The Multiple Listing Service (MLS) is a powerful tool that Realtors use to share information about property. At CONDOChicago.com you can access these listings (over 60,000 in the Chicagoland area) and screen them for type of home, price range and area of the city or suburbs. You can save properties that interest you to a portfolio and configure the settings in User Services to email you when properties that meet your specifications become available. When you see something you like, call or email me. I will set an appointment for you to view the property. It's that simple.






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Federal Reserve Chairman Alan Greenspan in July cited several market-based reasons for strong home-price appreciation, helping to deflate talk that home prices are caught in a speculative bubble. "We've looked at the bubble question and we've concluded that it's most unlikely," Greenspan said in testimony before Congress. Driving forces behind the continuing strong home price appreciation are low interest rates, scarce buildable land, and strong demand fueled by immigration, he said.

Greenspan's remarks came as a growing number of analysts were expressing concern that prices were appreciating too rapidly, with investors turning to housing as a safe haven from the shaky stock market. Nationally, the median home price increased to $163,000 in June up 7.4 percent from the previous June.

In a joint statement following Greenspan's testimony, NAR Chief Economist David Lereah and the chief economist for the National Association of Home Builders, David Seiders, lauded Greenspan's remarks, saying the housing market is fundamentally sound. Lereah said home prices may deflate in some markets, but an industrywide "pop" isn't in the cards.

Reprinted from the September 2002 issue of REALTOR® Magazine by permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2002. All rights reserved.