Real estate news in Chicagoland
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.
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.
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.
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....
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...
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.
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.
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.
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.
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.