News / Features

Economist Predicts Stability Within Two Years

David Stiff, chief economist of Fiserv–a Boston-based financial data firm anticipates Chicago will experience a price decline of 0.3 percent at the end of 2011, and a 3.4 percent increase at the end of 2012, with stabilization in sight,

Hardest Hit Fund Outreach Expands

Bank of America has provided $2.8 million to the Hardest Hit Fund toward mortgage payments, to 700 borrowers, according to Housing Wire. The fund, introduced in February 2010, supplies $7.6 billion in federal aid to struggling unemployed homeowners in

Aqua Tower Receives Second Prix Award

Aqua tower at Lakeshore East received its second Prix d’Excellence International Design Award from the International Real Estate Federation, making it one of only 13 buildings in the U.S. to achieve a Prix

Weichert Relocation Resources Inc. (WRRI) Survey Reveals More Focus on Talent Management

A new survey from WRRI, one of the world’s leading relocation and assignment management companies, revealed that corporations are making fewer changes to their relocation policies and placing more focus on talent

ActiveRain Suffers More Losses Following Washburn’s Departure

With the loss of co-founder and CEO Jon Washburn, ActiveRain, now under the command of Nikesh Parekh recently lost two more members who are now actively transitioning into careers at

New Home Sales on the Rise in April

A glimpse of hope has finally surfaced after months of primarily negative data; in April, the U.S. Commerce Department data recorded a 7.3 percent rise in sales of new single family homes, according to Agent

Merger Could Create Largest Association in Illinois

A possible merger between two real estate associations would create the biggest Realtor association in Illinois and the fourth largest in the

Arrests Made in Mortgage Fraud Schemes

A nationwide mortgage fraud sweep, titled “Operation Stolen Dreams,” caught 485 criminals guilty of everything from property flipping, to equity skimming, according to Flipping

South-Side Condo Sues Buyers for Deposits

With more unsold units than any other development in the city, and only about half of the buyers closing on their condos, buyers of 27 units are being sued by CMK Development Corp. due to their inability to close,

Bill May Narrow FHA Loan Availability

The “FHA-Rural Regulatory Improvement Act of 2011,” a draft bill proposing a minimum down payment of 5 percent, an increase over the current 3.5 percent down payment required to be able to take out a FHA-backed loan, will be

Spring Market Sees The Most Price Reductions

Across the board in all six Chicagoland counties, according to LeapRE, March has the highest number of price reductions. April has the second-highest, January has the third-highest and February, the fourth-highest. Overall, it seems that Chicagoland agents go for

Foreclosures Strain Market

The number of foreclosed homes is escalating — economists are projecting that selling the current amount of more than 872,000 bank-owned properties will take approximately three years; meanwhile, home values nationwide may fall another 5 percent by the end

Housing Can’t be Fixed by Government, Says House Speaker Boehner

Agent Genius has written extensively on housing since day one and it isn’t easy to keep a sunny disposition as housing has crashed in recent years. Various organizations from trade organizations to governmental organizations have come up with different

Property Crimes Down 2.8 Percent

The Federal Bureau of Investigation (FBI) found that property crimes including burglaries, larceny/theft, and motor vehicle theft all decreased in 2010, with a decline of 2.8 percent in all city categories, according to

Van Buren Lofts in West Loop With New, Lower Pricing

The Van Buren Lofts located at 1224 W. Van Buren in the West Loop currently features new pricing where grand opening prices start at $189,900 and some lofts are nearly $95,000 less than the original asking price, according to

Commission Express Branch to Open in Chicagoland

The Virginia based company Commission Express announced that they will be opening its newest branch on June 1 in Evanston, according to their press

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