Chicago Becomes First City in the Nation to Include Energy Costs in Home Listings

July 11, 2013

The City of Chicago has become the first city in the nation to include energy costs in home listings! Mayor Rahm Emanuel, in partnership with CNT Energy and Midwest Real Estate Data LLC (MRED), announced last week that Chicago home listings on the Multiple Listing Service (MLS) will display the annual and monthly gas and electric costs to help buyers make a more informed decision when purchasing a new Chicago home.

“Chicago is leading the nation in using data to promote energy efficiency and create green jobs,” said Mayor Emanuel. “This innovative tool will allow residents and homebuyers to factor energy costs into their buying decisions and streamline the 25-year old paper-intensive process for realtors and utility companies, allowing them to focus on their customers. It is a win-win that will create a better marketplace and opportunity in our neighborhoods.”

The new system launched last week on the Chicago MLS site, so residents should talk to their Realtors® to see this information online. Realtors® can also provide potential homebuyers with a detailed energy report that will help buyers to better understand how the home uses energy.

“The online energy information will help accelerate energy efficiency efforts in Chicago and highlight Chicago’s position as a leader in sustainability,” said Anne Evens, Executive Director of CNT Energy. “We look forward to the benefits that this continued partnership will bring to Chicago residents. We appreciate Mayor Emanuel’s leadership on this initiative and the Innovation Delivery Team’s efforts to make this possible.”

“We are proud to partner with the City and CNT Energy so that participants at every level of the home purchasing process will be able to make smart comparisons and ultimately make an informed decision regarding sustainability,” said Russ Bergeron, CEO of MRED. “Under Mayor Emanuel’s leadership, Chicago residents will have better information at their fingertips when making home purchase decisions.”

We have seen from recent reports that homebuyers’ preference for energy-efficient homes has become a nationwide trend. A report from the National Association of Home Builders (NAHB) published in February demonstrated that energy-efficient homes are desired by a vast majority of consumers, and a March study from University of North Carolina showed energy-efficient homes with the ENERGY STAR designation are less likely to foreclose than comparable homes.

This announcement is just one of the new programs the city has implemented to help increase the energy-efficiency of all Chicago homes, both new and old. The successful Retrofit Chicago Residential Partnership has retrofitted more than 4,000 Chicago homes and apartments and last week Mayor Emanuel announced last week that $2.6 million of Retrofit rebates were still available for residents to make their homes more energy-efficient.

For more information on new energy-efficient Chicago homes, visit Chicago Real Estate Forum’s Green Living page.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

Leave a Comment