Local News

Real estate news in Chicago

At CAR event, Lawrence Yun predicts four or five interest-rate cuts

NAR Chief Economist Lawrence Yun shared his interest rate expectations at CAR’s recent Market Outlook event.

IDFPR increases real estate licensing fees

The Illinois Department of Financial and Professional Regulation (IDFPR) has increased several real estate license fees.

2023 was a ‘perfect storm’ for the suburbs — but December marked a turnaround

Both detached and attached suburban home prices rose during 2023, 3.2% and 10%, respectively, year over year, according to annual data from the Mainstreet Organization of REALTORS®.

This World’s Fair gem is on the market — and it’s pink!

The aptly named Florida Tropical House is a historic piece of Northwest Indiana real estate. It’s also for sale — sort of.

Power players in Chicago real estate named to SP 200

Several Chicagoland real estate executives were named to T3 Sixty’s Swanepoel Power 200. Check out the list.

Home listings grow as prices stabilize

Home listings grew in December as housing prices stabilized, closing out an interesting 2023 for the real estate market.

Local business groups unite against city’s upcoming transfer tax referendum

The Building Owners and Managers Association of Chicago and other local business groups have filed a lawsuit aiming to block the city’s real estate transfer tax referendum from taking place.

NAR President Tracy Kasper resigns after receiving threat to reveal ‘personal’ matter

NAR President-elect Kevin Sears will move into the role of president, effective immediately.

Only 1.7% of Chicago homes were affordable in 2023

Falling mortgage rates and more inventory could mean an improvement in housing affordability in the new year.

Chicago’s top 5 local news stories from 2023

See what generated buzz in 2023. These Chicago real estate articles received the most page views over the past year.

How low inventory hampered Illinois home sales in November

Statewide home sales dropped more than 10% from last year during November, according to new data from Illinois REALTORS®.

Suburban market to ‘heat up,’ Mainstreet president predicts

The coming year may ease the “lock-in effect” characterizing Chicagoland’s suburban market, says the Mainstreet Organization of REALTORS®.

Illinois sales trends showed little change in October — and will likely continue to do so

Without no increase in inventory, prices stayed on the rise in October 2023 as home sales continued to fall according to new data from Illinois REALTORS®.

NSBAR YPN and broker Betsy Brint receive national honors

NSBAR’s Young Professionals Network won NAR’s Network of the Year award; Betsy Brint was an honorable mention for the Good Neighbor Award.

Homes are moving quickly in the Chicago suburbs as buyers flex rising income

As home sales continued shrinking across Chicagoland’s suburbs, last month showed a slight uptick, according to new data from the Mainstreet Organization of REALTORS®.

Naperville home sells for a record-setting $8 million

A Naperville home has sold for just over $8 million at auction, marking the most expensive sale in DuPage County history. It’s also the most expensive home ever sold at auction in the Chicago metro area.

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