News / Features

Scott Dudlicek Joins Weichert, Realtors Sales Team

Weichert, Realtors – Kingsland Properties welcomes a new member to their team. Scott Dudlicek will be part of the sales team at Weichert, Realtor’s Naperville office, serving DuPage, Kane and Kendall

FDIC Remains Hopeful of Positive Changes in June

In 2006, the banking industry recorded their sixth-consecutive year of record earning, with 0.7 percent of loans filed as delinquent, and only 50 banks performing in an unsatisfactory manner, said Housing Wire. All in all, things were looking

NAR’s Chief Economist Declares Foreclosure Delays “a Nonsensical Situation”

Realtors have become increasingly fed up with the delays in the sale of foreclosed properties – an area of widespread concern for many homeowners and agents alike, said the Wall Street

HomeServices, Inc. Names New CEO For Koenig & Strey Real Living

Nancy Nagy has recently been named the President and CEO of Koenig & Strey Real Living. Nagy will oversee the daily operations of the company’s 21 offices and over 900 agents in her new role. In addition to her

Increased National PHSI in May- Midwest has Greatest Increase Since May 2010

Yesterday, the National Association of Realtors (NAR) said that there was an increase of 8.2 percent, for a “Pending Home Sales Index” (PHSI) of 88.8 in May, as anticipated by economists. Overall, all areas saw an increase from a

MRED Gains Access Across the Nation

Midwest Real Estate Data LLC (MRED) announced they will now take part in the CoreLogic MarketLinx MLS Data Co-op in order to gain access to listings across the nation and market their agent’s properties across the

Buying a Home Made Easier for Newlyweds

Bridal registries are common with couples who are about to be married. Now, just as couples can register at a department store or specialty store, they can also register with a lender for the FHA Bridal Registry Program. Newlyweds

Case-Shiller Data Shows Chicago Has New Index Low in April

S&P Case-Shiller data released yesterday demonstrates a monthly increase in home prices through April for the 10- and 20-city composites for the first time in eight months, but they are both at lower levels than the indices have seen

Weichert-First Chicago Offered Condo Buyers a Unique Incentive

Weichert Realtors-First Chicago offered a two-day promotion in May, offering a free Smart Car, as well as 10 percent off the purchase price on May 14 and 15 (the properties must be closed on by July 30) to anyone

Chicago Association of REALTORS Announces $30 Dues Decrease

The Chicago Association of Realtors (CAR) announced a $30 dues decrease for the 2011 to 2012 fiscal year and an increase in member benefits. This decrease is an answer to concerns expressed by CAR members about rising costs elsewhere

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.

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