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REinventing MLS . . .

Monthly Archives: May 2013

Home Sales Power Optimism

Prices Rise at Fastest Pace Since 2006, Calming Investor Fears of a Spring Swoon

Home prices in March rose by 10.9% from a year earlier, the largest such gain in nearly seven years, according to the S&P/Case-Shiller an index tracking home prices in 20 U.S. cities. Nick Timiraos has details. Photo: AP.

The housing-market revival—and an accompanying report on consumer confidence—adds new grist for a debate inside the Federal Reserve about how far to push its easy-money policies, including an $85 billion-a-month bond-buying program which has helped to keep mortgage rates near historic lows, boosted asset prices and begun to stimulate hiring and spending.

Read the full article from the Wall Street Journal

RESAAS Brings Social Networking Super Powers to MREDpalooza

Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), has announced that RESAAS is sponsoring and attending MREDpalooza as a ZAP! level Sponsor.

RESAAS provides a social network designed to allow real-time updating of property listings as well as the ability to sync with social media sites such as Facebook (NASDAQ:FB) and Twitter.  Known as “real estate broadcasts”, RESAAS’s reblast engine automatically generates all of an agency’s real estate workflow into social content that is instantly pushed out to the RESAAS platform and other social networks.

Those registered to attend MREDpalooza will be given RESAAS profile pages and will be networked together into a private MREDpalooza group to communicate, network and share information during the live event.  In addition to having a booth at MREDpalooza, RESAAS will be introducing its real estate social network and profile pages in training classes throughout the day.

dynaConnections, ListHub, agileTel and Top Producer Systems have also joined the MREDpalooza sponsorship lineup.

“RESAAS is excited to be participating in MREDpalooza not only as a ZAP! level Sponsor but with the ability to provide all event attendees with a real estate focused social network to communicate on the day of the event,” said Danielle Sissons, Director of Corporate Communications at RESAAS. “This is RESAAS’s first exposure into the Chicago market and we look forward to participating in this MLS-hosted real estate tech expo.”

“Consistent with our mission at MRED and the vision of MREDpalooza, we are thrilled to bring RESAAS into the fold as a major sponsor and integral part of MREDpalooza,” said MRED CEO Russ Bergeron. “I’m excited to give our attendees an innovative way to freely network and communicate during the event.”

MRED has only a few sponsorship and exhibiting opportunities left, and encourages those interested to get in touch as soon as possible.  All MREDpalooza participants will enjoy significant interaction with thousands of MRED’s customers.

About MREDpalooza

MREDpalooza is the largest free real estate tech expo in the country.  Taking place Tuesday, June 18, 2013, from 9:00 a.m. to 4:00 p.m. at the Donald E. Stephens Convention Center in Rosemont, Illinois, MREDpalooza will be a great opportunity for MRED’s customers to learn, at no cost,  about a myriad of real estate products and services to enhance their businesses.

MRED is planning for several thousand attendees and scores of vendors, many of whom, like RESAAS, have already committed to attending.  Training sessions and demos will be offered throughout the day, providing more in-depth understanding of many of the products and services.  Those wishing to attend or exhibit at MREDpalooza are asked to visit MREDpalooza.com for free registration and sponsorship information.

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 per the latest WAV Group MLS Technology Survey.  For more information please visit MREDLLC.com.

Top 5 Chicago Brokerages Increased Sales From Last Year

chicago-brokerages-sales-volume-increase

Combined sales of the biggest Chicago brokerages jumped 27 percent from 2011, according to a report by research and publishing firm, REAL Trends Inc.

Read the full article from Chicago Agent Magazine

New Home Sales for April Show Promise for Housing Market Recovery

New home sales in April increased from last March and exceeded economists’ expectations

new-home-sales-april-2013

New home sales for the month of April were at a seasonally adjusted annual rate of 454,000, up 10,000 from last March, according to the latest Census Bureau report. Financial blog Calculated Risk mentions that this number exceeded the expectations of economists, which was believed to be a seasonally adjusted rate of 425,000.

Read the full article from Chicago Agent Magazine

A Real Estate Conversation [Infographic]

Mortgage Rates Projected to Increase

The Mortgage Bankers Association, Fannie Mae and the National Association of Realtors have all projected that the 30-year mortgage rate will be at least 4% by the end of 2013. If we assume that rates will still be at 4% in twelve months, here is the difference a buyer will pay if they wait.

Mortgage

Article via KCM Blog