Local News

Real estate news in Atlanta

What’s contributing to homebuyer urgency in 2022? Three experts share their thoughts

Chicago Agent sat down with three industry experts to discuss the state of the frenzied market and to ask what we can anticipate in the coming months.

Chicago among top 10 metros for real estate development

StorageCafe conducted a study on construction in the 50 largest metros — and among them, Chicago-Naperville-Elgin ranks eighth for growth.

High demand and low inventory continue to define the suburban market

A new monthly report from the Mainstreet Organization of REALTORS® shows that home sales remain strong in the Chicagoland while high prices reflect the ongoing strain of low inventory.

Janet Owen of BHHS Chicago breaks 2022 records with $8.65M sale

BHHS Chicago broker Janet Owen has sold a home for $8.65 million, marking the highest price paid for a detached single-family home in 2022 so far, in both the city of Chicago and the state of Illinois.

Millennial demand driving up prices in family-friendly neighborhoods

Across the country, 10% of ZIP codes with the largest share of children had an average home value growth of 21.3% from October 2020 to October 2021.

Chicagoland Real Data and Top Producers 2021

Welcome to our Top Producers/Real Data issue, one of the most highly anticipated issues of the year. We shine a spotlight on the biggest names in the business from the prior year.

Luxury Living Chicago Realty ranks in the top 5% for total sales volume in Chicagoland

Luxury Living Chicago Realty has announced a new milestone, according to information from Midwest Real Estate Data.

West Loop’s CA6 condominiums surpass 80% sold

The developer Belgravia Group has announced that condos in the new CA6 development are more than 80% sold.

@properties rebrands to @properties Christie’s International Real Estate following acquisition

@properties has officially rebranded to become @properties Christie’s International Real Estate. The Chicago-based brokerage acquired the luxury real estate arm of the art auction house in December 2021.

Chicago rents, mortgages both on the rise and breaking records

Spurred by rising mortgage costs, December’s average monthly rent grew to $1,877, according to a new Redfin report. 

Blackstone unit acquiring four Chicago apartment communities as part of $3.7 billion deal

The properties are part of a 42-community portfolio belonging to Philadelphia-based landlord Resource REIT Inc. 

Inventory falls 40% from pre-pandemic levels, as home values accelerate

Rent growth also slowed in December, posting the lowest monthly increase since February 2020.

Local sculptor finds success selling tiny replicas of Chicago homes

Local artist Katie Lauffenburger is building dream homes on a miniature scale: 10-inch-tall ceramic house replicas, which double as planters.

Home supply sees largest decline since pandemic’s start

December housing sales fell lower than they have since the start of the pandemic, a new Redfin report found.

Questions about accessory dwelling units? CAR has answers

In May of last year, the city began implementing a pilot program to bring Accessory Dwelling Units (ADUs) into compliance — but many real estate professionals still have questions.

“In a Flash”: Documentary celebrates the life of Chicago architect Helmut Jahn

Famed Chicagoan Helmut Jahn is memorialized in a new short documentary film, spotlighting the late architect’s distinguished career.

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