Real Estate 1 history

Harvey was subdivided in 1890 to shelter a population of 25,000, a figure achieved 70 years later.

The profession of real estate broker began around 1900 in the United States.

Inaugurating what would become the most reliable historical index of land values in the nation, George C. Olcott began his annual “Blue Book” of land values in 1910, establishing Chicago as a land value laboratory.

The Mortgage Bankers Association of America (MBAA), created in 1914, was less receptive, fearful of competition from commercial banks and savings and loans to serve the greatly expanded market for home loans.

In 1918, the company created Greater Chicago, the city's largest single subdivision, in Roseland.

Curbstoners and the History of real estate, There were no set rules about who can start working as a real estate broker until 1919.

It all began on Fort Street, Detroit in 1929.

Staunton also set the tone for the company’s innovative ways by making Elsea Realty one of the first brokerages to hire women in the 1930’s.

By 1935, there were enough lots in the region to accommodate a population of 15 million, about three times the population at the time and almost 40 percent more than the population at the end of the century.

New housing programs sponsored by the Federal Housing Authority (FHA) and the Veterans' Administration (VA) were welcomed by the National Association of Home Builders, formed in 1942 to plan for postwar housing needs.

The MBAA relented with the advent of VA loans in 1944 and expanded its membership to commercial banks and savings and loans.

Pettibone worked hard to promote the “write down” formula which was later incorporated in the Illinois Redevelopment Act of 1947.

The completion of the Prudential Building in 1955 opened a new era of skyscraper building in the Loop, topped out at the time by three of the world's tallest buildings.

In 1967, Lewis Manilow built the sister town of Park Forest South, now University Park.

In 1969, Dick negotiated a major deal, merging three well-established firms (Mathers, Stevens and Martin Inc.

NAREB took the name of National Association of Realtors in 1972.

Three years later Capital Title Insurance Agency joined in 1975.

Our family network continued to grow in 1985 with the addition of Relocation American International.

The Real Estate One Charitable Foundation was launched in 2004 and has since raised millions of dollars for local and national charities.

And finally, our HomeSuite was completed in 2013 when Rental Management One was founded to serve the rental property market.