News / Features

$1000 Raffle Winner at The Columbian Broker Party

Alvia Baker of DuSable Realty and Appraisal won the $1,000 American Express gift certificate at a broker party held by The Columbian on May

On Average, Agents Work More Hours for Less Money

According to Agent Genius, data from NAR shows the average real estate agent — residential and commercial — had eight transactions in 2010. Despite the number of transactions being less than one per month, the good news is this

NAR Survey Finds 90 Percent of Realtors Don’t Blog

The 2011 NAR Member Guide reports that nearly two thirds of all Realtors have had a website for at least five years. Of that number, half use social media and only 10 percent blog on a daily

Missed Opportunies – Study Reveals that 75 Percent of Web-Based Leads are Lost

A secret shopping effort from One Cavo and PCMS Consulting revealed that approximately 75 percent of web-based leads are either ignored or receiving late responses, resulting in lost leads, said RIS

HUD Announces Green Refinance Plus Program

Yesterday, the Federal Housing Administration (FHA) and Fannie Mae announced Green Refinance Plus, a new program which will assist owners of existing affordable apartment buildings in paying for energy efficient

Condo Boards Plan to Enforce Rental Caps

Condominium boards for two luxury downtown high-rises aim to market a controlled amount of available rentals, in an effort to maintain the value of the properties, according to

Dream Town Realty Hires Five New Agents

Chicago-based brokerage Dream Town Realty added five new agents to its residential sales team in

HUD Begins Regulatory Review Under White House Order

HousingWire.com reported the Department of Housing and Urban Development began a review of its regulations and will continue a periodic review for other rule changes as directed from an executive order from President

New Director of Compliance at Keller Williams Gold Coast

Kimberly Trimmel, associate broker at the Keller Williams Gold Coast office, has recently been appointed as the director of compliance for the Keller Williams Gold Coast

RE/MAX Synergy Opens in Orland Park

A new brokerage, RE/MAX Synergy opened at 15607 S. Harlem Ave., in Orland Park, Ill.; the franchise is owned by Renaud Biscarrat (pictured), with a team of 57 affiliated agents who are eager to serve clients in Chicago’s southwest

Census Releases Housing Vacancies Stats for Chicagoland Areas

The Census Bureau released the “Profile of General Population and Housing Characteristics” for Illinois last week, which included information and stats that reveal which Chicagoland areas were hit the hardest by

NAR Calls for Comprehensive Reform of Mortgage Market

Yesterday, at a Senate Banking, Housing and Urban Affairs Committee hearing, National Association of Realtors President, Ron Phipps announced support of comprehensive reform, in order to alter the current model of the secondary mortgage market, said Gamut

Questionable Foreclosure Practices, Banks Face Liability Costs of $17 Billion

State attorneys general announced Tuesday that if a settlement is not reached, some of the nation’s largest banks will face potential liability costs amounting to $17 billion; these potential civil lawsuits have been rendered in regard to improper foreclosure

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

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