Local News

Real estate news in Chicago

Illinois inventory reaches 16-year low while city sales increase

In February, housing inventory in Illinois hit its lowest since 2008, according to new data from Illinois REALTORS®. That’s the year the association began tracking the data.

Chicagoans reject real estate transfer tax changes

If approved, the transfer tax would have increased on transactions worth $1 million or more.

BOMA/Chicago files appeal with state Supreme Court to block transfer tax referendum

The referendum which asks voters to weigh in on proposed transfer tax changes will be considered in the upcoming election, after a March 6 ruling by Illinois’ Appellate Court. Now, BOMA/Chicago is challenging that decision.

The MG Group joins COMPASS after nearly 20 years at BHHS Chicago

The MG Group, led by Mario Greco, is leaving Berkshire Hathaway HomeServices Chicago after nearly 20 years.

Chicago’s real estate transfer tax referendum is back on; CAR says vote ‘no’

After a decision by the Illinois Appellate Court, the transfer tax referendum will be counted on the March 19 ballot. Realtor associations are encouraging their bases to vote “no.”

‘Octagonal’ homes are the most desired in Chicago

According to Zillow scrolling, octagonal homes are the most popular style in the United States — and that holds true in Chicago.

RE/MAX Next now part of RE/MAX Premier

RE/MAX Next has integrated into RE/MAX Premier, a union which leaves the firm as Chicago’s No. 1 RE/MAX agency based on combined sales.

Judge removes Chicago real estate transfer tax referendum from March ballot

The proposal was a centerpiece of Mayor Brandon Johnson’s plan to generate money to combat homelessness.

Illinois home sales are up despite low inventory

Despite sparse inventory, statewide home sales were up year over year during January, according to new data from Illinois REALTORS®.

Chicago’s ‘most’ — and ‘least’ — expensive ZIP codes may surprise you

Comparing each ZIP code’s median home price to its median household income presents a surprising picture of Chicago real estate.

Chicago No. 2 in the nation for net migration among Gen Zers

In 2022, the top net migration cities among Gen Zers were Washington, D.C., Chicago and Boston. 

Luxury home prices hit all-time high; record number cash sales recorded

Redfin points to surge in prices, new luxury listings and a boost in sales as affluent homebuyers and sellers show increased activity.

Welcome to the second annual Who’s Who in Lake Geneva Residential Real Estate

This special edition showcases the top professionals in the residential real estate market — the agents and loan officers who elevate each transaction so every client can relax.

What a $100,000 salary gets you in Chicago

What does a $100,000 salary get you in Chicago these days? Not much, according to new research from GOBankingRates.

Daniel Goodwin, who built up Inland Real Estate Group, dead at 80

Daniel Goodwin, chairman and CEO of Inland Real Estate Group, died on Jan. 19, following respiratory issues which led to pneumonia. He was 80 years old.

Chicago home sales increased 6.8%, year over year, in December

As inventory remained tight, both annual and December home sales were down at the end of 2023, according to a new report from the Chicago Association of REALTORS®.

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