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Category Archives: MRED Communications
Daily Morning Roundup – June 18, 2012
Here are some of the top real estate posts on the social networking sites this morning:
Good way to start the week! 6 of the Smartest Things Ever Said About Getting Stuff Done – http://t.co/BKA9ACjr
Another Positive Report for Real Estate from The KCM Blog – http://t.co/HSBJ8Peu
Oh – oh. Foreclosures Strike Back – http://t.co/jIgzpm8c
What’s the Big Deal about Transaction Management? http://t.co/3xYJ1DIk
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May 2012 Monthly Market Report
Spring has brought both change and clarity to our local market. Some sellers are seeing competing bids on their properties which have led to modest price gains. Buyers have fewer options from which to choose in many submarkets. Headlines and sound bites can often mask regional variability. With fewer distressed properties selling, prices are effectively “melting up” due to less downward pressure. May looked pretty good all around.
New Listings in Chicagoland were down 2.3 percent for detached homes and 10.5 percent for attached properties. Listings Under Contract increased 50.2 percent for detached homes and 64.2 percent for attached properties.
The Median Sales Price was up 3.2 percent to $178,000 for detached homes but decreased 3.4 percent to $140,000 for attached properties. Months Supply of Inventory decreased 40.7 percent for detached units and 53.7 percent for attached units.
In economic news, May’s jobs report was disappointing, and there’s a growing concern about the pace of domestic growth. Last month was also unsettling for investors, prompting some to hunt for better returns in the housing market. This forces other consumers up the price ladder. In politics, the Senate approved a 60-day National Flood Insurance Program extension. But with campaign season upon us, major housing-related bills or policy shifts are unlikely.
Click HERE to see MRED’s Monthly Indicators Report for May 2012
[NOTE: Residential Detached and Attached single family activity only.]
Click HERE to see MRED’s Lender Mediated Report for May 2012
[NOTE: Lender-mediated properties are those marked in MRED as “Foreclosed”, “REO”, “Pre-Foreclosure” or “Short Sale”. Residential Detached and Attached single family activity only.]
National Housing Survey
From our friends at Keeping Current Matters (KCM Blog):
MRED CEO Russ Bergeron on Supporting the MLS Domains Association
Click HERE to read MRED’s CEO Russ Bergeron talk about the importance of the .MLS effort and his becoming a director of the MLS Domains Association.
Daily Morning Roundup – June 13, 2012
Here are some of the top real estate posts on the social networking sites this morning:
Merri Jo Cowen becomes president of MLS Domains Association – http://t.co/gGhfXFBi – Russ Bergeron joins board
Chicago Makes List of Top 10 Cities to Move To – http://t.co/qPYqIiJl
Mortgage Bankers Assn: mort apps jumped 18% last week, highest since May 09 (even accounting 4 Memorial Day)
‘Mad’ About Real Estate? 3 Draper-isms to Keep in Mind – http://t.co/8pVz6YNR
With inventory down, sellers upped asking prices 3.17% in May per NAR. Sellers: don’t push it! http://t.co/VT0ebwhs
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Reverse Your Prospects in connectMLS™!
By: Jessica Ruminski, Training Department Manager
One of the most under-utilized connectMLS™ features is reverse prospecting. Many connectMLS™ users may think that if they use reverse prospecting other REALTORS® will see their clients contact information, but this is not true. You can only view the agent’s business card, not your client’s information.
Reverse prospecting can be used in multiple ways that will make you look like an all-star Realtor®! For example, create a draft listing of a potential seller’s property and then click on reverse prospecting. A list of Realtors® that have set up searches for their buyers and have allowed reverse prospecting on those searches will appear. These potential buyers have searches that match the features you indicated in your draft listing. Use this information in your listing presentation to inform your potential sellers that you have already targeted potential buyers for their property. Why wouldn’t they list with you?
For more ways to use reverse prospecting check out MRED’s online class connectMLS™-Listing Marketing Tools, sign up for a MRED computer lab day or call MRED to schedule a custom office training on reverse prospecting for 10 or more agents in your office!
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