Cover Story

Mortgage market update: Lending standards tighten, but business is still brisk

Four months after mortgage lenders started to tighten their standards in reaction to COVID-19-related uncertainty, Chicagoland lenders say they have yet to see a dramatic slowdown.

Build, buy or partner? Creating a real estate technology stack that works

Sometimes it makes sense to build your own tech, whereas other situations call for an off-the-shelf solution or a vendor partnership. Which styles benefit different types of businesses and offices? Also, how can tech companies adapt to better serve the needs of real estate professionals?

The city report card: How Chicago is weathering the COVID-19 storm

Despite recent challenges, there’s a great deal to celebrate in terms of what makes it great to be a real estate broker in Chicago. We check in with real estate professionals who are passionate about our city, and hear about their commitment to building a more resilient and robust real estate community to face the future.

Industry adaptation at the intersection of COVID-19 and real estate technology

The contagious and debilitating nature of the virus has forced agents to adjust their business practices and marketing strategies to reach current and potential clients.

If not now, when? Making it happen for first-time buyers

Under ideal circumstances, purchasing a home for the first time is daunting. Add a pandemic to an already competitive marketplace, made up of rising home prices and low inventory, and the obstacle course becomes downright forbidding.

Rethinking gentrification: How to become an agent of positive change in your community

With the cost to buy and own a home rising rapidly in Chicago, some residents see developers and real estate brokers as the enemy. But the true picture is much more nuanced than that.

The luxury home market in Chicagoland: Meeting the challenges, making the sale

Chicagoland’s luxury market is still active. Buyers who can afford high-end housing are still willing to take their time and do their homework while seeking the perfect property to meet their individual needs. Agents who are prepared and who have deep knowledge of the luxury market are well positioned to help them in their search.

Time to hit the reset button: Challenging misconceptions about open houses

If you think the only reason agents engage in open houses is to appease sellers, you’re looking at the process all wrong. Smart brokers have figured out how to employ a multiplier effect to this age-old real estate technique to help power their business for the long haul.

The 2020 Truth About Agents

What does the Chicagoland real estate industry look like, and where is it headed? Those are the questions we hope to answer in our annual reader survey, conducted from Feb. 16 to March 15 this year. In our Truth About Agents issue, you’ll find demographic data, but also what amounts to a finger on the pulse of the local market.

Innovation or disruption? The real state of the market

The word “disruption” has become somewhat cliche in real estate, but that doesn’t mean it’s not a real phenomenon. Lawsuits, venture capital, tech companies and shifts in consumer patterns all threaten to displace agents from the transaction. How can brokers and real estate companies prepare?

Green homes 2.0: Sustainability and resilience in new construction

Shifts in the public perception of the planet are impacting the new-construction world in Chicagoland. For some, the solution involves green homes that utilize sustainable materials. But also, the concept of resilience has also become part of the conversation as homebuyers seek out buildings designed to withstand the stresses of environmental change.

No team required: How to succeed on your own

How do solo practitioners compete without a team? We talked to successful top producers to find out what they do to stand out, and why starting a team isn’t on their to-do lists.

The biggest sales, offices and producers in Chicagoland

Welcome to our annual Real Data issue, which highlights those who made waves in the 2019 Chicagoland market. We’re excited to bring you this look back at the last year to help you both celebrate your colleagues and identify your competition as you forge ahead in 2020.

Company policies: How managing brokers navigate new rules and regs

This year brings new laws about marijuana use, tenant screening and real estate licensing, and as usual, there are subtle but important changes on social media use and cybersecurity practices. Is your office ready for 2020 from a legal perspective?

The Future of Fannie and Freddie …and what it means for real estate agents and their clients

Almost everyone agrees that it’s time to do something about the federal conservatorship of mortgage giants Fannie Mae and Freddie Mac, and that lawmakers and regulators should handle the transition with care. But what will reform look like, when will it get done and what will it mean for lenders, real estate brokers and home buyers?

Taking care of business: Shifting your mindset from agent to business owner

Because most brokers are independent contractors, they often have to be their own accountants, marketers, office managers and schedulers. Here are some concrete steps for real estate professionals who are ready to get serious about the shift from “agent” to business owner.

New Subscribe

  • This field is for validation purposes and should be left unchanged.