News / Features

New RE/MAX Office to Open in Chicago’s Gold Coast

Janice Corley and Cynthia Bauer have partnered to open RE/MAX Premier Properties in Chicago’s Gold Coast neighborhood. The pair are former Sotheby’s and RE/MAX affiliates; they are returning to RE/MAX to open a new office as

NAHB Poll Finds Hopeful Statistics – Many Still Value Owning a Home

A recent poll from NAHB has proved that, according to the 2,000 likely voters who were polled, one thing remains consistent in the housing market: owning a home is still

New Home Sales Fall for the First Time in Three Months

Fewer people bought new homes last month. New-home sales fell 2.1 percent in May to a seasonally adjusted annual rate of 319,000 homes, the Commerce Department said. That’s far below the 700,000 homes per year that economists say must

These Homes are Anything but Ordinary

For Chicago Agent’s Who’s Who issue, which came out June 6, a big part of creating the issue is finding uniquely beautiful spaces as a setting for the participants’ photos. Millie Rosenbloom, a consistent top producer for Baird &

Baird & Warner Announces Acquisition of F.C. Pilgrim & Co.

Baird & Warner has just announced that it has acquired F.C. Pilgrim & Co. of Oak Park. Each company has been around since the 1800s and each boasts a reputation of consumer confidence and “a historic commitment to diversity

Elmhurst Agent Wins EcoBroker Community Service Award

Laura Stukel of KW Reedy Real Estate in Elmhurst is one of eight recipients of the EcoBroker Community Service

CoreLogic Shines Light on Shadow Inventory

All across the nation, people are affected by foreclosures. Now, with foreclosures declining, the number of bank-owned houses is,

Anticipated Impact of QRM Proposal Increasingly Glum

The proposal of a 20 percent down payment under the Dodd Frank Act has been regarded as potentially detrimental, with many lawmakers worrying that first-time homebuyers will be locked out from buying a home; new information, presented at Capitol

Real Estate Cycle Expected to Push Buyers Toward Renting

As buyers hesitate to invest in a time when loans are hard to obtain and many homeowners are finding themselves underwater, rentals are becoming a desirable

Which Chicago Neighborhoods are Most Affected by Rental Foreclosures?

Earlier this month, the Lawyers’ Committee for Better Housing issued a study about the foreclosure situation in Chicago’s rental buildings. The study sheds light on how the foreclosures affect community members, and found that Chicago’s West and South sides

Silver Tower Saved From Foreclosure, Bought by Davis Cos.

Silver Tower, a 38-story River North condominium project, has been saved from foreclosure due to an investment firm picking up the outstanding $30 million tab for the development’s overdue construction loan, according to

Emergency Homeowners’ Loan Program Offers Window of Opportunity for Unemployed

The Emergency Homeowners’ Loan Program (EHLP) is a new $1 billion Obama administration program which is estimated to assist 30,000 unemployed borrowers, who are otherwise straining to avoid foreclosure, reports the Wall Street

Panelists Work to Establish Future of Mortgage Market

Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo, which combined hold 70 percent of the private mortgage origination market, may soon fill the void Fannie Mae and Freddie Mac leave behind, said Housing

Chicago’s MLS Rental Inventory Quickly Diminishing

Last week, MLS listings of condos and homes available for rent dropped to 739-a decrease of 61 percent since Yo Chicago started tracking 14 downtown zip

Two DuPage Women Sentenced to Prison after Home Mortgage Scheme

Two DuPage women are sentenced to 10 years in prison after pleading guilty to 10 counts of theft in a home mortgage scheme and ordered to jointly pay $1.8 million in

Prudential Rubloff Merges with GPS Realty

Prudential Rubloff has just announced their merger with GPS Realty, Inc. of Union Pier,

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