News / Features
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
Sudler International Realty has joined with WREA as Weichert, Realtors – Sudler International, according to president/CEO and sole broker/owner of Sudler International, Sergio
“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
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
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’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
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
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
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
Related Midwest officially closed on the Waterview Tower project yesterday, the Wacker Drive building that has been unfinished since
Everyone has a different outlook on the housing market, but where you get your information from can also alter your opinion for better or worse. The truth is, nobody is entirely sure what will happen to home sales or
According to the most recent Case-Shiller indices, Chicago experienced a 1.7 percent (non-seasonally adjusted) monthly increase from April to an index of 112.01 in May, but a -8.1 percent drop since last May, following a 0.4 percent drop from
The owner of the Old Post Office recently announced the ambitious plans for a massive reconstruction of the property. Included in the plans is a tower that, if built, would be the tallest building in North
In an effort to predict the demands for building within the current housing market, Builder Magazine installed the PRIZM model, a tool that is made up of 66 segments typically used to describe “demographic, psychographic, and behavioral similarities in
The Illinois Association of Realtors (IAR) identified the cause of its inconsistent price calculations previously reported, and published a new report of Chicago’s median
A recent comparison by Agent Genius showed that while many criticize Google and Facebook’s annual lobbying costs, those for NAR and NAHB are within the same