Trends

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Chicago high-end listings come roaring back in June

Zillow: Now could be a good time to trade up on luxury homes.

In Chicago, a new kitchen adds nearly $13,000 in value

A new report reveals the improvements that homeowners and renters say add the most to the overall price of a home.

Person changing compact-fluorescent (CFL) bulbs with new bulb.
Which green products are most important to buyers and homeowners?

While solar panels may be the poster child of green homes, builders and remodelers have some interesting feedback to share about what consumers really want.

Chicago real estate recovery headed in the right direction

“Markets with stronger job creation pre-COVID are proving to have the crucial edge for real estate activity, particularly those with a strong technology sector.” — Javier Vivas, director of economic research for Realtor.com

Chicago defies national trend with May increase in active inventory

Although the single-digit decline from the previous month nationally is good news, home sales still lagged May of 2019 by 33.7%.

Redfin: Bidding wars up in May in Chicago

Bidding wars are beginning to return in Chicago, according to a new report.

Chicago home flipping fetches among highest returns in the nation

Nationwide, home flippers saw a 36.7% return on their investment in the first quarter of 2020.

Three-quarters of homebuyers and renters change plans due to COVID-19

The survey of 1,500 adults also shows that the inability to tour properties in-person because of COVID-19, was the most common reason (42%) respondents chose not to move.

As a result of COVID-19 pressures, Chicago renters are going … smaller?

A new analysis from a local real estate brokerage that focuses its business on rentals uncovers some surprising trends in renting.

Homebuying pushed further out of reach for millennials

“Homeownership has already been delayed for many millennials and the coronavirus could push the timetable even further out for some.” — Danielle Hale, chief economist, realtor.com

Don’t let myths about COVID-19’s impact on real estate steer you off-course

There’s a lot of speculation about how the novel coronavirus will impact your business, but it’s not all accurate. RCLCO Real Estate Advisors debunks the top five myths that real estate pros should be aware of.

6 ways to bounce back better than ever

In a new e-book, national leaders from the brokerage and real estate technology sectors offer tips for making the most of this moment of change.

Parking preferences shifting due to COVID-19?

A new study shows online searches are down for apartments with parking spaces in Chicago. Could that change as public transit ridership dwindles?

Illinois has fourth highest number of zombie foreclosures in the nation

A new ATTOM report reveals that zombie foreclosures declined in the second quarter of 2020, likely a result of the temporary foreclosure moratorium on federally backed loans.

Photo: Kaboompics.com from Pexels
How tech can help Chicago’s real estate market bounce back from COVID-19

A new study looks at how well networked certain regions of the country are — as well as how ingrained technology is in their local economies — to predict how the rebound will go locally. Find out how Chicago ranks.

Rent increases down in Chicago in April

A new report that rent is still rising, but by much less in most cities, as a result of the COVID-19 crisis.

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