MRED Blog

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A Snapshot of Mortgages [Infographic]

mortgage

Infographic via KCM Blog

MRED’s Era of Cooperation Continues

All of Chicagoland MLS Giant’s Association Partners Renew Relationship

DSCN2558-1LISLE, ILLINOIS (November 20, 2014) – Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), has announced that it has renewed agreements with all twelve (12) of the local Realtor® associations to whom it provides services. Under the new Contract for Services Association agreements (CSAs), MRED will continue to provide MLS and other related products and services to the members of these organizations through at least December, 2017, with options to extend the agreements through December, 2021.

Signatories to these new Agreements include the following Realtor® associations:

  • Belvidere Board of Realtors®
  • Chicago Association of Realtors®
  • Heartland Realtor® Organization
  • HomeTown Association of Realtors®
  • Illini Valley Association of Realtors®
  • Kankakee-Iroquois-Ford Association of Realtors®
  • MainStreet Organization of Realtors®
  • Northern Illinois Commercial Association of Realtors®
  • North Shore – Barrington Association of Realtors®
  • Oak Park Area Association of Realtors®
  • Realtor® Association of the Fox Valley
  • Three Rivers Association of Realtors®

“The Mainstreet Organization of Realtors (MORe) is very pleased to continue the great relationship we have had for many years with MRED,” said Pam Krieter, MORe Chief Executive Officer. “We are proud to be a part of one of the largest and most successful regional MLSs in the country, and now look forward to many more years of continued participation by our brokers.”

“The Heartland Realtor® Organization (HRO) is thrilled to continue to be a part of MRED,” said Jim Haisler, HRO Chief Executive Officer. “It is critical for our members to have access to MRED’s coverage area. We now have in place agreements that insure that HRO and other Illinois associations will enjoy the benefits of being an MRED partner for years to come.”

“MRED has been fortunate to enjoy a great and mutually beneficial relationship with its partner Associations for many years,” said Jeff Gregory, MRED Chairman of the Board. “We are grateful for the execution of our new Contract for Services Association agreements by our partners and celebrate the continuing era of cooperation enjoyed by MRED real estate professionals.”

About MRED

Midwest Real Estate Data (MRED) is the real estate data aggregator and distributor providing the Chicagoland multiple listing service (MLS) to nearly 40,000 brokers and appraisers and 8,000 offices. MRED serves Chicago and the surrounding “collar” counties and provides property information encompassing northern Illinois, southern Wisconsin and northwest Indiana. MRED delivers over twenty products and services to its customers, complementing connectMLS™, the top-rated MLS system in the country for two years running according to the WAV Group MLS Technology Survey. MRED is the 2013 Inman News Most Innovative MLS/Real Estate Trade Association, and for four consecutive years the MRED Help Desk has been identified as one of the best small business centers in the United States and Canada by BenchmarkPortal. For more information please visit MREDLLC.com.

MRED Chicagoland Report for October, 2014

Even while the pace of home price acceleration normalizes, housing has shown recent signs of ongoing strength. Both housing starts and future building permits are on the rise nationally. Inventory levels are increasing in most metro areas, driven higher by rising prices and more confident sellers. Homes are still selling quickly and for close to or even above list price.

New Listings in Chicagoland were up 13.7 percent for detached homes and 4.8 percent for attached properties. Listings Under Contract increased 13.4 percent for detached homes and 6.9 percent for attached properties.

The Median Sales Price was up 3.1 percent to $190,000 for detached homes and 8.4 percent to $157,250 for attached properties. Months Supply of Inventory increased 6.2 percent for detached units but was down 2.2 percent for attached units.

Interest rates remain attractive, even as Federal Reserve banter is finally hinting that quantitative easing is reaching its fateful conclusion. Capital markets have exhibited some volatility, but ultimately it’s all about earnings and growth, and corporate earnings have been encouragingly strong, while private job gains have recently exceeded expectations.

MRED real estate professionals can log into MREDLLC.com and click on the Statistics tab to get the latest Lender Mediated and Monthly Market Indicators Reports.  You can also click on the Local Market Updates choice under the Statistics tab and use our Interactive Market Analytics map for the latest local market metrics.  MRED’s October Market Statistics package will be posted on Thursday, November 20th.

Any questions?  Please contact MRED’s Help Desk at 630-955-2755 or help.desk@MREDLLC.com.

Historic Mortgage Rates by Decade [Infographic]

mortgage rates

Infographic via KCM Blog

Taking the Spooky Out of the Mortgage Process [Infographic]

Taking the "Spooky" Out of the Mortgage Process | Keeping Current Matters

Infographic via KCM Blog

September 2014 Existing-Home Sales [Infographic]

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