Archives

WASHINGTON, DC - November 3, 2011 - (RealEstateRama) -- Yesterday, U.S. Representative Mike Quigley (IL-05) met with U.S. Secretary of the Treasury Timothy Geithner to discuss the housing and foreclosure crisis in the City of Chicago and surrounding area. The meeting followed Quigley’s Foreclosure Assistance Fair this past weekend in Chicago, where more than 200 constituents sought assistance from mortgage lenders, government agencies, and housing counselors.

ELGIN, Ill. - October 20, 2011 - (RealEstateRama) -- Home sales in the seven-county metropolitan Chicago real estate market continued their third-quarter surge in September. RE/MAX reports that home sales for the month were 12.6 percent higher than in the same period of 2010, while sales for the full third quarter of 2011 were up 19.3 percent from the same period last year, based on an analysis of sales reported by Midwest Real Estate Data, LLC (MRED).

Chicago, IL - October 17, 2011 - (RealEstateRama) -- Cindy and Tony Banks are optimistic about the metro Chicago real estate market. It’s why the husband-and-wife team recently purchased RE/MAX Cornerstone, a busy brokerage located at 480 E. Roosevelt Road in West Chicago, Ill.

ELGIN, IL - October 7, 2011 - (RealEstateRama) -- The RE/MAX Northern Illinois real estate network has completed its fourth annual METRA Community Study that compares home sales in communities served by METRA commuter trains with the home sales across all suburbs in the seven-county metropolitan Chicago real estate market.

WASHINGTON, DC - October 6, 2011 - (RealEstateRama) -- U.S. Representatives Mike Quigley (IL-05) introduced The Mortgage Credit Availability Act of 2011 (H.R. 3084), which authorizes the Director of the Federal Housing Finance Agency (FHFA) to temporarily increase the conforming loan limits for mortgages that originated in high-cost areas.

Upper Marlboro, MD - September 29, 2011 - (RealEstateRama) -- A new report on green certification costs for home building and remodeling in the Chicago market says that the National Green Building Standard (NGBS) is a more flexible, affordable alternative for certifying single-family homes, townhouses, and condos than other national or regional green building certifications. The study compared the NGBS with the Chicago Green Homes (CGH) program and LEED-H, the rating system for single-family homes developed by the U.S. Green Building Council.

Chicago, IL - September 28, 2011 - (RealEstateRama) -- Kathy Dames, a 27-year Illinois real estate veteran, will open her own RE/MAX office in Shorewood, Ill., when RE/MAX Ultimate Professionals debuts in November at 576 Brookforest Ave. in the Brookforest Plaza shopping center.

ROCK ISLAND, IL - September 22, 2011 - (RealEstateRama) -- A new housing development opened today in Rock Island that will provide affordable and quality apartments for persons with special needs so they can live in a community setting.

CHICAGO, IL - September 15, 2011 - (RealEstateRama) -- Those looking to own a great new home in Chicago will have an unparalleled opportunity this fall when the remaining 81 homes in five new Chicago real estate developments will be offered at greatly reduced prices and with great incentives.

SPRINGFIELD, IL - August 26, 2011 - (RealEstateRama) -- REALTORS® and other real estate professionals from throughout Illinois will gather October 11-13, 2011, for the Illinois Association of REALTORS® (IAR) 95th Annual Convention and Expo at the Pheasant Run Resort in St. Charles.

Elgin, IL - August 25, 2011 - (RealEstateRama) -- The RE/MAX office in Skokie, Ill., has been purchased by Mark Feyman and Ivana Shudnow, both real estate veterans. The office, which was purchased in late July, will remain for the time being at 3947 Dempster St. Formerly called RE/MAX 1st Class Realty, its name has been shortened to RE/MAX 1st Class. The focus will continue to be on providing top service to customers -- but in more than just the residential real estate sector

Chicago, IL - August 19, 2011 - (RealEstateRama) -- A new survey in the August 15th issue of Chicago Agent magazine illustrates that more than half of all agents surveyed believe that online agent rating systems, such as those on Zillow.com, Trulia.com and Angie’s List, are beneficial to the industry. However, only 17 percent of agents surveyed are actively participating in agent rating systems.

Chicago, IL - August 18, 2011 - (RealEstateRama) -- RE/MAX Property Source, Rockford, which is part of the RE/MAX Northern Illinois real estate network, has expanded into Belvidere, Ill., where it has acquired the local office of RE/MAX Key and renamed it RE/MAX Property Source. The office has been relocated to 411 S. State St. in downtown Belvidere, the former office of State Rep. Ron Waite.

SPRINGFIELD, IL - August 18, 2011 - (RealEstateRama) -- According to the Illinois Association of REALTORS® (IAR) latest report, statewide home sales (including single family and condominiums) in July 2011 totaled 9,708 homes sold, up 18.4 percent from 8,197 home sales in July 2010. The statewide median price in July was $153,000, down 3.8 percent from $159,000 in July 2010. The median is a typical market price where half the homes sold for more, half sold for less

SPRINGFIELD, IL - August 10, 2011 - (RealEstateRama) -- According to the Illinois Association of REALTORS® (IAR) second quarter 2011 report, Illinois home sales (which include single-family homes and condominiums) totaled 29,316 in the second quarter, down 18.0 percent from 35,746 home sales in the same period a year ago while 2010 sales were up significantly by 28.2 percent from 2009 sales of 27,890. The second quarter statewide median home sale price was $142,000, down 11.3 percent from $160,000 in the second quarter of 2010. The median is a typical market price where half the homes sold for more, half sold for less.