News / Features

Slow Foreclosure Process for Illinois

Illinois is now one of the slowest states when repossessing homes, with an average process time of 494 days, compared to 242 days in

Five New Agents Join Coldwell Banker

Five new agents have joined Coldwell Banker Residential Brokerage in various areas of Chicago, all eager to match buyers with their dream

Foreclosure Data May Become Public Information

Listings of loans which are delinquent by more than 30 days, those delinquent by more than 90 days, foreclosures, and an accurate portrayal of the mortgage market may soon be publicly available in accordance with Section 1447 of the

“Rahm’s Renter” to Move Out in June

As Rahm Emanuel returns from Washington to take his new seat as Chicago’s mayor, the family who have been occupying his house plan to move out in

New NAR Policy Requires Brokers to Opt-in

The National Association of Realtors (NAR) established an “opt in” ruling for brokers who want their IDX listings displayed on national franchise websites; the vote took place on May 14 at the Midyear Conferences, and the newly approved vote

Two FDIC Lawsuits Seek Combined Total of $283 Million

The Federal Deposit Insurance Corporation has sued both CoreLogic, Inc. and Lender Processing Services, Inc. (LPS) for a combined total of approximately $283 million, according to

Mortgage Debt Drops, Refinancing Rises

Federal Reserve statistics indicated a three-year drop of $700 billion in outstanding mortgage debt, according to

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

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