Local News

Real estate news in Chicago

Chicago Gen Z-ers on track to own before age 30

The step from renting to owning is not a step, exactly. It’s a leap. And that financial leap is smaller for Gen Z living in Chicago, according to a new study from RentCafe.

Drussy Hernandez to step down as president of the Chicago Association of REALTORS®

Erika Villegas will move into the role of CAR president.

High suburban prices appear here to stay

Chicagoland suburban prices were up 9.3% year over year during March, continuing a steady climb — with no signs of slowing, according to the Mainstreet Organization of REALTORS®.

MRED votes to remove term limits for its Board of Managers

MRED’s parent company MLSNI would still need to approve the change before it becomes official.

CENTURY 21 Circle acquires CENTURY 21 1st Class Homes

CENTURY 21 Circle recently acquired CENTURY 21 1st Class Homes, a Schaumburg office led by Carol Mellander.

Remembering Cook County Clerk Karen Yarbrough

Cook County Clerk Karen Yarbrough passed away recently. We here at Chicago Agent remember her as a friend of the magazine.

These 7 Chicago suburbs are among best places to raise a family

Illinois has some ideal places to raise a family, according to a new ranking. Specifically, seven Chicago suburbs.

Chicago named a top city for fixer-upper savings

Chicago is one of the best cities in the country to save and make money on a fixer-upper, a new report found.

Illinois inventory reaches 16-year low while city sales increase

In February, housing inventory in Illinois hit its lowest since 2008, according to new data from Illinois REALTORS®. That’s the year the association began tracking the data.

Chicagoans reject real estate transfer tax changes

If approved, the transfer tax would have increased on transactions worth $1 million or more.

BOMA/Chicago files appeal with state Supreme Court to block transfer tax referendum

The referendum which asks voters to weigh in on proposed transfer tax changes will be considered in the upcoming election, after a March 6 ruling by Illinois’ Appellate Court. Now, BOMA/Chicago is challenging that decision.

The MG Group joins COMPASS after nearly 20 years at BHHS Chicago

The MG Group, led by Mario Greco, is leaving Berkshire Hathaway HomeServices Chicago after nearly 20 years.

Chicago’s real estate transfer tax referendum is back on; CAR says vote ‘no’

After a decision by the Illinois Appellate Court, the transfer tax referendum will be counted on the March 19 ballot. Realtor associations are encouraging their bases to vote “no.”

‘Octagonal’ homes are the most desired in Chicago

According to Zillow scrolling, octagonal homes are the most popular style in the United States — and that holds true in Chicago.

RE/MAX Next now part of RE/MAX Premier

RE/MAX Next has integrated into RE/MAX Premier, a union which leaves the firm as Chicago’s No. 1 RE/MAX agency based on combined sales.

Judge removes Chicago real estate transfer tax referendum from March ballot

The proposal was a centerpiece of Mayor Brandon Johnson’s plan to generate money to combat homelessness.

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