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Real estate news in South Florida

Realty ONE Group enters the Chicago market
Realty ONE Group enters the Chicago market

Realty ONE Group announced the grand opening of its first Chicago franchise under the brand Realty ONE Group Leaders. 

How long would it take a Chicago renter to save up for a down payment in today’s market?
How long would it take a Chicago renter to save up for a down payment in today’s market?

It could take Chicago-area renters more than seven years to save for a down payment in today’s market.

@properties opens office in Valparaiso, Ind., buys tech firm Suburban Jungle Group
@properties opens office in Valparaiso, Ind., buys tech firm Suburban Jungle Group

The purchase of the tech company and expansion into Valparaiso is among many advances @properties has made over the last two years.

Median rental price hits highest point in two years
Median rental price hits highest point in two years

Despite an average nationwide uptick, Chicago rents declined year over year in May.

New listings growth seen across U.S. markets in June
New listings growth seen across U.S. markets in June

Housing markets across the country saw new listings growth in June, as the median list price hit yet another all-time high, and Chicago was no exception. 

Mainstreet Organization of Realtors: Market uncertainty still driving inventory squeeze
Mainstreet Organization of Realtors: Market uncertainty still driving inventory squeeze

“We’re seeing similar pressures across the country, which is why the National Association of Realtors wants to create incentives for homebuilders to help meet the growing housing demand.” — MORe CEO John Gormley

@properties purchases technology, consulting firm Suburban Jungle
@properties purchases technology, consulting firm Suburban Jungle

Suburban Jungle provides pre-search consultation services to homebuyers to help them find the ideal neighborhood or suburb for their needs and match them with a vetted real estate agent.

@properties celebrates new top earners with Rolex, Cartier watches
@properties celebrates new top earners with Rolex, Cartier watches

Agents at @properties who earned more than a quarter-million dollars in commissions for the first time with the company were awarded a high-end attaboy by the brokerage for their work in 2020.

Lendlease condos The Reed and Cirrus offer next-door rentals during construction
Lendlease condos The Reed and Cirrus offer next-door rentals during construction

The program allows these temporary renters to recoup 50% of the rent they pay (up to 2.5% of the sales price) during construction as a credit toward their condo at closing.

Chicago home inventory levels rebounded in May
Chicago home inventory levels rebounded in May

Inventory levels rebounded last month, finally showing signs of recovery following a year of historical declines. 

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