New Construction
Looking at real estate data over the last decade, some clear trends emerge in terms of costs, demographics and housing stock. See how this has impacted the market in the Chicago area.
A new study shows that high-rise buildings aren’t just for worker bees anymore.
Some brokerages are finding synchronicity by partnering with Habitat Chicago. Learn how it’s done and what giving back in this way can do for your business.
The number of new homes sold shot up over last year, according to Census data from October.
At the Lincoln Park Builders’ 31st annual Real Estate Forum yesterday, developers sounded off about what Chicagoland has going for it, and what’s holding the metro area back.
Two percent jump in housing starts nationwide could mean lower chance of recession
The Joint Center for Housing Studies’ State of the Nation’s Housing report stresses the need for more inventory.
Lack of inventory is stalling growth. Learn why some are saying they don’t expect housing starts to reach pre-recession levels until 2022.
At the Chicago Build Expo, city officials discussed ways for Chicagoland to battle negative preconceptions and maintain its pace of growth while also bolstering affordable housing before an audience of contractors, developers, real estate professionals and others at the McCormick Place convention center.
Selling new construction is often a springboard for would-be top producers, but that doesn’t mean it’s easy to get into. Follow this blueprint, compiled from conversations with successful agents who’ve incorporated new construction into their day-to-day work.
Developers of both dorms and off-campus housing are offering smart design solutions that create a sense of community in an organic, inconspicuous way. And young people look to replicate that when they start “adulting” after college.
While many of the top producers in our Real Data list are also household names when it comes to selling new construction, looking solely at new construction data offers a different perspective. The data below comes from Midwest Real Estate Data, LLC and was formulated using the same techniques you’ll find for our Real Data Q2 list.
Agents specializing in Chicago may be attracted to some parts of the suburbs as they become more desirable and livable for the newest generation of homebuyers — and vice versa. But it can be difficult to make the leap.
We examine two routes into new construction by speaking with Liz Brooks, Belgravia Group’s executive vice president of sales and marketing, and Millie Rosenbloom, a Baird & Warner agent who is a three-decade veteran of new construction sales, from townhomes to high-rises and detached single-family homes.
Selling new construction is often a springboard for agents and teams, thanks to both its price point and the fact that successfully selling one condo can quickly lead to the sale of another. But that’s not to say this niche is easy to break into.
Industry confidence in the single-family housing market for older adults reached an all-time high last quarter. However, while employment is also surging, residential construction is one area to which workers are not flocking.