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RE/MAX Analysis of Illinois Real Estate Market Reveals What It Takes

ELGIN, IL - November 14, 2011 - (RealEstateRama) -- The chances of turning a home sales contract into a completed sale increase substantially when the real estate agents successfully overcome obstacles that can block the path to the closing table, according to a RE/MAX analysis of trends in the northern Illinois real estate market.

Illinois 3Q11 Home Sales Up 19.9 Percent from a Year Ago

SPRINGFIELD, IL According to the Illinois Association of REALTORS® (IAR) third quarter 2011 report, Illinois home sales (which include single-family homes and condominiums) totaled 29,644 in the third quarter, up 19.9 percent from 24,719 home sales in the same period a year ago. The third quarter statewide median home sale price was $145,500, down 4.9 percent from $153,000 in the third quarter of 2010. The median is a typical market price where half the homes sold for more, half sold for less.

September Illinois Home Sales Up 13.5 Percent from a Year Ago Statewide Median Price...

SPRINGFIELD, IL - October 20, 2011 - (RealEstateRama) -- According to the Illinois Association of REALTORS® (IAR) latest report, statewide home sales (including single family and condominiums) in September 2011 totaled 9,182 homes sold, up 13.5 percent from 8,088 home sales in September 2010. The statewide median price in September was $136,850, down 5.6 percent from $145,000 in September 2010. The median is a typical market price where half the homes sold for more, half sold for less.

RE/MAX Reports Home Sales Activity in Metro Chicago Real Estate Market

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).

Seasoned Metro Chicago Real Estate Pros Cindy and Tony Banks

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.

RE/MAX Study Shows Towns Served By METRA Are Weathering

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.

Illinois Real Estate Veteran to Open RE/MAX Ultimate Professionals in Shorewood

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.

August Illinois Home Sales Up 25.9 Percent from a Year Ago Statewide Median Price...

SPRINGFIELD, IL - September 21, 2011 - (RealEstateRama) -- According to the Illinois Association of REALTORS® (IAR) latest report, statewide home sales (including single family and condominiums) in August 2011 totaled 10,622 homes sold, up 25.9 percent from 8,434 home sales in August 2010. The statewide median price in August was $149,000, down 5.4 percent from $157,500 in August 2010. The median is a typical market price where half the homes sold for more, half sold for less.

Only 17 Percent of Agents Use Online Agent Rating Systems

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.

RE/MAX Catapults into Runner Up Leadership Position in Chicago Real Estate Market

Chicago, IL - July 29, 2011 - (RealEstateRama) -- RE/MAX increased its share of residential properties sold in the Chicago real estate market to 8.5 percent during the first half of 2011, up from 7.6 percent in first half 2010. As a result, RE/MAX has moved up into second place among real estate brands that do business in the city.

Illinois Home Sales Follow Seasonal Pattern through June

SPRINGFIELD, IL - July 22, 2011 - (RealEstateRama) -- According to the Illinois Association of REALTORS® (IAR) latest report, statewide home sales (including single family and condominiums) in June 2011 totaled 11,003 homes sold, up 12.7 percent from 9,761 sales in May 2011; sales were down 16.3 percent from 13,144 homes sold in June 2010.

April Illinois Home Sales and Median Prices Tick Up from March

SPRINGFIELD, IL - May 19, 2011 - (RealEstateRama) -- April marks the third consecutive month of home sales gains in Illinois as low mortgage interest rates and lower-priced inventories add up to affordability conditions not seen in decades. According to the Illinois Association of REALTORS® latest report, statewide home sales (including single family and condominiums) in April 2011 totaled 8,526 homes sold, up 8.5 percent from 7,856 sales in March 2011; sales were down 21.8 percent from the tax credit-bolstered sales gains of 10,897 homes sold in April 2010

RE/MAX Firms in Northern Illinois Real Estate Market Ranked Among Most Productive in U.S....

Chicago, IL - May 18, 2011 - (RealEstateRama) -- A number of RE/MAX firms in the Northern Illinois real estate market, each of which is independently owned and operated, were recently spotlighted in one of the nation’s most prestigious surveys of real estate company productivity -- Real Trends 500. The 2011 Real Trends 500, an annual report from Real Trends magazine, ranks the 500 most successful residential firms by closed transaction sides and closed sales volume. Rankings are determined by applications received. This year, 501 firms qualified based on transaction volume due to a tie for the final spot.

Strong Affordability Continues in Illinois First Quarter Housing Market

SPRINGFIELD, IL - May 10, 2011 - (RealEstateRama) -- Illinois home sales in the first quarter of 2011 reflect the variety of housing opportunities available at attractive prices across the state with close to 70 percent of homes sold priced below $200,000. According to the Illinois Association of REALTORS® (IAR) first quarter 2011 report, Illinois home sales (which include single-family homes and condominiums) totaled 18,940 in the first quarter, down 11.2 percent from 21,320 home sales in the same period a year ago while up significantly by 24.0 percent from the same period in 2009 when just 17,194 homes were sold. The first quarter statewide median home sale price was $131,175, down 8.9 percent from $144,000 in the first quarter of 2010. The median is a typical market price where half the homes sold for more, half sold for less.

Slower First Quarter Home Sales in Metro Chicago Real Estate Market Don’t Tell Full...

Chicago, IL - April 28, 2011 - (RealEstateRama) -- First quarter home sales and median home prices in the seven-county metropolitan Chicago real estate market both registered declines of 11 percent when compared to the same period in 2010, but those figures don’t tell the whole story, according to an analysis by the RE/MAX Northern Illinois real estate estate network.

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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.

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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!