MRED Blog
REinventing MLS
MRED CEO Russ Bergeron Is Panel Participant on MLS of Tomorrow at Inman Real Estate Connect Conference
Will Be Addressing How MLSs Can Swim in Uncharted Real Estate Waters
LISLE, IL–(Marketwire – Aug 1, 2012) – Midwest Real Estate Data (MRED) (www.mredllc.com), the Chicagoland multiple listing service (MLS), has announced that its CEO, Russ Bergeron, will be a panelist at Inman News’ upcoming Real Estate Connect Conference in San Francisco. This industry leading conference attracts the real estate industry’s most influential leaders, decision makers, innovators and experts, and will be taking place August 1st – 3rd, 2012.
Bergeron will be participating in a session called “Updating the MLS”, on Thursday, August 2nd. The panel will be discussing what it is going to take to create the MLS of tomorrow, speaking candidly about the technological, legal and business issues that need to be addressed to update outdated practices and to remove some of the limitations facing MLS customers and vendors today.
Bergeron is well qualified to take part on such a panel. He 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 was named one of the nation’s 100 Most Influential Leaders in Real Estate for 2009, 2010 and 2011 by Inman News. Russ currently sits on advisory boards of Realtor.com, Trulia.com, Supra and CoreLogic/Realist®, and was recently appointed to the MLS Domains Association Board of Directors. He is a member of the Illinois Association of Realtors® Strategic Planning Committee and the Realtors® Property Resource User Advisory Council.
“This is a subject close to my heart and always on my mind,” said Bergeron. “I look forward to exchanging thoughts and ideas with my peers and the very best thinkers in the industry. Our mission is to ‘reinvent MLS,’ so I am very comfortable participating on such a panel and addressing what I feel are the most critical issues facing MLSs and real estate professionals in general.”
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.
Daily Morning Roundup – July 19, 2012
Here are some of the top real estate posts on the social networking sites this morning:
Survey Shows Americans Are Increasingly Confident About Homeownership – http://t.co/X8btcC7t
Illinois June home sales up 18% from a year ago; median prices post year-over-year increases – http://t.co/CvFWzCPf
Low low low 30-yr fixed-rate mortgage avg 3.53%; 15-yr avg 2.83%. Tables: http://t.co/umgfqBgE
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Daily Morning Roundup – July 18, 2012
Here are some of the top real estate posts on the social networking sites this morning:
Homeownership: The American Dream – http://t.co/rTwun1m4
CB RE and Onboard Informatics provide the National Top 10 Markets for Social Seekers – #3 being . . . http://t.co/kmcNLx9f
Housing Starts Rise at Fastest Pace in Three Years – http://t.co/1wxNzQiR
Check out the MRED Blog – our June 2012 Market Report posted – http://t.co/KgvJYm6r
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June 2012 Monthly Market Report
We’re halfway through 2012, and what a year it’s been. Residential real estate has finally taken some meaningful strides toward recovery, and they’ve all been self-powered without divine (or governmental) intervention. Yes, there have been some head fakes in the past, but there’s real reason to believe that market turnaround awaits us. Beyond home prices, key metrics to watch include Days on Market, Percent of List Price Received and Months Supply of Inventory. Locally, several indicators showed improvement. Let’s see what the rest of our local data has to say.
New Listings in Chicagoland were down 0.7 percent for detached homes and 10.0 percent for attached properties. Listings Under Contract increased 52.2 percent for detached homes and 65.4 percent for attached properties.
The Median Sales Price was up 2.4 percent to $194,500 for detached homes but decreased 6.5 percent to $140,175 for attached properties. Months Supply of Inventory decreased 40.9 percent for detached units and 54.8 percent for attached units.
We seem to be at a critical inflection point in our attempts to spur more hiring. Job growth provides the dual benefit of stimulating new household growth as well as relieving distressed homeowners. There’s also the positive feedback loop of housing creating jobs and jobs creating housing. Keeping the affordability picture afloat, the Fed has vowed to keep interest rates around 4.0 percent through mid-2013.
Click HERE to see MRED’s Monthly Indicators Report for June 2012
[NOTE: Residential Detached and Attached single family activity only.]
Click HERE to see MRED’s Lender Mediated Report for June 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.]
Midwest Real Estate Data LLC
Quoted from http://www.facebook.com/MREDLLC:
IARBuzz: Morning Minute – Homebuilder confidence sees biggest jump in nearly a decade – http://bit.ly/Nu0bhJ
Daily Morning Roundup – July 16, 2012
Here are some of the top real estate posts on the social networking sites this morning:
Are Home Prices About to Rise or Fall? From The KCM Blog – http://t.co/HI8oPAMB
Interesting Blog – Game Theory and Real Estate Negotiations – http://t.co/1WCZ2JYy
Chicago to Become One of the Nation’s Most Desirable Cities – http://t.co/a8kDlI9I
Interactive charts show changes in home values over a 3-mth period by zip code: http://t.co/DA0afcPz
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