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Archive | Real Estate

Bidding Wars: Families Fight to Compete for the Purchase of a New Home in Sellers’ Market

ABC NEWS NIGHTLINE: Ferocious bidding wars have become the norm in a real estate market that is hotter than ever. NIGHTLINE reports on two real estate sellers’ markets: (1) Highlands Rand, Colorado, where a house priced at $329,000 had multiple bidders; and (2) Scarsdale, New York, where a ranch house with an asking price of […]

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RE/MAX Brokerages Serving Metro Chicago Real Estate Market Tabbed as Top Performers in 2014 RISMedia Power Broker Report

The 2014 RISMedia Power Broker Report named eight RE/MAX brokerages in the metropolitan Chicago real estate market as among the top performing firms across the United States. The report, published this month, is considered one of the most accurate gauges of brokerage performance in the U.S. residential real estate sector. The 2014 Power Broker Report […]

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Chicago in Top 5 Foreclosure Cities; Illinois Foreclosure Activity Up 29 Percent from April to May

Chicago, Illinois along with Miami, Florida; Las Vegas, Nevada; Los Angeles, California; and Phoenix, Arizona have the status of the cities with the top foreclosure activity in the United States. Foreclosure rates in Chicago amount to about one in every 252 housing units — the fourth-highest among the nation’s 20 largest metro areas. Illinois is […]

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Arlington Heights Northwest Cook County Public Workshop Chicago Metropolitan Agency for Planning (CMAP)Workshop Tuesday, June 19, 2012

On June 19, 2012, a public workshop is scheduled to inform the public and to seek community input concerning the future of residential needs and opportunities in the Village of Arlington Heights. Through a technical assistance grant from the Chicago Metropolitan Agency for Planning (CMAP), the Village of Arlington Heights, along with the four adjacent […]

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Yale Professor Robert Shiller Warns of Another 10-25% Home Price Drop

According to Robert Shiller, Yale professor of economics the housing market is in for more losses, citing “unusual factors” that he said influenced the outlook for the housing market. Unusual factors … During the real estate boom, people stopped regarding homes as homes, and considered them investments in land. The real estate boom turned into […]

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Zillow: First Quarter 2011 Median Home Values Continue to Decline; Down 8.2% Past 12 Months

More than 28 percent of U.S. homeowners owed more than their properties were worth in the first quarter 2011 as values fell the most since 2008, according to Zillow Inc. Home prices slumped 8.2 percent over the past 12 months. About 27 percent of homes with mortgages were “underwater” in the fourth quarter 2010. Homeowners […]

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Home Prices Falling in Most Major US Cities

Interview John Hall Jr., Homebuilder: “We’re building custom homes that once had to be a million-and-a-half … we’re doing homes in the mid-6’s ($600,000) and mid-7’s” Home prices are falling in most major U.S. cities, and the average price in four of them is at an 11-year low. Analysts expect further prices declines in most […]

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Arlington Crossings Offers New Construction, Urban Lifestyle in Chicago’s Northwest Suburb, Arlington Heights

Video of Arlington Crossings ribbon-cutting ceremony the day before grand opening, also shows a tour of The Providence and The Dalton. Demolition is the old Jewel-Osco, and before that, the Polk Brothers building. Friday, January 21, 2011 was the ribbon-cutting ceremony for the new construction site of row homes at the old Arlington Market shopping […]

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Home Prices Expected to Take -8% Hit Next Year

Home prices ticked up in July for the fourth straight month, but many cities are bracing for declines in the year ahead. (Sept. 28) The S&P/Case-Shiller Home Price Indices are the leading measures for the US residential housing market, tracking changes in the value of residential real estate both nationally as well as in 20 […]

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William Brucks, Mary Zentz & Other Agents in NW Suburbs Honored by RE/MAX for Career Achievements in Metro Chicago Real Estate Sales

ELGIN, Ill., Sept. 16, 2010 — RE/MAX affiliates from six offices located in the northwest suburban portion of Cook County, Ill., were among the elite agents who recently earned career awards from RE/MAX, the leading international real estate organization. A total of 22 agents received the awards based on their continued success in the metropolitan […]

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Pulte Plans Approved by Arlington Heights Village Board at Arlington Market

The Arlington Heights Village Board approved plans for the construction of 66 row house on a little over five acresPulte also agreed to build 26 guest parking spaces in two areas. Pulte also agreed to remove construction debris, grade and seed another seven acres that are currently zoned for single-family residences. Streets near the row […]

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Texas Stadium — Former Dallas Cowboys Home — Demolished with Dynamite

Video of Texas Stadium demolition that was replaced by a news stadium last year. Texas Stadium in Irving, Texas was imploded with over 2,700 pounds of dynamite today. The stadium was reduced to rubble by multiple detonations in less than a minute. The Dallas Cowboys played for 38 years in Texas Stadium, and won all […]

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