Homebuyer competition is driving up prices, as inventory constraints continue to plague the real estate market.

According to a new report from Compare the Market, the Windy City ranks No. 3 among the most cost-effective cities in the world.

Chicago listings were down 18.5% from last year.

The percentage of Chicago sellers making concessions to buyers is up from last year.

While home affordability remains an issue nationwide, Illinois buyers may feel a bit more freedom. A new study revealed that Illinois is the state where buying a house is the least expensive.

Ronald J. Benach has died following a 60-plus-year homebuilding career which saw the creation of more than 50,000 Chicagoland homes.

Chicago’s average monthly rent payment is $1,874, while the average monthly mortgage payment — with a 6.8% mortgage rate — is $1,828.

Home sales are down and time on market is up in the Chicago suburbs. But according to the Mainstreet Organization of REALTORS®, this is only “part of the picture.”

Sam Zell, the billionaire businessman who founded Equity Group Investments (EGI), died Thursday at his home due to complications from a recent illness, the company announced. He was 81.

The hire follows the December 2022 firing of the homebuilder’s senior vice president for field operations, who had been tapped to become COO on Jan. 1. 

One organization working to combat LGBTQ+ youth housing insecurity in Chicago is The Night Ministry.

Chicago’s April average home value rose from March as pending sales stayed flat and new inventory fell.

A recent study used MLS data from 200 U.S. cities to determine which city offers the most square footage for $1,500 per month.

Illinois REALTORS® Immediate Past President Ezekiel “Zeke” Morris has been named as the association’s 2023 REALTOR® of the Year. The award honors his dedication to excellence and impact on the industry.

The brokerage says the “business communities” — KW Operations, KW Wellness and KW Clarity — provide agents with specialized training, technology, coaching and referral opportunities. 

Frank J. Williams was a winner at NAR’s Fair Housing Champion Awards, honoring his decades of service at both the state and local level.