News / Features

Keller Williams Top Real Estate Franchisor in Annual List

Keller Williams Realty led among real estate brokerage franchises in an annual survey by Entrepreneur Magazine, and ranked 78th overall out of 500

Bill Kashul Named Sales Manager at Baird & Warner Lake Forest

Baird & Warner is pleased to announce the appointment of Bill Kashul as Sales Manager for the brokerage firm’s Lake Forest

Pew Research Says Homeownership Still Best Investment

The housing crash seems to have had little impact on consumer confidence, as 81 percent of adults believe buying a home is the best long-term investment a person can make. According to a report by Pew Research released this

Long Delays From Contracts To Closings Increase 50 Percent

According to data from LeapRE, in 2008 and 2009, homes that took 90 or more days from contract to closing accounted for about 6.9 percent and 6.8 percent, respectively, of all closings in Chicagoland. In 2010, however, homes that

FHA Starts a Pilot PowerSaver Program

U.S. Housing and Urban Development (HUD) have selected eighteen national, regional and local lenders to participate in a new two-year pilot program. The program will offer qualified borrowers, in certain parts of the country, low-cost loans if in turn

Condo Association Sues Resident Over Bedbug Problem

Bedbugs continue to be a growing problem in Chicago, one of the top five infested cities in the country. One particular North side condominium is especially having difficulties eradicating the pesky

Fannie and Freddie’s Foreclosure Preventions Drop Again

According to the Federal Housing Finance Agency, foreclosure prevention actions at Fannie Mae and Freddie Mac have fallen for the fifth-straight month. These foreclosure preventions include  loan modifications or repayment

Home Sales Increase 3.7 Percent

According to the National Association of Realtors (NAR), the number of existing home sales across the U.S. has risen 3.7 percent between February and March. The numbers are still lower than they were a year-ago due to buyers having

Home Sales Prices Increase in Chicagoland

In Chicagoland in March 2011, 5,324 single family homes and condos were sold, signaling a 41.3 percent increase over February 2011, according to the Chicagoland Primary Metropolitan Statistical Area (PMSA). Those numbers are reflected in the higher cost of

Mortgage Applications Increase Within the Past Week

According to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, the number of applications for mortgages increased by 5.3 percent from last

Housing Starts Show 7.2 Percent Improvement in March

Home construction may still be at low-levels, but the market is improving with 549,000 new housing starts in March of this

Zillow, Inc Officially Announces SEC Filing for IPO Status

Real estate site Zillow, Inc. officially announced that it is selling its common stock. The company filed a registration statement with the SEC for an initial public offering (IPO) today. This long-awaited announcement does not include the number of

Investors Account for the Sale of One Million Homes

Real estate investors now play a critical role in the housing market recovery. They account for one million homes sold in the U.S. in 2010, according to the National Association of Realtors

Sale Expectations Fell This Month for Builders

Sales expectations for homebuilders dropped in April 2011, as reported by Bloomberg today. The National Association of Home Builders/Wells Fargo sentiment index is currently at 16, a drop of one point since March, which reflects a poor outlook for

Broker Wins Appeal Against A&E in ‘Flip This House’ Lawsuit

Richard C. Davis, a South Carolina real estate broker with a specialty in flipping homes, won a $4 million court appeal against A&E’s “Flip This House,” a TV series he appeared on during its first

Developer John Buck Sues Co-op Board

Developer John Buck is feuding with the board of his East Lake Shore Drive co-op. The issue at hand is how big Buck’s unit in the 10-story, 13-unit building, which is east of the Drake Hotel on one of

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