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MRED Bringing The Real Estate World Back to MREDpalooza

Top MLS Industry Service Providers Coming Back to the
Chicagoland MLS’s Biennial Tech/Training Expo

LISLE, ILLINOIS (March 30, 2015) – Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), has announced that it is time again for MREDpalooza!

MREDpalooza 2015, one of the largest MLS tech expos in the country, will be taking place on Tuesday, June 23, 2015, at the Donald E. Stephens Convention Center in Rosemont, Illinois, from 9:00 a.m. to 4:00 p.m.

Providing services to nearly 40,000 brokers and appraisers and 8,000 offices, 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. MREDpalooza 2015 will be a great opportunity for MRED customers to get up close and personal with a myriad of real estate service providers. The environment will be conducive to learning about MRED products and services and other ways to enhance their businesses.

MRED is planning to repeat the success of the last MREDpalooza, which had several thousand attendees and the top real estate vendors in the country attending. Training sessions will be offered throughout the day, providing more in-depth understanding of many of MRED’s products and services. Those wishing to attend or exhibit at MREDpalooza have been asked to visit www.MREDpalooza.com for registration and sponsorship information.

“It is exciting to stage an event of this magnitude that will benefit all attendees – our customers as well as our important business partners,” said MRED President and CEO Rebecca Jensen. “The opportunity to gain a deeper understanding of all these great products and services, at an excellent and easily accessible venue, will be invaluable to the real estate professional. Our product partners and other participants will enjoy maximum exposure to thousands of brokers and appraisers. This will be the real estate technology event of the year.”

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.

NAR’s Existing Home Sales Report [Infographic]

MRED Chicagoland Report for February, 2015

There has been talk of abundant cold and snow this winter (unless you happen to live in California!). When weather patterns turn bad, like wicked bad, real estate industry pundits tend to go gloom, assuming that Americans hungry for homeownership are bothered by a little frozen precipitation. The nation will unfreeze, inventory is expected to rise and home sales are widely expected to increase. These are good times, indeed, and many of us now have an enchanting shared experience that we can walk uphill to school both ways.

New Listings in Chicagoland were up 12.6 percent for detached homes and 7.0 percent for attached properties. Listings Under Contract increased 34.3 percent for detached homes and 15.8 percent for attached properties.

The Median Sales Price was up 9.4 percent to $175,000 for detached homes and 20.6 percent to $155,000 for attached properties. Months Supply of Inventory decreased 2.8 percent for detached units and 6.2 percent for attached units.

In national financial news, rumors that Fannie Mae and Freddie Mac could one day be a thing of the past have people wondering about the future of the 30-year fixed-rate mortgage. But let’s not sound the alarm just yet. A drastic change to lending’s gold standard is certainly not on the immediate horizon. Meanwhile, Federal Reserve Chair Janet Yellen seems to have no immediate interest in raising interest rates for the first time since 2006. The economy remains stable, which should keep housing rolling through the short-named months.

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.

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

NAR’s Existing Home Sales Report [Infographic]

A Snapshot of Homebuyers [Infographic]

MRED’s New President/Chief Executive Officer Takes the Helm

Rebecca Jensen Assumes Leadership of the Chicagoland MLS Giant

RJ-3LISLE, ILLINOIS (March 10, 2015) – Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), announced that Rebecca Jensen has officially started as MRED’s President/Chief Executive Officer. She arrived on Monday, March 2nd, moving to MRED from another of the large MLSs in the country, UtahRealEstate.com.

Ms. Jensen hit the ground running. Many significant issues are affecting the MLS industry currently, most significant being the distribution of listing content to third party websites like Zillow and Trulia and the role MLSs will continue to play in listing syndication going forward. However, initially much of Ms. Jensen’s time will be spent getting to know MRED, its staff and existing culture.

“MRED has been and will continue to be a finely-tuned operation,” said Ms. Jensen. “We are all grateful to Jeff Gregory for the great work he did stepping in the last eight months as MRED’s Interim President/CEO. Now, it is my turn at the helm, and I cannot express the level of excitement I have at starting one of the dream jobs in our industry.”

“Even in the short time we have interacted with Rebecca, our Board could not be more pleased that she is our new Leader,” said MRED Chairman of the Board, Jeff Gregory. “After conducting an exhaustive national search, we are filled with anticipation regarding where MRED is going and thrilled that Rebecca is our President/CEO.”

“There are many challenges ahead,” added Ms. Jensen, “but I am extremely confident we can work closely with our brokerages, appraisal offices and Realtor® Association partners to make great progress and tackle the tough issues together.”

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.

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