News / Features

First Tier Suburbs Are a “Sweet Spot” For Development and Investment

Once bypassed in the stream of investments being funneled into downtown cores and outlying suburbs, first-tier neighborhoods are emerging in the post-recession era as major magnets for urban growth, according to Urban Land Institute Chief Executive Officer Patrick L.

Chicago Has Six New Suburbs Since the Year 2000

Not only are more people living in the suburbs now, there are more suburbs to live in, according to the U.S. Census Bureau data released last

Not Even a Blizzard Stops Real Estate Professionals from Doing Business

You’ve probably heard the expression, “real estate agents never sleep.” For customers of Midwest Real Estate Data (MRED), sleep was the least of their concerns when the Great Blizzard of 2011 hit the Chicagoland

First-Time Homebuyers Account for Majority of Illinois Sales in 4Q 2010

The Chicagoland region ended 2010 nearly even with home sales in 2009 while statewide the Illinois housing market continued to ride out the turbulent economic times boosted by sales from the homebuyer tax

California Joint Venture Takes Over New England Builders’ Lake Bluff Development

California thinks they can do it better; a California developer is buying a failed 47-acre residential development in Lake Bluff about seven months after taking over seven suburban projects started by now-defunct Kimball Hill

Chicago Remains Third Largest US City

As data from the 2010 Census is released for states across the country, the figures released yesterday for Texas show that Houston remains smaller than Chicago, the third most populous city in the

Home Sales in Metro Chicago Real Estate Market Showed Resilience During January

Home sales in the seven-county metropolitan Chicago real estate market showed encouraging resilience in January even though total home sales slipped 3.7 percent below the level recorded in the same month of 2010, according to an analysis by

Condo Sales Down and Rentals Up

The downtown residential market has become good for apartment developers and owners, who are benefiting from the lack of condominium sales. During the condo boom, developers hurriedly built new condo buildings and many existing apartment buildings turned condo. However

Chicago Ranks First in U.S. LEED-Certified Structures

The Windy City currently leads the U.S. in the number of LEED-certified

MBA Reports Decrease in Mortgage Applications

The Mortgage Bankers Association (MBA) released yesterday its Weekly Mortgage Applications Survey for the week ending February 11, 2011. The Market Composite Index, a measure of mortgage loan application volume, decreased 9.5 percent on a seasonally adjusted basis from

North Side Former Nursing Home to Turn into Rentals

With the demand in North Side housing, a developer has proposed to turn a former nursing home into rental

More Chicagoans Are Moving to the Suburbs

By Tom Butala The U.S. Census Bureau has released Illinois data collected in its 2010 polling, revealing a migration of residents from Chicago to its

Poll: Do You Use QR Codes?

QR codes are all the rage right now. Short for “quick response,” these small, square codes can be seen in print ads, magazines, billboards and trade-show booths. They’re especially relevant to real estate, however, because they’re efficient — within

Housing Starts Up 14.6 Percent in January

According to mam.Econoday.com, U.S. housing starts have climbed in the month of

Target Announces Chicago Loop Location

By Tom Butala Target announced yesterday the addition of a new Chicago store in the iconic Carson Pirie Scott building, now known as Sullivan

Downtown Condo Sales Crawl Through 2010

Chicago condo and town home developers lost more contracts than they took on in the fourth quarter of

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