News / Features

February Pending Home Sales Rise

Pending home sales increased in February but with notable regional variations, according to the National Association of

Homes Built in 2005 Sold the Most in 2010

According to data from LeapRE, homes from 2007 and 2008 are spending the longest time on the market. It is possible this is due to inventory overhang – properties still not sold from that period that remain on the

Disbarred Chicago Lawyer Guilty in Federal Mortgage Fraud Case

A federal jury convicted a disbarred Chicago lawyer on fraud charges for her role in facilitating staged real estate transactions involving Chicago homes in 2003, federal law enforcement officials announced today. The defendant, Lorie Westerfield, was found guilty on

Single Family Delinquencies on Mortgages Drop

Freddie Mac completed 23,017 loan modifications during the first two months of 2011 and single-family delinquencies on mortgages held or backed by the GSE dropped in

Builders Urge Congress to Restore the Flow of Credit to Housing

At a crucial juncture for the nation’s emerging housing recovery, restoring the flow of acquisition, development and construction (AD&C) lending to sustain new housing activity took center stage as 500 builders from across the country converged on Capitol Hill

Real Estate Firms to Participate in Earth Hour 2011

As annual Earth Hour approaches, real estate investment and property management firms across the country have announced their

Spring Real Estate Season a Buyers’ Market

With new and existing home sales falling throughout the country in February, potential homebuyers are seeing attractive prices on all types of

New Residential Sales Reduce in February

The U.S. Census Bureau and the Department of Housing and Urban Development released today their report on new residential sales in

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association‘s Weekly Mortgage Applications Survey for the week ending March 18,

Experts Speculate on Housing Double Dip

Today, MacroMarkets LLC announced the results of the March 2011 Home Price Expectations Survey, compiled from 111 responses of a diverse group of economists, real estate experts, investment and market strategists. The survey is based upon the projected path

February National Existing-Home Sales Decline Following Sustained Gains

Existing-home sales fell in February following three straight monthly increases, according to the National Association of

Willis Tower Launches Solar Windows Pilot

Pythagoras Solar today announced that it has been chosen by Willis Tower, formerly Sears Tower, to collaborate on a pilot project to help deliver on the building’s renewable energy and energy efficiency improvement

NAR to Raise Membership Dues

The National Association of Realtors met yesterday at the Association Executives Institute in Dallas to present the Realtor Political Survival Initiative (PSI), a response to a 2010 Supreme Court ruling that effects campaign

February Home Sales Up 1.3 Percent from January in Illinois

February home sales in Illinois increased from last month while year-over-year comparisons still reflect an impact from the homebuyer tax credit

Weekend RE

If sometimes you feel like you’re throwing money down the drain to cover high utility bills, this first story should offer some

Rents on the Rise

As the mortgage crisis continues, a lot of people being foreclosed upon are forced into rental properties. In addition, younger generations are not looking to buy because of the high costs of home ownership. With the amount of renters

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