovers Lower Foreclosure Activity in 84 Percent of Metro Areas

RealtyTrac’s Midyear 2011 Metropolitan Foreclosure Market Report studied 211 metropolitan areas, finding that foreclosure activity through June dropped on a year-over-year basis in 84 percent, or 178, of the areas. In addition, the report found that the top ten

PHSI Continues Steady Climb in Midwest and South, but Closings Still Dropping

This June, NAR’s Pending Home Sales Index rose 2.4 percent to 90.9 – an increase over last month as well as a 19.8 percent increase over June 2010, according to Calculated Risk. However, Fannie Mae is skeptical as to

Realtors’ Suggestions for Saving the Housing Market

The National Association of Realtors, along with everyone else, would like to save the housing market. According to the Chicago Tribune, these are their ideas for fixing the industry (which differ from ours): creating safe mortgage financing for qualified

Average Home Equity Down, Wealth Gap Widens

Home equity decreased across all racial groups in 2009: whites’ average home equity fell to $95,000; in 2005, a white’s home equity was $115,364 on average; blacks’ home equity fell to $59,000 in 2009, creating an equity loss of

Waterview Tower Project Officially Acquired by Related Midwest

Related Midwest officially closed on the Waterview Tower project yesterday, the Wacker Drive building that has been unfinished since

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