Local News

Real estate news in Atlanta

Illinois ranked 18th-best state to live in

Illinois is the 18th-best state to live in the country, according to WalletHub’s 2021 Best States to Live In list. 

CoreLogic: Illinois homes average $14K annual equity gain

CoreLogic says the boost in equity will help stave off foreclosures, but the share of homes underwater in the metro Chicago area was at 6.1% at the end of the first quarter of 2021, outpacing the national rate of 2.6%.

Chicago ranks 26th on top 50 new markets list based on 2020 closings

Experts at Builder Magazine recently came out with their Local Leaders list for 2020, which ranks the country’s 50 largest new-home markets based on closings by the end of the year.

Chicago climbs The Economist’s most livable cities in the world list

Some cities fared better than others with the global pandemic and Chicago is one of them, according to The Economist’s 2021 Livability Index’s ranking of the most livable cities in the world.

Out-of-town movers reshuffling to larger, more affordable homes

Rising property values had homeowners cashing out of their existing residences to buy bigger homes in less-expensive areas last year.

Chicagoland homes selling faster than ever

Detached single-family homes listed in the Chicago area are selling faster than ever, spending an unprecedented average of 53 days on the market in April, according to a report from the Mainstreet Organization of Realtors (MORe).

Thursday is the most popular day to list a home in Chicago

Houses in today’s market are selling in days, and Chicago sellers wanting the best chance for a quick sale should list on a Thursday before Labor Day, according to a new analysis from Zillow. 

Real estate’s tech revolution

While masks and social distance requirements may eventually fall by the wayside, much of the new real estate technology that has surfaced during the pandemic is likely to stick around for the foreseeable future.

Chicago home prices reach new highs in May

Home-price growth remained in double digits for the 10th straight month in May as inventory lows pushed the median listing prices up 15.2% from last year.

Clients priced out of living in Chicago? Consider Hoffman Estates

City life is reawakening after a year marred by the pandemic, but that doesn’t mean the resurgent demand for homes in the neighboring suburbs is coming down any time soon.

S&P CoreLogic Case-Shiller: Chicago home-price gains accelerate yet again

The pace of housing-price gains in Chicago quickened in March, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which showed a 1.9% increase from February and a 9% increase from a year earlier, compared to a gain of 0.2% the previous month.

Half of homes sold above asking price last month, but some wonder if demand has peaked

Housing records continue to be broken, but despite the strong numbers, data could indicate homebuyer demand is reaching a peak.

Home equity grows nationwide in first quarter

Residential property equity continued to grow in the first quarter of 2021, with one in three homes considered equity rich.

Bidding wars on Chicago home purchases continue to surge

Two-thirds of Chicago homes sold on Redfin faced bidding wars in April.

Home prices surge in Q1, and Chicago is no exception

In Chicago, the median sales price of a single-family home jumped 16% on a year-over-year basis to $303,500, the NAR said, citing its quarterly report. 

Chicago’s multifamily market strengthens, rebounds from pandemic

Multifamily rents rose nationally in April indicating ongoing recovery from the pandemic, according to the latest Yardi Matrix Multifamily National Report.

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