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President Addresses State of Housing

President Barack Obama had a lot to talk about during his annual State of the Union Address presented on Tuesday, including our country’s desperate need for jobs, the big gap between the few that are rich and the many that are struggling, and the challenge of reviving the American Dream, which includes homeownership. The President [...]

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Real Estate Professionals, It’s Time to Diversify

The housing industry has gone through many changes since peaking in 2006. To be successful, real estate professionals need to change with the landscape. Today’s hottest commodity: Renters. Rental-marketing specialist RentJuice has released its latest whitepapers, which reveal the tips a broker needs to tap into this industry and grow a real estate business in [...]

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Illinois Gains Green-Building Ground

The Illinois and Chicago real estate markets added more green buildings last year than almost any area of the country. Illinois was ranked No. 3 on the recently released list of Top 10 States for LEED Green Buildings by the U.S. Green Building Council (USGBC). The USGBC’s list is based on each state’s LEED-certified commercial [...]

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Chicagoland Home Sales Up, Prices Down

The numbers are in for existing-home sales in 2011 and the results are a mixed bag: Year-over-year sales around Chicagoland surged, the Chicago real estate market did not enjoy the same hike, and the whole state saw home prices fall. The Illinois Association of REALTORS® announced Friday that existing-home sales in the nine-county Chicago Primary [...]

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Register for Chicago Real Estate Conference to Save

What do you think is going to happen in the commercial real estate industry in 2012? Want to hear the opinion of a Chicago real estate legend? The 10th Annual Commercial Real Estate Forecast Event is set for January 24 in downtown Chicago, and if you register early, you’ll save. Produced by the Illinois Real [...]

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Architects Honored for Chicago Real Estate

The architectural world’s highest award has been bestowed upon some of the industry’s finest professionals, including two local groups that were recognized for their Chicago real estate designs. The American Institute of Architects (AIA) have chosen the 2012 recipients of the Institute Honor Awards, which recognize excellence in architecture, interior architecture and urban design. Out [...]

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Drury Design Wins Midwest Design Vision Awards’ Best of Show

More and more Chicago real estate owners are looking to invest in their own homes through remodeling. Recently, the best the area has to offer in remodeling was honored at the National Kitchen and Bath Association (NKBA) Midwest Design Vision awards. Drury Design took the show by storm, winning 11 awards, including Best of Show. Gladys [...]

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Free Foreclosure Prevention Workshop Saturday

New statistics show that during the third quarter of 2011, 16 percent of all metro Chicago real estate sold were foreclosures. Don’t become one of the statistics. If you are a Chicago-area homeowner who is worried about losing your home, it’s time to get some free help. Governor Pat Quinn’s Mortgage Relief Project is hosting [...]

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Economy Shutters Historic Chicago Helping Agency

A social services organization that opened its Chicago real estate to millions is abruptly closing its doors this week. The Jane Addams Hull House Association in the West Loop, one of Chicago’s oldest and largest social and human services agencies, is ceasing operations on Friday and will be filing for bankruptcy. The organization was founded [...]

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Pending Home Sales Down, Outlook Up

As if to prove a point, data presented this week showed that pending home sales in December fell off a nearly two-year high and declined more than expected. The Pending Home Sales Index (PHSI), which can predict future activity since it’s based on contract signings not closings, dropped 3.5 percent to 96.6 in December from [...]

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Single-Family Homes Increase, Multifamily Home Construction Decreases

National Association of Home Builders (NAHB) has good news for buyers interested in Chicago new homes! Single-family home production rose 4.4 percent in December according to the U.S. Commerce Department. This means an additional 470,000 homes are being constructed across the country. This increase is the third consecutive increase in single-family home construction, making it [...]