MRED Blog

REinventing MLS . . .

Monthly Archives: November 2013

MRED Customers Finding Winter Vacation Homes for their Clients

Enabled by MRED’s Growing Stable of MLS Data Co-Op Partners

LISLE, ILLINOIS (November 26, 2013) – Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), announced today that it has reached agreement with twelve other MLSs around the country to jointly participate in the MLS Data Co-Op™ from CoreLogic, recognized worldwide as the premier supplier of U.S. real estate, mortgage, consumer and specialized business data,   As a result, MRED listings have gained significant national exposure, and MRED customers can easily search and view listings and public records from other MLSs around the country.

MRED currently has agreements with the following organizations:

  • Realtor® Association of Citrus County (Florida)
  • Daytona Beach Area Association of Realtors® (Florida)
  • Greater Las Vegas Association of Realtors® (Nevada)
  • Greenville Pitt Association of Realtors® (North Carolina)
  • Houston Association of Realtors® (Texas)
  • My Florida Regional MLS
  • North Carolina Mountains MLS
  • New Smyrna Beach Board of Realtors (Florida)
  • Realcomp (Detroit)
  • Miami Association of Realtors® (Florida)
  • SIRMLS (Illinois)
  • Western Arizona Realtor® Data Exchange

The MLS Data Co-Op is not a public-facing website.  It is reserved for use solely by MLS participants and subscribers, providing access to more detailed listing content and far more data than available on consumer oriented websites.  MRED will continue adding reciprocal access with other MLS partners of the Data Co-Op, focusing on those areas of most interest to Chicagoans.  The MLS Data Co-Op provides MRED customers with the ability to widely market their listings; opens the doorway to expanded referral networks; and enables them to demonstrate their expertise over a larger market footprint.

The MLS Data Co-Op also provides MRED customers with a wealth of information with which to enhance their already powerful real estate database.  Via the Co-Op’s map-centric interface, users can display a myriad of information about each MLS listing on a single screen, and access underlying detailed data with the click of their mouse.  The Co-Op delivers valuable property data and reports such as RealAVM™ valuations, tax and ownership records, listing history, nearby schools, neighborhood data, community demographics, real estate trends, foreclosure information, and more.  The MLS Data Co-Op works with all popular browsers and platforms, and uses a common format for listings across MLSs without sacrificing locally unique data values.

“We are very pleased with the progress made so far in creating this true MLS Data Co-Op,” said MRED CEO Russ Bergeron.  “It is a priority for MRED to enhance our customers’ ability to have access to the best information, increase their business and establish networks with other professionals around the country.  We view the MLS Data Co-Op as one of the most effective ways we can support our brokers and their associates.”

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.  MRED is the 2013 Inman News Most Innovative MLS/Real Estate Trade Association.  For more information please visit MREDLLC.com.

 

Average Days on the Market [Infographic]

Zillow Cities Title

Infographic via KCM Blog

MRED Well Represented in First CMLX Graduation Class

New Designation Awarded to MRED’s CEO and
Director of Communications and Training

Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), announced today that its CEO and its Director of Communications and Training are a part of the first graduation class for the new CMLX designation.

The CMLX designation is offered by the Council of Multiple Listing Services (CMLS).  The CMLX program was developed to produce certified MLS Management specialists who meet specified standards based on continued and ongoing training, mastery of core knowledge and skills, and compliance with competency standards manifested in the knowledge assumptions and skill sets identified by professional peers.  There are three levels of certification within the CMLX designation.  The first class has just completed the curriculum and testing required for the Level 1 certification.

Recognized for obtaining the CMLX Designation at the recent National Association of Realtors® (NAR) meetings in San Francisco were Russ Bergeron, MRED CEO, and Jeff Lasky, MRED Director of Communications and Training.

Bergeron is known throughout the world for his leadership in bringing technological advances to the multiple listing industry. In recognition of his leadership and innovation, he has been named one of the nation’s 100 Most Influential Leaders in Real Estate for the years 2009 through 2013 by Inman News.  Under Russ’ direction, MRED was recognized by Inman News as 2013’s Most Innovative in the MLS or Real Estate Trade Association category.  Prior to joining MRED in 2010, Bergeron was the founding CEO of Southern California Multiple Listing Service (SoCalMLS), a position he held for seventeen years.

Lasky has been in the real estate industry for almost twenty years.  Prior to coming on board with MRED in 2008, he was the Director of Operations for the MAP Multiple Listing Service.  He has worked closely with Bergeron and other MRED staff on great accomplishments this past year, most notably the real estate technology event MREDpalooza.

For a complete list of the first CMLX graduating class, click HERE.

Illinois home sales, prices see continued annual gains in October

The Illinois housing market saw October home sales increase 3.7 percent over previous-year levels and median prices rise 13.8 percent, the Illinois Association of REALTORS® reported today.

Statewide home sales (including single-family homes and condominiums) in October 2013 totaled 12,349 homes sold, up from 11,903 in October 2012.  The statewide median price in October was $153,000, up 13.8 percent from October 2012 when the median price was $134,500. The median is a typical market price where half the homes sold for more and half sold for less.

“The intense demand for housing this year has steadily drawn down the inventory of homes on the market,” said Phil Chiles, ABR, CRS, GRI, SRES, president of the Illinois Association of REALTORS® and Broker-Associate with The Real Estate Group in Springfield. “As a result, homebuyers will often find they are paying more for a home than they did a year ago, and they may have to work harder with a broker to find a home that’s the right fit for them due to the lack of inventory.”

Check out the infographic on “The Highs and Lows of the Illinois Housing Market”

Article via Illinois Association of Realtors

Donate to Help Those in Need

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To help victims of yesterday’s deadly tornadoes,
please send a contribution to
NAR’s REALTORS® Relief Foundation

IAR is requesting that NAR dedicate
funds to help those in need in Illinois

100 percent of all funds collected go to disaster relief causes

SEND A DONATION »

Buying a Home? Consider COST not just Price

We have often talked about the difference between COST and PRICE. As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not about price but instead about the ‘long term cost’ of the home. Let us explain.

Last month, the Mortgage Bankers Association (MBA), the National Association of Realtors, Fannie Mae and Freddie Mac all projected that mortgage interest rates will increase by about one full percentage over the next twelve months. We also know that many experts are calling for home prices to also increase over the next year.

What Does This Mean to a Buyer?

Here is a simple demonstration of what impact an interest rate increase would have on the mortgage payment of a home selling for approximately $250,000 even if home prices don’t increase:

Cost Waiting blog

Purchasing-Impact

Article via KCM Blog