MRED Blog

REinventing MLS

RESAAS Brings Social Networking Super Powers to MREDpalooza

Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), has announced that RESAAS is sponsoring and attending MREDpalooza as a ZAP! level Sponsor.

RESAAS provides a social network designed to allow real-time updating of property listings as well as the ability to sync with social media sites such as Facebook (NASDAQ:FB) and Twitter.  Known as “real estate broadcasts”, RESAAS’s reblast engine automatically generates all of an agency’s real estate workflow into social content that is instantly pushed out to the RESAAS platform and other social networks.

Those registered to attend MREDpalooza will be given RESAAS profile pages and will be networked together into a private MREDpalooza group to communicate, network and share information during the live event.  In addition to having a booth at MREDpalooza, RESAAS will be introducing its real estate social network and profile pages in training classes throughout the day.

dynaConnections, ListHub, agileTel and Top Producer Systems have also joined the MREDpalooza sponsorship lineup.

“RESAAS is excited to be participating in MREDpalooza not only as a ZAP! level Sponsor but with the ability to provide all event attendees with a real estate focused social network to communicate on the day of the event,” said Danielle Sissons, Director of Corporate Communications at RESAAS. “This is RESAAS’s first exposure into the Chicago market and we look forward to participating in this MLS-hosted real estate tech expo.”

“Consistent with our mission at MRED and the vision of MREDpalooza, we are thrilled to bring RESAAS into the fold as a major sponsor and integral part of MREDpalooza,” said MRED CEO Russ Bergeron. “I’m excited to give our attendees an innovative way to freely network and communicate during the event.”

MRED has only a few sponsorship and exhibiting opportunities left, and encourages those interested to get in touch as soon as possible.  All MREDpalooza participants will enjoy significant interaction with thousands of MRED’s customers.

About MREDpalooza

MREDpalooza is the largest free real estate tech expo in the country.  Taking place Tuesday, June 18, 2013, from 9:00 a.m. to 4:00 p.m. at the Donald E. Stephens Convention Center in Rosemont, Illinois, MREDpalooza will be a great opportunity for MRED’s customers to learn, at no cost,  about a myriad of real estate products and services to enhance their businesses.

MRED is planning for several thousand attendees and scores of vendors, many of whom, like RESAAS, have already committed to attending.  Training sessions and demos will be offered throughout the day, providing more in-depth understanding of many of the products and services.  Those wishing to attend or exhibit at MREDpalooza are asked to visit MREDpalooza.com for free registration and sponsorship information.

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 per the latest WAV Group MLS Technology Survey.  For more information please visit MREDLLC.com.

Top 5 Chicago Brokerages Increased Sales From Last Year

New Home Sales for April Show Promise for Housing Market Recovery

New home sales in April increased from last March and exceeded economists’ expectations

new-home-sales-april-2013

New home sales for the month of April were at a seasonally adjusted annual rate of 454,000, up 10,000 from last March, according to the latest Census Bureau report. Financial blog Calculated Risk mentions that this number exceeded the expectations of economists, which was believed to be a seasonally adjusted rate of 425,000.

Read the full article from Chicago Agent Magazine

A Real Estate Conversation [Infographic]

Mortgage Rates Projected to Increase

The Mortgage Bankers Association, Fannie Mae and the National Association of Realtors have all projected that the 30-year mortgage rate will be at least 4% by the end of 2013. If we assume that rates will still be at 4% in twelve months, here is the difference a buyer will pay if they wait.

Mortgage

Article via KCM Blog

RealtyTrac: U.S. Foreclosures Down in April

Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 144,790 U.S. properties in April, a decrease of 5 percent from the previous month and down 23 percent from April 2012, according to the RealtyTrac® April 2013 U.S. Foreclosure Market Report™. Total foreclosure activity also hit its lowest level since February 2007.

The report also shows one in every 905 U.S. housing units with a foreclosure filing during the month. Other high-level findings from the report:

  • Scheduled judicial foreclosure auctions (NFS) increased 22 percent from March to April and were up 31 percent from a year ago to the highest level since October 2010 — a 30-month high.
  • Scheduled non-judicial foreclosure auctions (NTS) in April were down 7 percent from March and down 43 percent from April 2012 to the lowest level since December 2005 — an 88-month low.
  • A total of 70,133 U.S. properties started the foreclosure process in April, down 4 percent from the previous month and down 28 percent from a year ago.
  • Lenders repossessed 34,997 U.S. properties in April, down 20 percent from March and down 32 percent from April 2012 to the lowest level since July 2007 — a 69-month low.
  • As of the beginning of May, A total of 11.3 million mortgages nationwide were seriously underwater, meaning combined amount of mortgages secured by the home was at least 25 percent more than the estimated value of the home. That represented 26 percent of all outstanding mortgages, but was down nearly 1.5 million from the 12.8 million seriously underwater mortgages in May 2012.
  • Illinois foreclosure activity decreased 12 percent monthly and was down 17 percent annually, but the state still posted the nation’s fourth highest foreclosure rate: one in every 501 housing units with a foreclosure filing.
  • Chicago was number 10 on the list of metro areas with the highest foreclosure rates (one in every 389 housing units).

Article via Chicago Real Estate Forum