MRED Blog

Sales of high-end homes in the Chicago area jumped nearly 15 percent last year, hitting their highest level since 2008. But the luxury sector failed to keep pace with the broader market.

Google and the National Association of Realtors (NAR) collaborated on a study looking at the digital usage of today’s home buyer. The study found that buyers are relying more and more on the Internet as they search for good real estate information:

“Nine in 10 home buyers today rely on the internet as one of their primary research sources, and 52 percent turn to the web as their first step.”

Click HERE to reveal other items the study revealed from the KCM Blog.

Here is an infographic showing the belief in home ownership by age group from the KCM Blog.

Did you know that January is National Radon Action Month?  If not I’m sure you read the post on connectMLS that the new IAR Disclosure of Information on Radon Hazards Form is now available and posted in the Illinois Association of Realtors library of forms in connectMLS .

Click HERE to increase your awareness of the danger of Radon and what can be done

Check out this infographic showing how small cutbacks can lead to great savings in your budget from the KCM Blog

Every year-end housing report revealed that the real estate market is recovering quite nicely.

Existing Home Sales Report

• Total existing-home sales rose 5.9 percent in November over last month
• Sales are 14.5 percent higher than November 2011
• Sales are at the highest level since November 2009
• The national median existing-home price was $180,600 in November, up 10.1 percent from November 2011
• Total housing inventory at the end of November fell to a 4.8-month supply; it was 5.3 months in October, and is the lowest housing supply since September of 2005 when it was 4.6 months

Read the full KCM Blog synopsis HERE