Homes were selling faster — at higher prices — in the state in July, according to new data from Illinois REALTORS®. The news comes following a month of decreased mortgage rates and tight inventory.

Home sales are down across Chicago’s suburbs as inventory remains historically low, according to new data from the Mainstreet Organization of REALTORS®.

The Chicago Association of REALTORS® (CAR) will induct Leon I. Walker, managing principal of DL3 Realty Advisors, LLC, into its Hall of Fame at September’s inaugural gala.

A new mixed-income, mixed-use community is coming to Chicago’s Woodlawn neighborhood: Park Station Lofts. Ground is expected to break soon.

In Chicago, 44.2% of offers faced competition last month.

Chicago’s average monthly rent is $2,904, a 19% increase from the previous year.

Sterling Bay has announced plans for a nine-story multifamily development — made of timber. Located at 2100 N. Southport Ave., it will be the tallest timber building constructed in the city since before the Great Chicago Fire.

The Reed topped off on July 27. The 41-story, 440-unit community in Chicago’s South Loop neighborhood is a part of the Southbank master plan.

Chicagoland real estate associations are teaming up to launch NAR’s REACH program in the area. The REACH lab will connect local agents with start-up professionals aiming to innovate technology within the real estate sector.

Mayor Lori Lightfoot, along with developers, are celebrating the topping off of 43 Green Residential, the first equitable transit-oriented development on Chicago’s South Side.

“Housing data for May 2022 continued strong, as price gains decelerated slightly from very high levels,” Craig J. Lazzara, managing director at S&P DJI, said.

As both mortgage rates and sales prices rose, Chicagoland home sales cooled during June, according to new data from the Mainstreet Association of REALTORS®.

Nationwide, sales hit their highest level of the year, rising 4.7% from June but falling 17.6% on a year-over-year basis, RE/MAX said. 

We all know Chicago as the Second City. And now, a recent survey by Time Out gives that moniker a new meaning.

About 14.9% of home-purchase agreements nationwide fell through in June, the highest percentage in more than two years.

Chicago Mayor Lori Lightfoot took her affordable housing plan a step further in late June, requesting an additional $69 million in funds — this comes after a $1 billion investment in the program from the city in December.