Local News

Real estate news in Atlanta

The Hill of Western Springs breaks ground, marketed exclusively by BHHS Chicago

The Hill of Western Springs, a new boutique condominium, broke ground on Nov. 3. It’s being exclusively marketed by BHHS Chicago agents.

With unpredictable rates on the horizon … how will home prices swing in 2023?

Naturally, we’re all wondering how recent mortgage rate hikes will affect home prices in the coming year. What does it mean for home sellers and buyers?

Chicago-area home sales to drop in 2023 while prices grow, Realtor.com projects

Nationally, home prices and inventory, rents and mortgage rates will increase, while real estate transactions will decrease, according to Realtor.com.

Chicago ranks high among best cities in the world

Chicago came in at No. 13 in this year’s 2023 World’s Best Cities Report, a comprehensive annual study by Resonance Consultancy.

How the Chicagoland market is balancing out

As suburban inventory remains low, detached and attached homes are moving at different paces, according to new data from the Mainstreet Organization of REALTORS®.

Chicago Tribune names BHHS Chicago as a top Chicagoland workplace — See the full list

Every year, the Chicago Tribune releases the Top Workplaces ranking — and in 2022, several residential real estate companies topped the list.

Chicago-based Baird & Warner launches brokerage in Naples, Florida

Baird & Warner has opened a new branch in Naples, Florida. Although the Chicago-based brokerage has conducted some business in Wisconsin and Indiana, the move represents its first office outside of Illinois.

Rents are dropping in Chicago — kind of

Like home prices, post-pandemic rental costs have skyrocketed. But recent data shows a bit of relief in the city of Chicago.

To Naperville, and beyond: Where young homebuyers are settling down

Millennials make up 43% of current homebuyers — the highest share of any generation. So, where are they moving to in the Chicagoland area? And what are they looking for?

The Elaine Pagels Group becomes exclusive agent for Quincy Station

The Elaine Pagels Group, of BHHS Chicago’s Downers Grove office, were made the official listing agents for Quincy Station, a new luxury apartment building in Westmont.

Homes staying on the market longer, sellers feeling the pressure

The median age of inventory in Chicago is 57 days, down from 81 before the pandemic began.

Still deep in positive territory, home-price gains post steep declines in latest Case-Shiller

In Chicago, home prices posted an 11.3% year-over-year gain in August, compared to a 12.7% gain in July. Month over month, prices fell 0.5%.

Homes ‘still moving’ as prices hold steady, according to CAR report

As fall wears on, the local market shows continued seasonal cooling, according to the latest snapshot from CAR.

Amid inflation fears, Illinois homes are going fast

Illinois homes stayed on the market for the same amount of time during September 2022 and 2021 — 25 days on average — even as prices rose.

The suburban market looks ‘efficient’ for both buyers and sellers

New data from the Mainstreet Organization of REALTORS® offers a positive look at the Chicagoland real estate market.

Trolley tour to highlight affordable homes currently available

A trolley tour on Oct. 15 will showcase nine affordable properties that are currently for sale though the Chicago Housing Trust.

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