MRED Blog
REinventing MLS
Category Archives: MRED Communications
It’s Time for Infosparks
If you like The Thing, you’ll love Infosparks
- Infosparks is now MRED’s default
interactive online market analytics tool - All custom areas that have been created in The Thing
have been moved toInfosparks - The Thing will still be accessible but only via a link in Infosparks
- The Thing is being phased out at the end of June, 2014
- Access Infosparks from the Tools, Resources & Links menu by clicking on the
tools icon (
) in the upper right hand corner of any page of connectMLS
- Infosparksis also accessible from the Additional
Information menu on any listing in connectMLS
DON’T DELAY YOUR TRANSITION TO Infosparks
Any questions? You can always contact the MRED Help Desk at
630-955-2755 or help.desk@mredllc.com
5 Reasons to Hire a Real Estate Professional [Infographic]
Infographic via KCM Blog
![NAR's Existing Home Sales Report [INFOGRAPHIC] | The KCM Crew](https://i0.wp.com/www.keepingcurrentmatters.com/wp-content/uploads/2014/05/Slide113.jpg)
MRED Chicagoland Report for April, 2014
The public has finally grown used to talk of a real estate market in recovery. With prices going up, people are starting to wonder if a new bubble is forming. Most metropolitan markets are somewhere between recovery and normalization. Supply is still tight but improving in some areas. What housing really needs is further job and wage growth to support healthy demand levels fueled by new household formations.
New Listings in Chicagoland were up 11.7 percent for detached homes and 9.6 percent for attached properties. Listings Under Contract increased 10.1 percent for detached homes and 4.5 percent for attached properties.
The Median Sales Price was up 5.6 percent to $190,000 for detached homes and 20.8 percent to $167,250 for attached properties. Months Supply of Inventory decreased 16.5 percent for detached units and 25.8 percent for attached units.
April’s job growth was above expectations. Growth is likely to accelerate through the year, but the types of jobs being created is also important. We’re producing more low-wage jobs as opposed to high-wage jobs. That’s not conducive to increasing the number of potential buyers. It also means less disposable income sloshing around. Even so, some local markets may pause but are unlikely to falter thanks to suppressed supply levels and an improving sales mix. Don’t confuse temporarily weak demand indicators for stagnation.
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.
Any questions? Please contact MRED’s Help Desk at 630-955-2755 or mailto:help.desk@MREDLLC.com.
Americans Believe Real Estate is BEST Long-Term Investment [Infographic]
Infographic via KCM Blog
MRED Blog 