Archive for National Association of Realtors

Chicago New Homes and Condo Sales Remain Strong

Chicago new homes sales rose 23 percent from September of last year, according to the National Association of Realtors. Single-family home and condo sales totaled 7,484 at the national level, the highest number in six years. In Chicago, single-family home and condo sales totaled 1,845 and Chicago condo sales increased 32.2 percent from September 2011. [Read More]

Chicago Homebuyers Returning to the Market

More Chicagoland homes were sold last month than in any other month over the past five years. According to the Illinois Association of REALTORS®, home sales in the Chicago metropolitan area surged 28.5 percent in August compared to the same month the previous year. The 9,240 homes sold last month marked the best month for [Read More]

September 19, 2012 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, Economy

Illinois August Foreclosure Rate Highest in the U.S.

The Illinois and Chicago real estate markets are still struggling with high foreclosure rates. In August, Illinois had the highest foreclosure rate in the nation and one out every 298 homes received a foreclosure notice, according to RealtyTrac. This is the first time Illinois has led the nation in foreclosures since January 2005. When comparing [Read More]

September 17, 2012 | Author: Jessica Thom | Comments: (0) | Categories: Chicago Real Estate News, Cook County, Economy, Featured, Locations, Mortgages

Chicago Homes Are Taking Less Time to Sell

According to a new study by the National Association of Realtors, the length of time it takes to sell a home is now decreasing. This is good news for Chicago homeowners who may be worried about how long their house will be on the real estate in Chicago market. During the month of July, the [Read More]

September 13, 2012 | Author: Jessica Thom | Comments: (0) | Categories: Chicago Real Estate News, Economy, Mortgages, Single Family Homes

Help Chicago Area Homeowners Get a New Bathroom

A metro Chicago real estate owner has a chance to win a free bathroom makeover, and the public can help bring that dream to fruition. HouseLogic.com, the website for homeowners from the National Association of REALTORS®, is running the Boost Your Roost contest, in which a lucky homeowner will win a home renovation. Thousands of [Read More]

August 02, 2012 | Author: Tracey | Comments: (0) | Categories: Contests, Remodeling

While Home Prices Decline, Rents Rise

While home and condo sales in the Chicagoland area have been stuck in the mud, the rental market continues to thrive according to a report by the National Association of Realtors® (NAR). The report finds that all major commercial real estate sectors are improving with the apartment rental sector fully recovered and continuing to grow. [Read More]

May 30, 2012 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Economy

Midwest Real Estate Data First Charter Member of Real Estate Standards Organization

Midwest Real Estate Data (MRED), the Chicagoland multiple listing service (MLS), continues to be an innovator in the Chicagoland real estate market with the announcement that it is the first Charter Member of the Real Estate Standards Organization (RESO). RESO is a group of real estate organizations working together to: Develop and implement data standards [Read More]

May 07, 2012 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Education
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