In spring of this year, Cirrus opened its doors to residents. Now, another Lendlease development is making substantial progress in Chicago: The Reed.

Katie Gambla had only been working as a real estate agent for about a year, when in spring of 2018, she got her first phone call from a man posing as a potential homebuyer.

With the recent launch of its homeowner dashboard, the online platform MoveEasy is working to expand the connection between agents and their past clients.

At the company’s annual EVX ceremony, held in Las Vegas on March 8, the Engel & Völkers Chicago shops received a special, surprise honor: the Global Network Award, one of four Pillar Awards bestowed for accomplishments beyond sales.

When deciding to start their business, Davina Arceneaux and her husband Kelly Jackson hoped to provide Illinois homebuyers with individualized, yet streamlined, options for lending.

There were 6.46 million homes sold in the United States last year, according to the National Association of Realtors, and agents from a single company represented well over a million of those buyers and sellers: Realogy. 

Joan Smothers launched Smothers Realty Group in 1996 and built her company to be the No. 1 brokerage in La Grange. So why would a successful broker-owner trade their independence to join Compass?

Agents are swearing by the year-old Clubhouse app that allows more than 10 million users to host town hall-style audio-only forums on various topics.

LaFido has spent more than 20 years in the industry working in luxury sales and training agents to work in the field. In 2016, he launched his Luxury Listing Specialist (LUXE) certification program.

We asked you, our readers, about the causes that are near and dear to your heart.

We spoke to the people who manage teams at the three local brokerages to learn how teams fit into the larger picture.

An exodus of corporate jobs doesn’t automatically spell bad news for a suburb’s real estate market. Learn how Hoffman Estates is taking an active role in turning what could have been an economic disaster into a potential boon.

Seemingly arbitrary building ordinances in some suburban cities and towns effectively limit the supply of new homes for sale and make it difficult to sell existing homes. Not only are there many specific local codes that prove challenging to agents and brokers operating in the suburbs, but also there are some that exacerbate the inventory shortage while leaving promising development opportunities untapped.

In Chicago, STRs are governed by a hulking, 58-page ordinance, and there are other restrictions layered on by city regulators and condo boards. So, if you or one of your clients are looking to buy an investment property with an eye toward listing it on a platform such as Airbnb, where do you start?

The mortgage lending industry and its public referees have responded to short-term rentals with more accommodation than restriction, a positive development for homeowners who hope to earn income through a short-term rental platform. Not only is it possible for homeowners to potentially secure more favorable financing terms on their primary residences if they are renting them out — they also have the same opportunity to do so if they purchase a second home.

Whether you work in property management or your clients are looking for advice on how to capitalize on these opportunities, it’s important to consider the ways managing a short-term rental property differs from managing one for long-term tenants. Here are a few key factors to weigh before making a decision.