Major gains in home sales marked the first half of 2015, a sign that the Chicago area continues to pull away from the slump that followed the housing bust. In the first half of the year, sales of all homes rose by 8.5 percent in Chicago and the four surrounding counties: Cook, Lake, DuPage and Will, according to figures from Midwest Real Estate Data posted last week.
The Mainstreet Association of REALTORS (MORe) welcomed Lawrence Yun, chief economist for the National Association of REALTORS, to share his insights on Chicago’s housing recovery. Read more about the opportunities the current market presents to buyers, sellers and renters in Chicago Real Estate Daily. [Read more]
Commercial real estate is about building relationships, and as the industry expands and the available tools evolve, so too must REALTORS’ approach to business. See what Kristian Lee, head of the Commercial Alliance of the Mainstreet Organization of REALTORS (MORe), has to say about emerging technology in this REJournals.com article.
The Low Income Energy Assistance Program (LIHEAP) provides financial assistance to thousands of Illinois families unable to pay their utilities bill. The 2016 proposed Illinois state budget includes a sweep of $165 million from the State LIHEAP Supplemental Fund, leaving senior citizens, persons with disabilities and families with children without vital utilities. The Illinois Association of Community Action Agencies (IACAA) implores Illinois elected officials to intervene in this Morris Herald-News op-ed.
When it comes to decisions about where and how to live during retirement, there is no one-size-fits all approach. A recent study by Merrill Lynch revealed that only half of retirees choose to downsize. What other options are out there? The Mainstreet Organization of REALTORS (MORe) recently reviewed retirement housing options in this Daily Herald article.
Our vision can be a remarkable thing, especially when it plays tricks on us.
Sepideh Omidghaemi, a doctoral student at the Illinois College of Optometry (ICO), teamed with her twin sister Saeideh Omidghaemi to create a painting in “reverse perspective.” Watch how the sisters merged science and art to create a mind-bending optical illusion.
Anyone participating in the Chicagoland housing market of late knows inventory is tight almost everywhere. Suburbs such as Cicero only have enough homes to satisfy 1.8 months’ worth of demand – well below the six month inventory of a balanced market.
So where is inventory the lowest, and why? MORe REALTORS tell Crain’s Chicago Real Estate Daily.
The Tri-Cities housing market continues to improve overall, according to new data released by the Mainstreet Organization of Realtors (MORe). Year-over-year comparisons show an increase in traditional home sales and a decrease in short sales in 2015. “It’s been a really good start to the year,” said Debora McKay, MORe member and broker at Coldwell Baker in St. Charles, Ill. [Read more]
The Illinois Health Services and Facilities Review Board voted unanimously to approve a Certificate of Need (CON) application for St. Elizabeth’s Hospital in Belleville, Ill., at its April 2015 meeting. The CON approval is the first step in St. Elizabeth’s plan to construct a new medical campus central to the Metro East region. Read more about St. Elizabeth’s approval process in the St. Louis Business Journal.