Archive for October 2011

From Dream to Disrepair to Dream again.

October 31, 2011

It’s here! CNN Money visited MACK early this month and the feature piece can be seen by clicking on the logo.  CNN’s piece centers on the amazing life cycle of a foreclosure. The property starts off being the culmination of the American for a family, unfortunate events happen in their lives, the home goes into disrepair, and significantly impacts other owners in the neighborhood and the community. A company like MACK then takes over the property, brings it back up to new construction standards, fills it with our A quality tenants, and again the home becomes the culmination of a dream as opposed to an eyesore. Enjoy and please feel free to share!

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Northern Illinois Real Estate Magazine sits down with MACK

October 25, 2011

Northern Illinois Real Estate Magazine sat down with real estate developer, James “Mack” McClelland, founder of MACK Companies to glean some insight into the process of developing bank-owned properties.

See Cover Page and Read The Article Here

More Homes Become Rentals, Census Says

October 24, 2011
Daily Real Estate News | Tuesday, May 31, 2011

House for RentNearly 35 percent of occupied homes were rented in 2010, which is an increase of 33.8 percent from 2000, according to a USA Today analysis of U.S. Census data of more than 500 midsize and large cities.

Since the peak of the housing market in 2006, the number of renter households has grown — on average, by 692,000 a year — while the number of owner households is shrinking–on average, by 201,000 a year, according to the Census data.

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Rental Market Emerges as Housing’s Bright Spot

October 24, 2011
Daily Real Estate News | Tuesday, October 18, 2011

“With rental demand rising and apartment economics improving, the multifamily sector is a positive signal for the U.S. housing industry,” writes Frank Nothaft, Freddie Mac’s Chief Economist, in the October 2011 U.S. Economic and Housing Market Outlook.

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Investors See Bigger Profits From Rising Rents

October 24, 2011
Daily Real Estate News | Friday, October 21, 2011

Rental demand and prices continue to soar, and investors are cashing in. Rents are rising at a 5.17 percent annual rate — up from last year’s 4.72 percent rate. If rents continue to grow at their current pace, they won’t be too far behind the record-high reached in 2000 of 6.18 percent, according to Axiometrics Inc.

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Chicago Tribune profile of MACK Companies

October 13, 2011

MACK Companies inspecting a homeThe Tribune’s Money and Real Estate section interviewed the founder of MACK Companies James McClelland on the business of investment properties and community development.  The entire article can be viewed here:  http://www.chicagotribune.com/classified/realestate/foreclosure/ct-mre-1002-umberger-foreclosure-20110930,0,2739296.column

MACK sits down with Multi-Family Executive Magazine

October 13, 2011

MACK Companies McClellandMACK Companies CEO James McClelland discusses the impact of shadow inventory and property management with one of the industry’s premier publications.  The entire article can be viewed here:  http://www.multifamilyexecutive.com/single-family/interview-with-mack-cos-ceo-james-mcclelland.aspx?printerfriendly=true