MRED Blog
REinventing MLS
MRED’S APRIL 2013 MONTHLY MARKET REPORT
The S&P/Case-Shiller Home Price Index recently showed that home prices in 20 major metropolitan areas had increased at the strongest pace since the bubble years. At long last, major national indices are telling the story that local MLS data users have known for months or even years. Yes, the housing market is recovering. The recovery varies by geography and market segment, but things are certainly better than they have been and are showing no signs of letting up.
New Listings in Chicagoland were up 11.0 percent for detached homes and 8.6 percent for attached properties. Listings Under Contract increased 47.5 percent for detached homes and 57.1 percent for attached properties.
The Median Sales Price was up 7.8 percent to $180,000 for detached homes and 6.3 percent to $138,200 for attached properties. Months Supply of Inventory decreased 48.1 percent for detached units and 61.8 percent for attached units.
The prickliest thorns in our collective side are still lack of inventory and subdued listing activity. In some neighborhoods, consumers have 50 or 60 percent fewer options from which to choose than they did a few years ago. That’s causing bidding wars in popular areas. Despite the competitive landscape for buyers, housing remains one of the brightest lights in an otherwise subdued economic recovery.
Want to see the numbers? Click HERE to go the Statistics home page on MREDLLC.com and start digging in.
All Indications “Point” to MREDpalooza Being a Great Success
Point2 Joins with MLS Industry Heavyweights for Major Event
Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), has announced that Point2 is sponsoring and attending MREDpalooza as a ZAP! level Sponsor.
Point2 provides real estate marketing and lead management software to brokers and agents in North and South America, Europe, Asia, Australia and Africa, as well as listing data aggregation and syndication solutions to real estate multiple listing services in the United States, and Boards and Associations across Canada. Point2’s solutions also include the consumer real estate listings portal, Point2 Homes, in addition to property management software for small to medium size organizations managing up to 1000 units.
Real Estate Digital (RED), another Zap! level sponsor, will be unveiling its line of MRED SelectSites, state-of-the-art agent and broker websites, at MREDpalooza. RED is a leading provider of integrated technology, media and data solutions to real estate franchisors, brokerages, agents, MLSs and Realtor® associations.
In addition to having booths at MREDpalooza, both Point2 and RED will be demonstrating and explaining their full lines of products throughout the day in their own private training rooms.
”Point2 is excited to be participating in MREDpalooza,” said Saul Klein, Industry Principal of Point2. “MRED is recognized as an industry leader and the quality of their programs always exceed expectations. You’ll kick yourself if you miss this one.”
“We are thrilled to be part of MREDpalooza this year, which promises to be Chicago’s tech event of the year,” said John Hensley, Chief Product & Technology Officer of Real Estate Digital (RED). “There’s no better place to launch the MRED SelectSites web platform than at this premier event!”
Market Leader has also joined the MREDpalooza sponsorship lineup. Market Leader is a real estate software company providing a full suite of solutions from lead generation to customer relationship management.
“Not to sound too over the top, but we have been astounded by the reaction of the real estate industry to MREDpalooza,” said MRED CEO Russ Bergeron. “Clearly vendors and MRED customers alike see MREDpalooza for the wonderful opportunity it is, and we’re looking forward to seeing everybody at the Stephens Convention Center in Rosemont on June 18th.”
MRED has a few sponsorship and exhibiting opportunities left, and encourages anybody 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 Point 2, 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.
Expert Advice Does Not Mean Perfect Advice
Don’t be afr
aid of those two words-expert advice. Remember:
- An expert doesn’t mean you’re going to give perfect advice.
- An expert means you’re going to give excellent advice.
Read the full article via the KCM Blog to learn more.
DocuSign Acquires Cartavi
DocuSign partners with Cartavi to simplify real estate transactions.
DocuSign, the Global Standard for eSignature, announced that it has acquired Cartavi, a leading provider of collaboration services for real estate transactions. This combination, along with a deeper integration with existing partner, zipLogix, will allow users to easily and securely manage end-to-end real estate transactions anytime, anywhere, on any device – complete with forms, collaboration and eSignature in one.
“Our real estate customers want a comprehensive and easy-to-use solution for managing transactions from listing to handing off the keys,” Keith Krach, chairman and CEO of DocuSign, said. “Combining Cartavi’s technology and zipLogix’s dominant forms management with DocuSign’s eSignature solution advances our leadership in real estate by futher streamlining transactions to make it easier, faster and more convenient than ever to complete deals.”
DocuSign’s acquisition of Cartavi comes after an 18-month strategic partnership where the companies developed joint solutions to help real estate professionals accelerate speed to results, reduce costs and please clients. DocuSign’s longer partnership with zipLogix builds upon an existing eight-year integration where zipLogix customers have been able to DocuSign directly from zipForm. Now, customers will be able to use all three industry-leading products in combination over the web, on tablets, and mobile phones. Further integration is planned to make it even easier for all parties involved in real estate transactions to close deals faster.
“Our mission when we established Cartavi was to fundamentally improve outdated and hard-to-use real estate transaction management technology,” Glenn Shimkus, Cartavi CEO and co-founder, said. “We simplified the experience by taking a cloud-based mobile-first approach that supports the busy, on-the-go lifestyle of real estate professionals and the tremendous complexity of their transactions.”
DocuSign and Cartavi will continue to operate within their existing office spaces while collaborating with zipLogix on further integration of their solutions. Cartavi will officially change its name to Cartavi, A DocuSign Company. The terms of the acquisition were not disclosed.
Article via Chicago Agent Magazine
100 Million Online Consumers to Attend MREDpalooza
Top Real Estate Websites On Board For Huge Summer Event
LISLE, ILLINOIS (May 6, 2013) – Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), has announced that national home search websites Zillow, realtor.com, and Homes.com are sponsoring and attending MREDpalooza, the largest free real estate tech expo in the country. Zillow and realtor.com are ZAP! level sponsors, and Homes.com is a ZOINK! level sponsor. They join Trulia.com, which MRED earlier announced as a POW! sponsor, MREDpalooza’s highest level of sponsorship.
Also sponsoring at the ZOINK! Level and attending are mega real estate brokerages Coldwell Banker Residential and Baird & Warner. Each has a significant presence in the Chicagoland real estate market with their own web-based home search tools. Combining the number of visitors to each of these major player’s websites delivers over 100 million consumers every month.
“We are pleased to participate as a sponsor of MREDpalooza and looking forward to seeing many MRED members at this event,” said Susan Young, Senior Manager of realtor.com, Industry Relations. “We will demonstrate the many free realtor.com benefits that they will want to use, especially the new Find application. MRED members will want to take full advantage of this free research tool when it becomes available to them next week.
“Zillow is the leading home and real estate-related marketplace on mobile and the Web, dedicated to helping home shoppers, sellers and renters find vital information about homes, and connect with the best local professionals,” said Chris Crocker, Vice-President of Partner Relations for Zillow. “We are excited to be a sponsor of MREDpalooza and showcase our newest suite of tools to help real estate agents attract and retain new and current clients.”
“Coldwell Banker Residential Brokerage is proud to partner with MRED and sponsor MREDpalooza,” said Fran Broude, President and Chief Operating Officer of Coldwell Banker Residential. “In one of the most rapidly changing eras of real estate technology, tools and training, an event such as this championed by one of the most forward thinking MLS organizations in the country is exactly what all Chicagoland real estate agents need.”
“We’re pleased to support MRED in its efforts to provide a continued focus on technology,” said Jennifer Alter Warden, President of Residential Sales for Baird & Warner. “We’re especially excited for this opportunity to introduce our suite of innovative tools that enable broker associates to work whenever, wherever and however they want.”
“We are thrilled that all of the major players in real estate share our conviction that MREDpalooza is the place to be this June” said MRED CEO Russ Bergeron. “MRED customers are going to have the opportunity to meet, be trained by, and learn about the greatest real estate organizations and tools in the business. MREDpalooza is officially a ‘can’t miss’ event.”
MRED still has a few sponsorship and exhibiting opportunities available. 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 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.
Gallup: Latest Data on Homeownership [Infographic]
The Top 5 Reasons People Buy via KCM Blog
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