News / Features

NAR Dues Increase Approved: $40 Increase in 2012

This weekend, the National Association of Realtors (NAR) gathered at the Midyear Meetings in D.C. The organization decided to raise dues by $40, a widely debated increase which aims to reshape campaign

Suburban Lots, Land Sales Rise

While the market for new homes isn’t necessarily improving, investors who buy land for suburban subdivisions might have different feelings. Sales of developed lots and raw land for residential development rose in 2010, a positive sign for the housing

Midwest Real Estate Data ranked as Top 100 Call Centers

Midwest Real Estate Data’s Technical Help Desk is recognized as one of 2010’s Top 100 Call Centers, in the small center category, by BenchmarkPortal. >!–more–> CEO Russ Bergeron is proud MRED has been recognized for this achievement by a

Housing Affordability Different for Five Different Ethnic Groups

For the first time, the National Association of Home Builders (NAHB) quarterly index was broken down across five different races/ethnic groups to analyze differences in income and housing affordability in

Affordability Continues to Trend in First Quarter of 2011

According to the Illinois Association of Realtors, 70 percent of homes sold in the first quarter of 2011 were sold for under $200,000. The median price for homes during the first quarter of 2011 was $131,175, which was down

NAR Holds Annual Meeting About Secondary Mortgages

The National Association of Realtors (NAR) and home finance analysts discussed that government involvement is too strong, speculating that secondary mortgages are coincidentally holding back growth in the housing market at their annual meeting this

Bank of America Revamps City Eyesores

A community group in the city of Chicago will soon have the potential to rehabilitate or demolish abandoned and foreclosed homes through a Bank of America Corp. program that will now hand over ownership to these properties, according to

Midwest Real Estate Data to Join Forces With Goomzee

Midwest Real Estate Data (MRED) has agreed to license Goomzee’s Realty Connect product. MRED provides the largest multiple listing services to 40,000 customers; their listings encompass northern Illinois, southern Wisconsin and Northwest Indiana. Goomzee’s Realty Connect is an industry-leading

ActiveRain Sold to Nikesh Parekh

ActiveRain, the online community that caters to 207,317 real estate professionals, was sold by co-founder and former CEO, Jonathan Washburn, to Market Leader, Inc. employee (and former consultant) Nikesh

NAR Members Voice Opposition on Dues Increase

RealTown poll results revealed that the majority of National Association of Realtors (NAR) members are opposed to membership due increases, with 2,502 (over 82 percent) members voting no on the Political Survival Initiative which would increase dues by $40/year

New Plan for Waterview Tower

Waterview Tower has been a prospective 90-story skyscraper, a potential 60-story hotel and office, and even a BASE jumping locale, but Chicago developer, Related Midwest now plans to morph the

Green Designation Program to be Updated in Late Summer 2011

The National Association of Realtors (NAR) has found that the desire for environmentally sustainable buildings is an ongoing trend, constantly gaining momentum, especially since the initiation of the Green Designation program in late

National Home Sales Steady: Local Home Values Decline

Nationally, home sales are steady, while prices have generally been dwindling for the past 57 consecutive months. However, Chicago’s first-quarter data suggests that the nine-county area is facing loss in both sales and

Home Sales Remain Steady But Home Values on the Decline

Zillow found that home values have been on the decline for 57 consecutive months, despite the National Association of Realtors tracking a rise in home prices in over 20 percent of metropolitan statistical areas, according to Wall Street

Residents of Hyde Park Condiminium File Lawsuit

Once known as the tallest building on Chicago’s South Side, the current 98-unit residential building located at 5000 East End Ave. in Hyde Park is quickly losing residents’ occupancy and patience. The building is currently facing a lawsuit over

A Buyer’s Ideal Market: Affordability in Chicagoland Housing

First quarter Illinois housing sales showcased the affordability in the current market, with nearly 70 percent of Illinois homes sold with price tags of under $200,000, and a median of $131,175, according to Illinois Association of Realtors

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