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Real Estate Information Archive


Home Values in Metro Chicago Real Estate Market

Regional Spotlight—Home values in the seven-county metro Chicago real estate market extended their upswing in November, according to an analysis by RE/MAX. The median sales price of all attached and detached homes closed in November was $170,000, a 10 percent increase over the median price a year earlier. That compares ...


Published FHA Loan Limits Show Large Declines for 2014

Loan limits for mortgages backed by the Federal Housing Administration (FHA) were scheduled to fall in 2014 due to the expiration of increased limits set during the housing crisis. However, the magnitude of change for the published limits has caught many by surprise. ...


Living Smart: Handyman vs. Contractor

(MCT)—Whom should you hire: handyman or general contractor? ...


Upping the Ante: Today’s Sellers Opt for Full Disclosure

Pillar To Post provides an in-depth look at the role pre-sale inspections play in today’s competitive market ...


Values Appreciate: Healthy Markets Focus on West, Midwest

In October, the five healthiest markets were San Jose (Market Health Index of 9), San Francisco (8.9), Los Angeles (8.6), San Diego (8.4) and Denver (8.1), among the country’s top 30 largest metro markets covered by Zillow, while in September, Homes.com reported ...


FHA Mutual Mortgage Insurance Fund Gains $15 Billion

The U.S. Department of Housing and Urban Development (HUD) recently released its annual report to Congress on the financial condition of the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund. The independent actuarial report shows that FHA’s Mutual Mortgage Insurance Fund (MMIF) has gained $15 billion dollars in value ...


Ask the Expert: What Steps Can I Take to Achieve Success?

Today's 'Ask the Expert' column features Glade Jones, CEO of Obeo, Inc. ...


Middle Market Commercial Executives Feeling Cautious, but Optimistic

Middle market commercial real estate executives are expressing cautious optimism toward the market and are looking to take advantage of long-term investment opportunities. However, the majority are finding that the current tax and regulatory climate is placing a strain on the performance of their companies. These are some of the ...


Fannie Mae Announces Eviction Moratorium for the Holidays

Fannie Mae (FNMA/OTC) announced recently that it will issue an eviction moratorium for the holidays, as it has done in previous years. The company will suspend evictions of foreclosed single family and 2-4 unit properties from December 18, 2013 through and including January 3, 2014. For this period, legal and ...


Prudential Network Realty Founder Appointed to Berkshire Hathaway HomeServices & Luxury Resort Advisory Council

Prudential Network Realty Founder, President and CEO Linda H. Sherrer has been appointed to Berkshire Hathaway HomeServices Luxury & Resort Advisory Council for 2014. ...


Luxury Portfolio International® Expands Membership in Eight Countries

Luxury Portfolio International® has recently welcomed 17 new member real estate companies in the U.S. and eight countries abroad, joining the network’s 200+ market-leading real estate firms. The network has also introduced seven new luxury developments as part of its Development Collection. Luxury Portfolio specializes in the high-end real estate ...


55+ Housing Market Confidence Is Breaking Records

The nationwide financial and economic challenges in recent years have upended millions of consumers' retirement plans, and dreams of transitioning into a new or smaller dwellings to age in place. ...


What You Need to Know about the New .REALTOR Domain

In 2011, NAR applied with the Internet Corporation for Assigned Names and Numbers (ICANN) to operate a NEW branded .REALTOR top level domain (TLD). Soon hundreds of new domains will be available on the Internet, but only .REALTOR means the trusted source in real estate. ...


Mortgage Applications Rebound after Six Week Decline

The week ending December 6th saw mortgage applications increase by one percent; it was the first time in a month and a half that the numbers edged upwards. While the increase may seem insignificant to some, it’s a great sign for the housing market. Don Frommeyer, CRMS, President of NAMB ...


Regulators OK Volcker Rule, Curbing Big Banks’ High-Risk Trades

(MCT)—Government regulators approved a sweeping new set of rules for the nation's biggest banks that ban them from the kind of ultra-high-risk trading that nearly collapsed the world's financial system. ...


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