Read Today’s Top Story: Survey: Are you a good negotiator?

Local News

Real estate news in Chicago

New Chicago Ordinance Requires Lenders to Maintain Vacant Properties

Chicago’s City Council passed an ordinance which will “raise the liability of financial institutions who have an interest in a property,” including vacant properties in the process of foreclosure, said Housing Wire. Previously, these responsibilities and complaints would have

Waterview Tower Project Officially Acquired by Related Midwest

Related Midwest officially closed on the Waterview Tower project yesterday, the Wacker Drive building that has been unfinished since

Massive Renovation of Old Post Office Planned

The owner of the Old Post Office recently announced the ambitious plans for a massive reconstruction of the property. Included in the plans is a tower that, if built, would be the tallest building in North

IAR Corrects Miscalculations, Publishes a New Report

The Illinois Association of Realtors (IAR) identified the cause of its inconsistent price calculations previously reported, and published a new report of Chicago’s median

Fifth Third Bank Announces Addition of Well-Known Mortgage Banker

Fifth Third Bank announced recently that Tim Perry, notable mortgage banker, has joined the bank’s mortgage team. Perry is a longtime resident of Park Ridge and has enjoyed a very successful career as a real estate lender throughout the

Straub Milito Group Joins Forces with Coldwell Banker

Coldwell Banker Residential Brokerage recently announced the merger of its Lincoln Park Plaza office with Akos Straub and Vince Milito and the Straub Milito

MORe Becomes Largest Association in Illinois, Fourth in Country with Merger

Members of Mainstreet Organization of Realtors (MORe) and the Realtor Association of Northwest Chicagoland (RANWC) approved the merger of the two associations after an overwhelming majority vote. The associations will officially join forces on October 1,

Nationwide Home Sales Fall 0.8 Percent in June- Chicago has Yearly Median Price Declines of 16.36 Percent

Today, NAR reported that home sales dropped 0.8 percent, to 4.77 million, this June–8.8 percent below June 2010’s sale of 5.23 million

New Additions to Midwest Real Estate Data’s Search System

Midwest Real Estate Data, LLC (MRED) updated their connectMLS system by adding more data fields to the search options giving agents the ability to narrow the

June Sales Make it Difficult to Judge Market Recovery

Home sales from June in the metropolitan Chicago real estate market showed data not consistent with year-to-year

Newly Approved Agency Puts $100 Million Toward Helping Chicago’s Underwater Homeowners

On Friday, Illinois officials announced a not-for-profit agency which will modify home loans for underwater homeowners, or those with properties worth less than what owners owe on mortgages, according to Crain’s. The agency, which is starting out by targeting

West Loop, Streeterville Top List of Most Expensive Rental Chicago Neighborhoods

RentJuice’s first quarterly comparison, Rent Index in Chicago, found that the average cost to rent a home in Chicago is $1,410, according to a press release on the analysis, released

The Truth About the Chicago Condo Market

The error in the Illinois Association of Realtor’s (IAR) May 2011 data, and potentially years previous, has likely left many industry professionals wondering what data they can

Cook County Mediation Program Requesting $3.5 Million

Currently, 75,000 mortgage foreclosures are pending in Cook County, said the Chicago Tribune. In May, the county’s mediation program for foreclosures assisted 216 delinquent homeowners, preventing them from losing their properties to lenders, according to a report from the

New Offices Announced for Koenig and Strey Glenview, Lake Forest

Koenig and Strey unveiled plans for new offices in Glenview and Lake Forest. Koenig and Strey President and CEO Nancy Nagy announced that the brokerage will be moving to a new, customized location at 280 Deerpath Road in Lake

IAR Responds to Erroneous Median Prices and Home Sales

Today, the Illinois Association of Realtors (IAR) released a statement regarding the association’s erred Chicago median prices and home sales. The group admitted its data was incorrect yesterday, finding that their May statistics, as well as potentially years worth

New Subscribe

  • This field is for validation purposes and should be left unchanged.