See how Chicago tops the list when it comes to apartment conversions.
Over the decades, Chicago developers and builders have moved from the traditional two-flat and bungalow-style homes to investing in different options for affordable housing, like infill construction, modular-type homes and flexible buildings. Is it working, and what will the landscape of entry-level housing look like in the near future?
Brokers let us know what’s ahead for entry-level housing in Chicagoland.
Back when legislators were crafting language for an ordinance to make it easier for homeowners to build, rent out and remodel accessory dwelling units on their property, the hope from sponsoring Chicago City Council aldermen was that the legislation would have passed by August.
Low inventory of affordable homes is a major problem for today’s local real estate industry. But it’s not the first time Chicago has been short of what it needs in terms of housing.
While many first-time buyers are looking for more affordable options, those who can afford a little more square footage are increasingly interested in getting out of the city.
Small metro suburbs did the best in terms of construction with a more than 10% increase in market share over a year ago.
A new transit-oriented development is coming to the Sheridan Red Line station, the DiCosola Group will start deliveries on One95 next week and @properties announces that only 11 residences remain at their new condominium building in Lincoln Park.
New housing starts numbers suggest that if you can’t buy it, then build it, according to one economist.
The National Association of Home Builders/Wells Fargo Housing Market Index is looking good, but could lumber prices stall the growth?