Local News

Real estate news in Atlanta

Chicagoland residential trends hold steady as industry braces for change

Home sales remained steady across the Chicagoland suburbs as the industry prepared for changes in August and beyond, according to the Mainstreet Organization of REALTORS®.

Sellers still have the upper hand in Chicago, bucking national trend

Competition in the housing market is expected to reignite as falling mortgage rates breathe new life into buyers, according to Zillow’s latest report. 

Upcoming changes to Illinois real estate law — beyond the NAR settlement

Rule changes stemming from NAR’s settlement are not the only ones occurring in Illinois. Illinois REALTORS® outlines all the details.

Apartment construction surges nationwide

The influx represents a 9% increase compared to last year and a 30% jump from 2022.

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.

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