MRED Blog
REinventing MLS
Where Are House Prices Headed?
A sampling of predictions on The KCM Blog – http://bit.ly/St6Lou
We are often asked where we think home prices are headed over the next year. Recently, several groups have stepped forward and given their projections as to what level of appreciation we can expect by the end of 2013. Here is what they said:
- Demand Institute Study: 1.75% appreciation
- Urban Land Institute: 2%
- Home Price Expectation Survey: 2.44%
- National Assoc of Business Economists: 2.8%
- Wall Street Journal’s Survey of Economists: 3.25%
All five groups are calling for home values to rise through the end of next year. However, none are projecting that we will hit historic annual appreciation levels (3.6%) that existed prior to the housing bubble.
MRED Presents Midwest Homes Agent Branded IDX Search App
Check out MRED’s latest web cast – it’s on the Midwest Homes™ Agent Branded IDX Search App:
Donate to NAR’s Relief Efforts
NAR is collecting donations to assist those affected by Hurricane Sandy. Click HERE to make a donation.
Should you have further queries, you can contact NAR at 800-874-6500
The Yin & Yang of Inbound Marketing
Are you leveraging both social media and search in your inbound marketing efforts? Read about the correlation between Social Media and search in this post HERE. This infographic provided by InvestmentPal Blog.
Chicago Sales Breakdown
Take a look at this infographic showing the share of sales that were distressed in the Chicago area between January and September of this year from Dennis Rodkin (@dealestate)
MRED CEO Elected to 2013 RESO Board of Directors
Chicagoland MLS Giant Is First Charter Member
of the Real Estate Standards Organization
LISLE, IL–(Marketwire – Oct 30, 2012) – Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), has announced that its Chief Executive Officer Russ Bergeron has been elected to the 2013 Board of Directors of the Real Estate Standards Organization (RESO).
RESO is a group of real estate organizations working together to develop and implement data standards and processes that support innovation, ensure portability, eliminate redundancies and obtain maximum efficiencies for all parties participating in the real estate transaction. RESO’s ultimate goal is a fully automated real estate transaction facilitated by data standards and processes accepted by real estate professionals everywhere.
The Real Estate Transaction Standard (RETS) is a common language spoken by systems handling real estate information, such as multiple listing services (MLSs). Most of RESO’s work currently involves RETS and data definitions to be utilized within RETS. Standardization of data fields and ease of portability of data are of the highest priority to MRED and other MLSs for efficiency of data delivery and the minimizing of expense related to these activities.
“MRED has demonstrated its commitment to RESO and the work it is doing to create accepted data standards and processes by being its first Charter Member,” said Bergeron. “I am thrilled to be elected to the RESO Board of Directors and look forward to directly supporting its very worthy mission and initiatives.”
In addition to the 2013 RESO Board, Bergeron was recently elected to serve on the Council of Multiple Listing Services (CMLS) Board. “It is important that MRED has a ‘seat at the table’ and participates in organizations shaping the future of real estate, like RESO and CMLS,” added Bergeron. “It is gratifying personally that I have been given the opportunity to extend MRED’s influence throughout the real estate industry.”
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, agents 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. For more information, visit www.MREDLLC.com.
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