Local News

Real estate news in Atlanta

Fulton Grace Realty’s grand Elmhurst opening

Fulton Grace Realty has expanded into Elmhurst with a new office in the suburb’s downtown area. A grand opening event was held July 9.

Michigan agents sue NAR, claim membership requirement to access MLS violates federal law

The lawsuit criticizes NAR’s new rules in the wake of its legal settlement.

Housing inventory reaches post-pandemic high as market continues to balance

The combination of rising inventory and price reductions in Chicago and nationwide is creating a more buyer-friendly market.

What you need to know when NAR’s new rules start Aug. 17

There are nuances in NAR’s rule changes that are important to know for buyer’s agents, seller’s agents or clients.

Minority-owned small business lender Lendistry to offer home loans in Illinois

Lendistry Home Loans will offer conventional purchase and refinance loans, as well as loans for non-traditional borrowers. 

Pending home sales regain upward momentum in June

The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month. 

Major mixed-use development coming to United Center parking lots

A privately financed, $7 billion megadevelopment will rise around the United Center over the next 10 years.

Suburban single-family home sales drop 20% year over year

Median sale price increases 10% to $425,000.

Illinois sales are increasing as inventory rises — but not in the city

Statewide home sales increased slightly during May, according to data from Illinois REALTORS®, but the increase in inventory was much starker.

White Sox likely to change ballpark name to Rate Field in 2025

The South Side ballpark has been called Guaranteed Rate Field since November 2016 as part of a 13-year naming rights deal.

Husband-and-wife architect duo list their Ukrainian Village creation

This geometric home in Ukrainian Village is hitting the market. Joanne Nemerovski of COMPASS serves as listing agent.

River North apartment, The Hensley, is going (luxury) condo

The Hensley, a 43-unit apartment at 707 N. Wells St., is going condo and rebranding as a luxury residence: Château on Wells.

Guaranteed Rate rebrands itself as Rate

The new name conveys a “concise, modern identity,” the company said. 

MRED joins NAR lawsuit settlement

MRED said it will not change historical data that reference buyer’s agents’ compensation.

Downtown prices are growing slowly across the Midwest — and have decreased in Chicago

Downtown property prices in the Midwest are growing at significantly slower rates than other sections of those cities. And that’s especially true in Chicago.

May marked one year straight of monthly suburban price increases

According to recent data from Mainstreet Organization of REALTORS®, May marked the 12th month in a row that prices in the Chicago suburbs rose, year over year.

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