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Social media, address change and reality tv homes in this week's real estate news

Maureen Wilkey

Writer on real estate from any angle

Here's a round-up of this week in real estate news.

-Real estate agents, as well as the Festival of Homes, are using social media to attract potential buyers This Tribune advertorial helps you use Twitter, YouTube and Facebook to navigate home sales.

-1000 Lakeshore Drive is now 130 W. Oak Street. Residents of the tower are going to miss their LSD address, but postal and emergency employees were tired of going to the wrong building, says this Chicago 77 article.

-The Jersey Shore house is for rent for hundreds of dollars per night  CNN reports that other reality show homes have sold for large sums, including the Real World Chicago house, which is now a gym

-Begravia Group chops prices, sells tons Housing wire reports that the company is reducing prices up to $100,000 in a downtown building and has accounted for 79 percent of new construction sales this year.

-Fed increases discount rate- the increase is small and is likely a response to the potential for inflation.



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