News / Features

License Reciprocity: Where Are Illinois Agents’ Licenses Valid Outside the State?

It’s an advantage to be able to do business in multiple states. Real estate brokers have clients outside the state all the time, whether for second home clients, clients looking to make a move permanently to Illinois, or clients

Joanna Weiss Joins Standard Bank & Trust

Standard Bank & Trust recently welcomed Joanna Weiss to their ever-expanding Northside mortgage division as a mortgage

Ask A Lender

Q: What are the differences between getting a loan for a second home vs. a primary residence? Are the interest rates higher? Are mortgages for second homes harder to qualify for? A: Interest rates are similar for primary residences

Top Chicago Suburbs/Neighborhoods by Total Transactions

Which Chicago neighborhoods and suburbs have the most transactions? LeapRE examined data from January through May of this year to find out which cities and neighborhoods had the most sales. Aurora saw 699 transactions in those five months, followed

Radar Logic Skeptical of Increased PHSI Becoming an Ongoing Trend

Radar Logic joins the group of economists doubting nearby recovery despite the positive forecast which the Pending Home Sales Index (PHSI) displayed this May, said Housing

Prices of Studio and Five-Bedroom Rentals Rise Dramatically

In April, Trulia said that it cheaper to buy a home than it was to rent a property in 39 of the 50 largest cities in the nation; regardless, this is paralleled with consumer desire to rent in the

Scott Dudlicek Joins Weichert, Realtors Sales Team

Weichert, Realtors – Kingsland Properties welcomes a new member to their team. Scott Dudlicek will be part of the sales team at Weichert, Realtor’s Naperville office, serving DuPage, Kane and Kendall

FDIC Remains Hopeful of Positive Changes in June

In 2006, the banking industry recorded their sixth-consecutive year of record earning, with 0.7 percent of loans filed as delinquent, and only 50 banks performing in an unsatisfactory manner, said Housing Wire. All in all, things were looking

NAR’s Chief Economist Declares Foreclosure Delays “a Nonsensical Situation”

Realtors have become increasingly fed up with the delays in the sale of foreclosed properties – an area of widespread concern for many homeowners and agents alike, said the Wall Street

HomeServices, Inc. Names New CEO For Koenig & Strey Real Living

Nancy Nagy has recently been named the President and CEO of Koenig & Strey Real Living. Nagy will oversee the daily operations of the company’s 21 offices and over 900 agents in her new role. In addition to her

Increased National PHSI in May- Midwest has Greatest Increase Since May 2010

Yesterday, the National Association of Realtors (NAR) said that there was an increase of 8.2 percent, for a “Pending Home Sales Index” (PHSI) of 88.8 in May, as anticipated by economists. Overall, all areas saw an increase from a

MRED Gains Access Across the Nation

Midwest Real Estate Data LLC (MRED) announced they will now take part in the CoreLogic MarketLinx MLS Data Co-op in order to gain access to listings across the nation and market their agent’s properties across the

Buying a Home Made Easier for Newlyweds

Bridal registries are common with couples who are about to be married. Now, just as couples can register at a department store or specialty store, they can also register with a lender for the FHA Bridal Registry Program. Newlyweds

Case-Shiller Data Shows Chicago Has New Index Low in April

S&P Case-Shiller data released yesterday demonstrates a monthly increase in home prices through April for the 10- and 20-city composites for the first time in eight months, but they are both at lower levels than the indices have seen

Weichert-First Chicago Offered Condo Buyers a Unique Incentive

Weichert Realtors-First Chicago offered a two-day promotion in May, offering a free Smart Car, as well as 10 percent off the purchase price on May 14 and 15 (the properties must be closed on by July 30) to anyone

Chicago Association of REALTORS Announces $30 Dues Decrease

The Chicago Association of Realtors (CAR) announced a $30 dues decrease for the 2011 to 2012 fiscal year and an increase in member benefits. This decrease is an answer to concerns expressed by CAR members about rising costs elsewhere

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