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Real estate news in Chicagoland

Chicagoland roundup: Rents up, capital construction budget starts flowing and more
Chicagoland roundup: Rents up, capital construction budget starts flowing and more

Two historically affordable neighborhoods see rapid rent increases, Pritzker’s budget begins to pay off for real estate and more new residential development is proposed for Fulton Market.

Real estate’s contribution to the Illinois economy
Real estate’s contribution to the Illinois economy

For every home sold in the state, Illinois' economy generated $18,000 of income from things like real estate commissions, fees and moving expenses related to a purchase. These expenses were about 9 percent of the median home price, but constituted 27 percent of a home sale’s economic impact.

Chicagoland roundup: One Central snafu, new suburban development, first casino rejection and more
Chicagoland roundup: One Central snafu, new suburban development, first casino rejection and more

In this week’s roundup of local news, lawmakers ask the governor to pump the brakes on another mega-project, new residential developments are coming to Barrington and Schaumburg, Ald. King said no thanks to a casino at the former Michael Reese site and more.

What Illinois’ new budget means for you
What Illinois’ new budget means for you

Gov. J. B. Pritzker didn’t get everything that he wanted, but as the 2019 legislative session wrapped up in the first few days of June, he could credibly claim to have accomplished more than an Illinois governor had in years....

Declining two-flats mean less diversity, affordability
Declining two-flats mean less diversity, affordability

The neighborhood of North Center is losing its stock of two- to four-flat rental buildings to single-family home conversions and teardowns, following a citywide trend that is making the neighborhood and the city less affordable, according to speakers at a...

Indicators leading you into the summer market
Indicators leading you into the summer market

When examining forward-looking data like pending home sales, new-construction activity and listing traffic, the news for the market overall isn't stellar. But there are a few bright spots for Chicagoland real estate professionals in particular: The Midwest is proving to be more robust than other regions, and moderately priced homes are still in high demand.

Chicagoland real estate roundup: Prefabs in Humboldt Park, suburban McMansions struggle and more
Chicagoland real estate roundup: Prefabs in Humboldt Park, suburban McMansions struggle and more

Sterling Bay is planning an infill project made up of 30 affordable, factory-made three-flats; big companies relocating to the city are hurting high-end suburban properties; Lightfoot names a new CHA head and more in this week's roundup.

Chicagoland real estate roundup: Calk accused of bribery, development coming to Bronzeville’s Gap and more
Chicagoland real estate roundup: Calk accused of bribery, development coming to Bronzeville’s Gap and more

The Mueller probe leads to an indictment for Chicago bank CEO Stephen Calk; residential developers look to fill in a long-vacant 12-block site with townhouses, condos and houses; preservationists look to create a national park in Chicago and more in this week's roundup of real estate news in Chicago.

The view from D.C.
The view from D.C.

Every year at their legislative meetings, the National Association of Realtors sends members and government affairs directors to meet with their representatives on the Hill to lobby for change, usually with a list of talking points that are important on a national level. But Chicagoland real estate professionals were on hand to bring local issues to to fore as well. Find out what topped the issue lists.

April existing-home sales send mixed messages
April existing-home sales send mixed messages

Nationally, existing-home sales finished the month of April some 0.4 percent below last month's rate and 4.4 percent lower than April 2018. But those same figures looked brighter when researchers zeroed in on Chicagoland.

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