Local News

Real estate news in Chicago

How low inventory hampered Illinois home sales in November

Statewide home sales dropped more than 10% from last year during November, according to new data from Illinois REALTORS®.

Suburban market to ‘heat up,’ Mainstreet president predicts

The coming year may ease the “lock-in effect” characterizing Chicagoland’s suburban market, says the Mainstreet Organization of REALTORS®.

Illinois sales trends showed little change in October — and will likely continue to do so

Without no increase in inventory, prices stayed on the rise in October 2023 as home sales continued to fall according to new data from Illinois REALTORS®.

NSBAR YPN and broker Betsy Brint receive national honors

NSBAR’s Young Professionals Network won NAR’s Network of the Year award; Betsy Brint was an honorable mention for the Good Neighbor Award.

Homes are moving quickly in the Chicago suburbs as buyers flex rising income

As home sales continued shrinking across Chicagoland’s suburbs, last month showed a slight uptick, according to new data from the Mainstreet Organization of REALTORS®.

Naperville home sells for a record-setting $8 million

A Naperville home has sold for just over $8 million at auction, marking the most expensive sale in DuPage County history. It’s also the most expensive home ever sold at auction in the Chicago metro area.

Homebuyer demand remains resilient, despite rates, shrinking listings

Last month, homebuyer demand showed its resilience, despite mortgage rates being at a 23-year high and inventory continuing to be limited.

See which Chicagoland brokerages are 2023’s ‘Top Workplaces’

Real estate brokerages snagged the No. 1 spot for all three company sizes, according to the Chicago Tribune’s latest Top Workplaces ranking.

Chicago voters will decide fate of proposed real estate transfer tax changes

The tiered real estate transfer tax would increase fees on transactions of $1 million or more.

How low inventory affected the Illinois market in September

Low housing inventory drove sales down and prices up in September, according to a report from Illinois REALTORS®.

Historic Lake Geneva home is most expensive on the Wisconsin market

Priced at $30 million, Lake Geneva’s Aloha Lodge is the most expensive home for sale in Wisconsin — by a lot.

Inventory uneven across the Chicago suburbs

There were two months of available inventory in the Chicagoland PMSA during September, according to the Mainstreet Organization of REALTORS® — which is about four months shy of a healthy market.

Lake Geneva among ‘most romantic’ towns in the country

Just 90 minutes from the hustle and bustle of Chicago lies a low-key romantic getaway: Lake Geneva, Wisconsin. It recently cracked a list of the top 50 most romantic small towns in America.

New luxury townhomes just steps from Geneva Lake available for pre-sale

The Residences of Geneva Lake has been approved for construction on the last major undeveloped site in Fontana, Wisconsin.

Prices are rising faster than wages in Cook County

Housing affordability has worsened in many parts of the country as wages fail to grow at the same pace as home prices.

The North Shore-Barrington Association of REALTORS® installation ceremony

The installation for the North Shore-Barrington Association of REALTORS® (NSBAR) took place on Sept. 6 at Ravinia’s Tree Top event space, and more than 200 people came out to celebrate the officers.

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