News / Features

Freddie Mac Chief Economist Joins Discussion of Recovery-Placing Optimistic Bets

When will the economy recover? Answers have fallen in the 2011 to 2014 range, depending who you talk to. Housing Wire spoke with Freddie Mac Chief Economist Frank Nothaft, who optimistically anticipates that a better economy is right around

Mortgage Lenders Deny 23.5 Percent More Loans in 2010

In 2010, the nation’s 10 largest mortgage lenders denied 26.8 percent of loan applications, up an additional 23.5 percent from the amount denied in 2009, said the Wall Street

Construction Noise Too Much for Talbott Hotel

The owners of the Talbott Hotel in Gold Coast are suing the adjacent condominium tower for losses caused by the condo’s

Corgan Drops Asking Price on Chicago Condo

Billy Corgan, the lead singer and songwriter for the Smashing Pumpkins, really wants to sell his Chicago condominium. The singer dropped the asking price for his vintage Gold Coast condo, located in the Patterson-McCormick Mansion, 1500 N. Astor Place,

RE/MAX Northern Illinois Sets Virtual Stage for Mobile Websites

RE/MAX Northern Illinois recently added videos and virtual tours to its mobile website, m.illinoisproperty.com. It is one of the first real estate brokerages to use these two features on a mobile

Monthly Data Expected to Track Increase in Pending Sales, but Nearby Recovery Still Unlikely

On Wednesday, NAR will report on pending home sales for May; data from housing economist, Thomas Lawler, shows that the increase in pending sales for May will probably create a double-digit gain from April, said the Wall Street Journal.

New RE/MAX Office to Open in Chicago’s Gold Coast

Janice Corley and Cynthia Bauer have partnered to open RE/MAX Premier Properties in Chicago’s Gold Coast neighborhood. The pair are former Sotheby’s and RE/MAX affiliates; they are returning to RE/MAX to open a new office as

NAHB Poll Finds Hopeful Statistics – Many Still Value Owning a Home

A recent poll from NAHB has proved that, according to the 2,000 likely voters who were polled, one thing remains consistent in the housing market: owning a home is still

New Home Sales Fall for the First Time in Three Months

Fewer people bought new homes last month. New-home sales fell 2.1 percent in May to a seasonally adjusted annual rate of 319,000 homes, the Commerce Department said. That’s far below the 700,000 homes per year that economists say must

These Homes are Anything but Ordinary

For Chicago Agent’s Who’s Who issue, which came out June 6, a big part of creating the issue is finding uniquely beautiful spaces as a setting for the participants’ photos. Millie Rosenbloom, a consistent top producer for Baird &

Baird & Warner Announces Acquisition of F.C. Pilgrim & Co.

Baird & Warner has just announced that it has acquired F.C. Pilgrim & Co. of Oak Park. Each company has been around since the 1800s and each boasts a reputation of consumer confidence and “a historic commitment to diversity

Elmhurst Agent Wins EcoBroker Community Service Award

Laura Stukel of KW Reedy Real Estate in Elmhurst is one of eight recipients of the EcoBroker Community Service

CoreLogic Shines Light on Shadow Inventory

All across the nation, people are affected by foreclosures. Now, with foreclosures declining, the number of bank-owned houses is,

Anticipated Impact of QRM Proposal Increasingly Glum

The proposal of a 20 percent down payment under the Dodd Frank Act has been regarded as potentially detrimental, with many lawmakers worrying that first-time homebuyers will be locked out from buying a home; new information, presented at Capitol

Real Estate Cycle Expected to Push Buyers Toward Renting

As buyers hesitate to invest in a time when loans are hard to obtain and many homeowners are finding themselves underwater, rentals are becoming a desirable

Which Chicago Neighborhoods are Most Affected by Rental Foreclosures?

Earlier this month, the Lawyers’ Committee for Better Housing issued a study about the foreclosure situation in Chicago’s rental buildings. The study sheds light on how the foreclosures affect community members, and found that Chicago’s West and South sides

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