News / Features

Managing Brokers: Putting in Overtime

By Elizabeth SanFilippo A Real Estate Attorney as a Managing Broker When managing broker and real estate attorney Dan Macahon left RE/MAX a few months ago to start his own independent company, Lake Homes Unlimited, real estate agent Pat

U.S. Market Expected to See Forty Percent Increase in Hispanic Homebuyers

Nearly 40 percent of all first-time homebuyers in the US are expected to be Hispanic, with some of these potential homebuyers being “affluent Mexican nationals fleeing cartel violence,” said the Houston

According to Macroeconomist, Over Six Million New Properties Needed to Repair Industry

According to Housing Wire, what the industry really needs is 6.5 million new homes within the next five years in order “to clear the excess housing inventory” of about 2.5 million

MRED Enters Exclusive Agreement With CoreLogic

Midwest Real Estate Data (MRED) and CoreLogic announced on June 16 that the two companies entered into an exclusive agreement to participate in CoreLogic’s Partner InfoNet analytics program. MRED, a regional MLS representing 13 Realtor associations and nearly 40,000

Stein and Shipka, Developers of Walton on the Park, Face Battles Over Earnest Money

Luxury Gold Coast condominium project developers, Ronald Shipka Sr. and Richard Stein, recently handed over the reins of their Walton on the Park project (located at One West Walton Street) to Dart Container Corp., but they are not handing

One Superior Place Under New Management

Riverstone Residential Group has acquired management of One Superior Place, a high-rise property in the River North area of downtown

Foreclosure Filings Decreasing, But Inventory Still a Burden

Foreclosure filings, auctions and repossessions of 214,927 properties displays a 2 percent decrease from April, and a 33 percent drop from May 2010, according to

Housing Market Index Drops Three Points in June

June’s home builder index dropped to a nine-month low, with a monthly Housing Market Index (HMI) drop of three points, resulting in a 13, MarketWatch

MLS Provider FBS Adapts to Policy Changes of IDX Listings

Flex MLS by FBS will now make modifications in order to support MLS customers, in response to the “opt-in” IDX policy established at NAR’s Midyear Conferences in May. According to Agent Genius, FBS is the first major MLS provider

Bank of America- Short Sales and REO Outlook

Bank of America recently announced that throughout the last 18 months, more short sales than REO properties have been completed; for example, in May, they completed approximately 9,000 short sales in comparison to 7,000 REO, said Housing

Home Listing Report Shows Lake Forest as Most Expensive Market

Coldwell Banker Real Estate LLC released their Home Listing Report (HLR) on June 15. The snapshot survey is of listing prices for four-bedroom, two-bathroom houses in more than 2,300 North American

Historic Six North Michigan Wins Good Neighbor Award

Six North Michigan won a 2011 Good Neighbor Award from the Chicago Association of

Prices and Transactions Rising on a Monthly Basis

May brought some good news for the housing industry, with RE/MAX’s May housing report finding a 3.3 percent increase from April’s numbers, in closed transactions and a 3.7 percent price increase, according to Housing

HUD Awards Nearly $1.5 Million in Grants to Illinois Counties

The U.S. Department of Housing and Urban Development (HUD) awarded nearly $1.5 million to Greene County ($130,573), Henry County ($176,493), Knox County ($240,000), Peoria ($240,000), Rock Island ($225,000) and Rockford ($480,000) Housing

Study Finds 71 Percent of Voters Support Mortgage Interest Deduction

A new study from National Association of Home Builders found that approximately 71 percent of the 2,000 voters supported the mortgage interest deduction, according to National Mortgage

“Home Alone” House Reduces Price

The Winnetka house where Home Alone was filmed has been on the market for about a month, recently dropping their price to $2,175 million, according to

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