In the first three quarters of 2014, there were 1,675 total units sold at $1 million or more in the Chicago area, which is up 8% over last year. The homes sold with a median sales price of $1,350,000, which is up 3% compared to the same period in 2013.
Re/Max Holdings recorded better-than-expected second-quarter revenue as it continued to grow its pool of real estate agents. The real estate company reported a profit of $4.4 million, or $0.36 a share.
The HW 30 – HousingWire’s exclusive list of mortgage industry and real estate stocks – rose 1.87% by market close on Wednesday as the nation’s top three stock indices fell on news that the U.S. government remained closed.
Layton has over 35 years of experience in financial services and as a corporate leader. He worked for nearly 30 years at JPMorgan Chase and its predecessors, starting as a trainee and rising to vice chairman and member of the three-person Office of the Chairman, retiring in 2004..
"The questions become, ‘Do the courts find a distinction between housing policy and lending, as in whether to make a loan and how you price that loan? Does the government get broader discretion than the private sector?’ ” Andreano said. “It’s not fleshed out.” Read More