Archives

ELGIN, IL - December 15, 2011 - (RealEstateRama) -- What’s ahead for the housing segment of the metropolitan Chicago real estate market in 2012? RE/MAX recently asked a representative sampling of its experienced agents for their assessment of where the market stands today and what the New Year may hold. A sizable majority of those agents expects that the first half of 2012 is likely to see a slow steadying of home prices and a continuation of the recent trend toward increased home sales.

Chicago, IL - December 5, 2011 - (RealEstateRama) -- In a recent study of RE/MAX agents in northern Illinois, agents reported that although this remains a great time to buy a home due to ample inventory and mortgage interest rates at a historic low, earning approval for mortgage financing has become a longer and more difficult task.

ELGIN, IL - November 17, 2011 - (RealEstateRama) -- October home sales activity in the metropolitan Chicago real estate market continued the upward trend evident during the third quarter of 2011, according to an analysis by RE/MAX of home sales statistics collected by Midwest Real Estate Data, LLC. The number of homes changing hands in October increased 22.3 percent when compared to October 2010. That followed a 19.3 percent gain in the third quarter.

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.

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 - 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.

Chicago, IL - July 20, 2011 - (RealEstateRama) -- June home sales in the metropolitan Chicago real estate market displayed a distinctly split personality, according to an analysis of sales data by RE/MAX.

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.

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.

Chicago, IL - March 17, 2011 - (RealEstateRama) -- February home sales in the seven-county metropolitan Chicago real estate market registered mild declines when measured against January of this year and February of last year, according to an analysis of sales data by the RE/MAX Northern Illinois real estate network. The analysis looked at all sales recorded by Midwest Real Estate Data, LLC, which is the regional multiple listing service

Chicago, IL - February 17, 2011 - (RealEstateRama) -- 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 RE/MAX

Chicago, IL - February 8, 2011 - (RealEstateRama) -- The RE/MAX Northern Illinois real estate network once again led the seven-county metro Chicago real estate market in home sales during the year just ended. RE/MAX agents sold 12,678 listed residences, easily outdistancing any other brokerage organization. RE/MAX has held the number one position, based on listings sold in the metro Chicago real estate market, since area-wide data was first collected in 1994.

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.