MRED Blog
REinventing MLS
Historic Mortgage Rates by Decade [Infographic]
Infographic via KCM Blog
MRED and dynaConnections Sign Agreement to Continue Their Decade-Long Partnership
LISLE, ILLINOIS (August 12, 2014) – dynaConnections Corp., leading provider of the innovative connectMLS multiple listing service solution, signed a multi-year renewal agreement on Thursday, July 31 to provide connectMLS to Midwest Real Estate Data LLC (MRED). After celebrating ten years of partnership with MRED in December 2013, dynaConnections will continue to provide connectMLS for another complete term. connectMLS is a fully customizable MLS solution that offers a rich set of intuitive features and tools, such as all-in-one transaction management and embedded fill-able Forms, and is compatible on any web browser, platform, and mobile device.
“Our mission is to provide the very best MLS to our customers,” said Jeff Gregory, Chairman of the Board for MRED. “We have succeeded thanks in large part to dynaConnections, whose staff has been relentless in delivering an MLS solution that is unsurpassed in the industry. In fact, connectMLS has been the top-rated MLS system in the country for two years running according to the WAV Group MLS Technology Survey. Their customer service and responsiveness to our staff is top-notch. We are thrilled to continue this great relationship with Tim Ford and his staff.”
Ford, CEO of dynaConnections echoed the sentiment by explaining, “We’re glad to continue serving and working with MRED. Their staff and membership share our constant push for innovation, and embrace our drive to surpass what the real estate industry expects of its MLS solution provider. We look forward to seeing what new achievements we can reach together.”
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 for two years running according to the WAV Group MLS Technology Survey. MRED is the 2013 Inman News Most Innovative MLS/Real Estate Trade Association, and for four consecutive years the MRED Help Desk has been identified as one of the best small business centers in the United States and Canada by BenchmarkPortal. For more information please visit MREDLLC.com.
About dynaConnections Corporation and connectMLS™
dynaConnections Corporation is an Austin-based real estate software company that is renowned for constant innovation and dedication to service. Its flagship product, connectMLS™, is a patent-pending, one-of-a-kind multiple listing service solution that is second to none with millisecond response time and ease of access on all devices and web browsers. Rich embedded features and seamless integrations allow connectMLS to be an intuitive, all-in-one real estate transaction manager for both agents and clients. For over thirteen years, dynaConnections and the connectMLS solution have been continually exceeding all standards of what the real estate industry expects from an MLS provider. For more information, visit: http://www.dynaconnections.com.
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dynaConnections and connectMLS are registered trademarks of dynaConnections Corporation. All other company and product names may be trademarks of the respective companies with which they are associated.
MRED Chicagoland Report for June, 2014
Housing seemed to have a slow start to the spring selling season, but appearances deceive. Dig into that spring soil and you begin to unearth differences in individual areas and market segments. Inventory is slowly rising in some areas. Activity is picking up in the upper price tiers. Rents continue to climb in most metros. And interest rates are generally lower than a year ago, to the surprise of some and the delight of others.
New Listings in Chicagoland were up 14.3 percent for detached homes and 12.2 percent for attached properties. Listings Under Contract increased 12.1 percent for detached homes and 8.7 percent for attached properties.
The Median Sales Price was up 4.7 percent to $225,000 for detached homes and 12.5 percent to $180,000 for attached properties. Months Supply of Inventory decreased 4.6 percent for detached units and 14.5 percent for attached units.
Housing is one part of a broader ecosystem that thrives on a strong economy that churns out good jobs. First-quarter employment figures were adequate but not thrilling, but second-quarter numbers figure to be more positive. Access to mortgage capital remains an ongoing concern. As cash and investor deals fade, first-time buyers typically step to the forefront, but tight credit can and has been a real hurdle.
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. MRED’s June Market Statistics package will be posted today.
Any questions? Please contact MRED’s Help Desk at 630-955-2755 or help.desk@mredllc.com.
2014 Profile of International Home Buying Activity [Infographic]
Infographic via realtor.org
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