News / Features

How Many Properties are Marketed as Green Properties?

Several agents have said that buyers are interested in green homes and are becoming aware of the importance of energy efficient appliances. But how easy is it to search for energy efficient homes in the MLS? LeapRE found that

The Future of Green Building

                      By Logan Broyles It seems green building is all the rage these days. Everywhere you look there are new projects popping up, new sustainable technologies being designed, and

The Truth About the Chicago Condo Market

The error in the Illinois Association of Realtor’s (IAR) May 2011 data, and potentially years previous, has likely left many industry professionals wondering what data they can

Mortgage Rates Fall This Week: 30-year FRM Drops to 4.51 Percent

The 30-year fixed-rate mortgage (FRM) is down to 4.51 percent (with an average 0.7 point) this week and 15-year rates dropped to 3.65 percent (with an average 0.6 point), according to MarketWatch. While neither drop is incredibly drastic, it

Obama Administration Launches Strong Cities, Strong Communites Initiative

The Obama Administration started the Strong Cities, Strong Communities (SC2) initiative to strengthen local communities and their economies, as well as ensure that tax dollars are being used efficiently and wisely, the U.S. Housing and Urban Development Department (HUD)

Post-Bubble Homebuyers Tend to Overprice Homes

Zillow found that home sellers who bought their home after 2007’s housing bubble burst have a tendency to overprice their home by 14.1 percent more than those who bought a home during or before the bubble, said Agent

Canadian Luxury Sale Agent Disappearance Case Nearing Closure Months Later

Many are familiar with the case of the recent murder of Ashley Okland, the Des Moines, Iowa Realtor who was shot and killed at the open house she was showing. While the case (now active for three months) has

Construction Sector Proves Indestructable While Economy Requires Some Renovation

The job market for construction seems to be recovering; even as the entire economy experienced a 10 percent increase in layoffs, from May to June – to the highest level since August 2010 – construction hires and openings proved

Cook County Mediation Program Requesting $3.5 Million

Currently, 75,000 mortgage foreclosures are pending in Cook County, said the Chicago Tribune. In May, the county’s mediation program for foreclosures assisted 216 delinquent homeowners, preventing them from losing their properties to lenders, according to a report from the

Fannie Mae Survey Respondents Anticipate 3.9 Percent Increase in Home Rental Prices-Highest Recorded Expectation for Survey to Date

Fannie Mae released their monthly consumer attitudinal survey report, with results from June finding that Americans now expect a decline of 0.5 percent in home prices over the next year; this is slightly more optimistic than the beliefs measured

House Votes on Rules for Energy Efficient “Lightbulb Law”

A new law to be launched in 2012 is expected to take 100, 75, 60 and 40 watt incandescent bulbs out of manufacturing, hoping to promote energy efficient lightbulbs. According to Poynter, misconceptions of the law have led many

Obama Admits: Housing “Hasn’t Bottomed out as Quickly as we Expected”

The Obama administration is working to revive the housing market, following up on the administrations’ already active programs and modifications, which President Barack Obama said were “not enough, and so we’re going back to the drawing

New Offices Announced for Koenig and Strey Glenview, Lake Forest

Koenig and Strey unveiled plans for new offices in Glenview and Lake Forest. Koenig and Strey President and CEO Nancy Nagy announced that the brokerage will be moving to a new, customized location at 280 Deerpath Road in Lake

IAR Responds to Erroneous Median Prices and Home Sales

Today, the Illinois Association of Realtors (IAR) released a statement regarding the association’s erred Chicago median prices and home sales. The group admitted its data was incorrect yesterday, finding that their May statistics, as well as potentially years worth

Second Quarter Results for Wall Street Banks Expected to be Less Optimistic

After an optimistic first quarter, Wall Street banks are expected to report a drop of almost 25 percent in core trading revenue. JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley are all expected to report similar

Questionable Housing Statistics Dating Back to 2008 Under Review

The Illinois Association of Realtors previously claimed that the median price of condominiums sold in Chicago this May rose 10.3 percent; now with news that the median prices actually fell 23 percent year-over-year, the accuracy of data dating back

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