News / Features

Obama Administration Releases December Housing Scorecard

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the December edition of the Obama Administration’s Housing Scorecard. The latest housing figures show continued home affordability in the housing market,

Illinois Median Home Price Remains Stable Three Straight Months

According to the Illinois Association of Realtors’ latest report, statewide total home sales (single family and condominiums) were down 3.5 percent year-to-date January through November 2010 with 95,973 home sales posted compared to 99,494 home sales for the same

Homeowners Recoup More with Exterior Replacement Projects

As part of the 2010-11 Remodeling Cost vs. Value Report, the National Association of Realtors recently rated exterior replacement projects among the most cost-effective home improvement projects, demonstrating that curb appeal remains one of the most important aspects of

2011 Predictions From Industry Experts

Throughout the country, everyone has an opinion about the housing market and where it is heading. From unemployment rates to consumer confidence, the different stats, figures and charts can be overwhelming. To help make the future appear clearer, we

U.S. Housing Market Shows 23 Percent Year-Over-Year Rise in National Price Reductions

Trulia.com has released its December price reduction report for the U.S. housing market. Nationally, the number of listings with at least one price cut grew by 23 percent, from 22 percent in December 2009 to 27 percent in December

2011 Predictions From Industry Experts – Cliff Perotti

Cliff Perotti: CEO, Sudler Sotheby’s International Realty Name three people/businesses that you are watching in 2011. Lanny Baker, CEO, ZipRealty Lanny just took over this post as CEO (he was the former CFO). He is faced with an organization that,

Mitch Levinson Named to Board of Home Builders Association of Greater Chicago

Mitch Levinson, managing partner of mRELEVANCE, an Internet marketing, social media and public relations firm, has been selected to serve on the Board of Directors of the Home Builders Association of Greater Chicago (HBAGC) in 2011. The installation will

Housing Starts Rise 3.9 Percent in November

Nationwide housing starts rose 3.9 percent in November to a seasonally adjusted annual rate of 555,000 units from an upwardly revised number in the previous month, according to newly released data from the U.S. Commerce Department. This marked the

Prairie Shore Properties Has Gone to the Dogs

Prairie Shore Properties, a mid-size North Shore and Chicago real estate company, has recently celebrated its annual “Dog Day” event at its dog-friendly North Shore office at 2934 Central St in Evanston. Sheer exuberance was in the air in

Partner in South Loop’s Central Station Development Takes $18 Million Loss

By Tom Butala According to ChicagoRealEstateDaily.com, a partner in the South Loop’s Central Station development has taken an $18 million loss on its own

Foreclosure Activity Decreases 21 Percent in November

RealtyTrac released yesterday its U.S. Foreclosure Market Report for November 2010, which shows foreclosure filings were reported on 262,339 U.S. properties in November, a 21 percent decrease from the previous month and a 14 percent decrease from November 2009.

Residential Market Shows Third Consecutive Quarter of Decline in Negative Equity

CoreLogic has released negative equity data indicating a third consecutive quarterly decline in negative equity for residential

Making New Year’s Resolutions? The Right Home Can Help Keep Them

If you are like millions of Americans, you have made a resolution or two for the New Year. According to a list compiled by About.com, the No. 1 resolution people make is to be healthier. “It’s not surprising that

The Professional Real Estate Auction Agent National Convention Announces 2011 Dates

The Professional Real Estate Auction Agent National Convention will be held in the historical city of Annapolis, Maryland on July 15-17,

Builder Confidence Remains Flat in December

Builder confidence in the market for newly built, single-family homes remained unchanged in December from the previous month at 16 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released

Price-Reduced Listings Continue to Soar Over Last Year

The number of price-reduced homes on the market this November increased dramatically compared to the same time last year, rising 24.1 percent according to ZipRealty’s Price Reduction Index, a monthly review of MLS-listed properties in 26 markets surveyed by

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