Archives

Lynn Madison Named 2011 Illinois REALTOR® of the Year

SPRINGFIELD, IL - January 31, 2011 - (RealEstateRama) -- Lynn Madison of Lake Zurich was named the 2011 Illinois REALTOR® of the Year. Madison is a real estate broker and is owner of Lynn Madison Seminars, Inc. A REALTOR® of the Year banquet will be held honoring Madison on April 6th at the Hilton Hotel in Springfield.

RE/MAX Key of Rockford Continues Expansion by Absorbing Agents From ‘The Way Unlimited’ Office

Chicago, IL - January 27, 2011 - (RealEstateRama) -- RE/MAX Key, the Rockford-based real estate brokerage firm established early last year, announced another step in its continued growth by absorbing the agents and operations of The Way Unlimited, another Rockford real estate firm led by Wayne Ahrens. RE/MAX Key, which had five agents when it opened last year, now has 24 agents on staff, 16 in its Rockford office at 5411 E. State St., and eight in its Belvidere office, located at 5995 E. Chrysler Dr. Its management continues to have its eye on additional expansion in the near future, targeting markets both south and east of Rockford.

Tax credits, affordability drove Illinois home sales in 2010

SPRINGFIELD, IL - January 19, 2011 - (RealEstateRama) -- First-time buyers continued to be a driving force in the Illinois housing market as they took advantage of the first-time homebuyer tax credit and the most affordable housing market in years, according to the 2010 Profile of Illinois Home Buyers and Sellers. The survey results released by the Illinois Association of REALTORS® (IAR) found 53% of buyers were first-time buyers, compared to 50% nationwide (a figure which has averaged closer to 40% nationwide since 2001).

Legum & Norman, Mid-West Adds Wolfram Towers to Client Portfolio

Chicago, IL - January 11, 2011 - (RealEstateRama) -- Legum and Norman (L&N), Mid-West, an Associa company, is pleased to announce the addition of Wolfram Towers to its client portfolio

IEMA Launches 2011 Preparedness Campaign with Focus on Hazard Mitigation

SPRINGFIELD, IL - January 6, 2011 - (RealEstateRama) -- While it may be impossible to prevent natural hazards, such as floods, droughts and wind storms, there are actions communities and their citizens can take to reduce or eliminate loss of life and property. Throughout January, the Illinois Emergency Management Agency (IEMA) will focus on hazard mitigation as part of its 2011 Preparedness Campaign

Top Agents, Brokers, Deals of 2010

Chicago, IL - January 6, 2011 - (RealEstateRama) -- Chicago Agent magazine released the highly anticipated fourth edition of Real Data, the premiere residential reference guide in the real estate industry.

RE/MAX Villager in Glenview Adds 7 Northbrook Agents and Gains Ground in North Shore...

ELGIN, IL - January 6, 2011 - (RealEstateRama) -- RE/MAX Villager in Glenview, Ill., has announced the arrival of seven agents formerly affiliated with RE/MAX North in Northbrook. The additional agents will strengthen the position of the Glenview office in the North Shore real estate market

Broker enabled dynamic IDX property search tool on his Chicago based real estate website

EUGENE, OR - December 23, 2010 - (RealEstateRama) -- IDX, Inc. is pleased to announce Ro Malik is the latest real estate professional to adopt IDX Broker software for his website. Now more than ever before, Chicago, Illinois home seekers can experience a thorough and comprehensive online property search right on the IDX enabled website Malik supports. The convenient search capabilities are backed by the Midwest Real Estate Data (MRED) listings, which display thousands of detailed property listings instantly on the website Malik has synced with an IDX solution. He can now give his clients the most innovative property search experience available to potential buyers searching for homes online.

Illinois Median Home Price Remains Stable Three Straight Months

SPRINGFIELD, IL - December 22, 2010 - (RealEstateRama) -- Economic and seasonal factors and a residual tax credit effect impacted home sales in November while prices held steady for three consecutive months with half of Illinois counties reporting posting a median price increase or no change from a year ago. 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 period in 2009. For the month of November home sales totaled 6,884, down 34.5 percent from 10,505 home sales in November 2009

Agents are Optimistic About the 2011 Housing Market

Chicago, IL - December 22, 2010 - (RealEstateRama) -- This wasn’t an easy year to be a real estate agent, even if 2010 turned out to be a better year than 2009. However, according to a new survey by Chicago Agent magazine, things might be looking up for 2011. In the magazine’s most recent issue, readers responded positively to a survey designed to gauge industry predications for 2011

Illinois Median Price in October Holds Steady from September Home Sales Activity Up...

SPRINGFIELD, IL - November 23, 2010 - (RealEstateRama) -- October continued the trend of median price growth in the majority of Illinois counties, sales were lower due to seasonal and residual tax credit factors; year-to-date sales remain positive even as the economy and foreclosures slow the recovery. According to the Illinois Association of REALTORS® latest report, year-to-date total home sales (which include single-family and condominiums) statewide are up 0.1 percent January through October 2010 with 89,050 home sales compared to 88,989 home sales for the same period in 2009; year-to-date sales are up 4.6 percent in the Chicagoland Primary Metropolitan Statistical Area (PMSA). For the month of October, statewide home sales totaled 7,325, down 34.2 percent from 11,129 home sales in October 2009.

October Home Sales in Metro Chicago Real Estate Market Saw Price Stabilization and Decline...

Chicago, IL - November 22, 2010 - (RealEstateRama) -- Home prices in the metropolitan Chicago real estate market reached somewhat firmer ground in October even as the volume of homes changing hands continued to decline. Both the median and average price of homes sold in the seven-county metro area were higher for October than during the previous month, while transaction volume was 14 percent lower than in September.

Tax Credit Effect Evident in Illinois Third Quarter Home Sales Sales Down 24.0 Percent,...

SPRINGFIELD, IL - November 10, 2010 - (RealEstateRama) -- More than half of Illinois counties reported gains in the median home sale price during the third quarter of 2010 compared to a year ago despite the post-tax credit slowdown in sales activity. According to the Illinois Association of REALTORS® (IAR) third quarter 2010 report, Illinois home sales (which include single-family homes and condominiums) totaled 24,628 in the third quarter, down 24.9 percent from 32,776 home sales in the same period a year ago. The third quarter statewide median home sale price was $154,000, down 6.1 percent from $164,000 in the third quarter of 2009. The median is a typical market price where half the homes sold for more, half sold for less.

Metro Chicago Real Estate Market Registers Solid 9-Month Gain in 2010 Despite Slower July-Sept....

Chicago, IL - November 9, 2010 - (RealEstateRama) -- Home sales activity in the metropolitan Chicago real estate market registered a solid gain of 11 percent for the first nine months of 2010 when compared to the same period in 2009. That was achieved even as third-quarter transaction volume was 22.8 percent lower than the same period last year.

Windy City listings synced to website of broker Stephen Johnson with dynamic IDX Broker...

EUGENE, OR - November 4, 2010 - (RealEstateRama) -- IDX, Inc. welcomes Stephen Johnson, the newest addition to the network of real estate professionals changing the way potential buyers search for homes online. Johnson has adopted his own customized IDX solution for his professional website, giving him the ability to link his search page directly to the Midwest Real Estate Data (MRED) database of property listings. Thousands of homes now appear on his website, making finding the perfect home online in Chicago, Illinois monumentally easier.

Popular

Investigation by CHA and HUD Inspectors General ends with guilty plea...

The Chicago Housing Authority will receive restitution for money stolen by a former contractor and her husband after the pair pleaded guilty to stealing funds intended for the Housing Choice Voucher (HCV) program, a crime that was exposed following an investigation by the CHA’s Office of the Inspector General.

Recent

Make Your Garage Door Quieter

How to Make Your Garage Door Quieter

Did you know that the structural noise from a garage can be anywhere from 5 decibels to 20 decibels above the background noise levels? And if you are wondering how much change would a 20-decibel increase make, then consider this – with a rise of 20 decibels, the sound energy increases by a factor of 100!