As dramatic rent prices impact states across the nation, renters are searching for more affordable places to call home. Nationally, the median rent price is up over 16% since January, with some cities seeing double that, according to a recent Apartment List report.

Demand for second homes was up 70% from pre-pandemic levels in October, according to a new report from Redfin. This outpaced August’s 48% gain but was below January’s record 91% growth.

Chicagoland housing inventory is at its lowest supply in a decade, according to Midwest Real Estate Data. In turn, sales are down and prices are high.

As of Sept. 30, the National Association of Realtors (NAR) had collected $229.6 in dues from its 1.542 million members, according to a RealTrends report.

Among the 51 metro areas surveyed in October, closed transactions were down 6.4% from September, nearly twice the average pre-pandemic decline of 3.3% between 2015 and 2019, RE/MAX said, citing its National Housing Report.

Lake Geneva-based brokerage Keefe Real Estate announced it is joining Compass, according to press release.
Keefe, which operates in northern Illinois and southern Wisconsin, said it will maintain its leadership team, agents, staff and offices under the Keefe Real Estate Compass brand.

The world’s wealthiest dog is about to get a little richer. Worth nearly half a billion dollars, the German shepherd named Gunther VI recently listed the former Miami estate of Madonna for $31.75 million, according to a press release.

Several local residential real estate firms have been honored by the Chicago Tribune as Top Workplaces.

Thirteen of the 15 states with the lowest percentages of equity-rich properties in the third quarter included Illinois.

Of the 200 organizations recognized by the Chicago Tribune as Top Workplaces, the top three large businesses were all local real estate companies: Compass, @properties and Berkshire Hathaway HomeServices Chicago.

Landtrust Title Services has received the national Excellence in Action Award from Fidelity National Title Group.

Atlanta’s Rodney Mason, who serves as vice president of mortgage lending with Guaranteed Rate, was named treasurer of the nonprofit, while Anita Blue, who works as an agent and credit restoration consultant at Cap Tex Realty, was named national vice president.

Zillow has compiled a list of the “hottest” Chicagoland ZIP codes based on viewership data. And the results will surprise you.

The average American home buyer is 45 years old, married or partnered, college-educated and likely to purchase a home located in the South, according to Zillow’s 2021 Consumer Housing Trends Report.  Individuals ages 30-39 make up the largest population

A new study by Illinois REALTORS® highlights how race contributes to loan rejections.

As more house hunters are opting to live in socially, racially and culturally diverse communities, developers are formulating strategies to list more inclusive properties on the market, according to a report by The Wall Street Journal.  Developers’ strategies include