Local News

Real estate news in Atlanta

The best high schools in Illinois — public and private

As any parent can tell you, schools are a top — if not the top — consideration when buying a new home. These are the best Illinois schools.

NAR donated nearly 3,500 meals to Americans in last six months

As part of an ongoing relationship with the Food Recovery Network (FRN), the National Association of Realtors provided roughly 3,475 meals to Americans in the past six months, according to a press release. 

Survey: Millennial homeowners most burdened by debt, homeownership costs

Millennials are at the greatest risk of becoming house-rich and cash-poor as the generation is spending the highest percentage of their monthly income on homeownership costs compared to other generations, according to a new Hometap report.

@properties acquires the former Century 21 Elm office in Park Ridge

It’s a significant acquisition, which will offer @properties a dominant — nearly 25% — market share in the area.

Construction on 1000M to recommence, for use as a rental tower

A $304,500,000.5 million construction loan from Goldman Sachs Bank USA and Deutsche Bank Wealth Management has secured the future of Chicago’s 1000M tower.

Coldwell Banker Helman Realtors joining forces with Coldwell Banker Real Estate Group

Two Coldwell Banker brokerages in West Central Indiana have teamed up, according to a press release from the two family-owned companies.

Spot Santa’s Sleigh on Dec. 11 in Wheaton, thanks to BHHS

This Christmas parade is a free event for the community — planned by the Wheaton office of Berkshire Hathaway HomesServices.

Chicago new construction surplus tops 73,000 homes

There may be a construction boom, but builders still have a lot of ground to make up from a decade of underbuilding, according to a new report from Zillow.

Mobile homes appeal to young and middle-class buyers as home prices surge

With home prices continuing to reach new heights  across the country, many potential homebuyers are seeing the mobile-home market in a brand new light as single-family home prices become less affordable for young and middle-class buyers. 

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CoreLogic: Could 2021 be the first multi-trillion dollar real estate market?

As more money is being spent on real estate than ever before, the booming market is on pace to shatter records this year, according to a recent CoreLogic report.

FHFA announces conforming loan limits for Fannie and Freddie mortgages

The Federal Housing Finance Agency (FHFA) recently announced its 2022 conforming loan limits (CLL) for conventional loans acquired by Fannie Mae and Freddie Mac.

Are investors to blame for low housing inventory?

Investors across the country are looking to cash in on skyrocketing house prices and rents, putting them in competition with new buyers trying to work their way to homeownership. Real estate investors bought a record 18% of the homes sold in the third quarter, according to a new Redfin report.

The top 10 most expensive ZIP codes in Chicagoland

As home prices continue increasing, some areas in Chicagoland have seen especially significant appreciation — particularly in the suburbs.

S&P CoreLogic Case-Shiller: Home-price gains take a pause

“If I had to choose only one word to describe September 2021’s housing price data, the word would be ‘deceleration. Housing prices continued to show remarkable strength in September, though the pace of price increases declined slightly.” — S&P DJI managing director Craig Lazzara.

Chicago home values rose 13.8% in October

While the housing market may be hotter than usual, the shift toward seasonal norms is starting to show and could benefit both buyers and renters. 

Coldwell Banker survey gauges importance of homeownership among Americans

As the economy recovers from COVID and the housing market gains traction, homeownership is top of mind for Americans, according to the latest survey from Coldwell Banker Real Estate LLC.

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