News / Features

New Realtors Join Coldwell Banker Offices

Coldwell Banker announced recently that 10 RE/MAX Team 2000 Realtors have joined the Coldwell Banker Orland, Flossmoor and Tinley Park

NAHB Estimates Impact of Lowered Mortgage Loan Limits

Due to enforcement of upcoming laws, mortgage loan limits will be reduced for Fannie Mae, Freddie Mac and the Federal Housing Administration in October 2011, according to National Association of Home

Downtown Property Listings Decrease in Buyers’ Market

With home prices falling and buyers seeking good deals and ideal locations, it seems that many have turned to the downtown area; overall, MLS inventory in the downtown area is dwindling, with a 61 percent decrease of condos and

Matanky Awarded Rights to Two New Properties

Matanky Realty Group has been awarded exclusive rights to two properties in the Chicago

Real Estate Recession Continues to Lower the Average Income for Agents

A Realtors’ median income for 2010 was $34,100 last year, a four-and-a-half percent drop from the previous 3 percent decline from 2009, said United Press

Willis Tower Owners’ Discuss Recapitalization/Sale of Iconic Building

North America’s tallest building, the Willis Tower (formerly known as the Sears Tower) is expected to be either recapitalized or sold, said Wall Street

Uptown Sees Biggest Uptick in Housing Prices Over Decade

Despite the housing market’s decline, housing prices in Andersonville and Uptown have reportedly seen a steady climb upwards in the past

Alliance Agreement Signed: Unification in the Works

Real estate organizations, FIABCI and ICREA signed an agreement of alliance at last week’s ICREA board meetings in Berlin, seeking to “optimize the combined strength of the two groups and maximize the benefits for the professional real estate community

Reduced Loan Limits, Analysts Expect Little Impact on Market

The Federal Housing Finance Agency raised conforming loan limits in February of 2008, but now they are expected to cut back; the agency is discussing reducing loan limits on mortgages guaranteed by Fannie Mae and Freddie Mac in an

Wabash Development Group Acquires Land For Chinatown Eastern Towers

Chinatown developer, See Y. Wong of Wabash Development Group, recently acquired a warehouse on 2401 S. Archer Ave. The space will be cleared to make way for the first phase of Eastern Towers, a new $100 million mixed-use development

$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

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