The price for attached homes is on the rise, according to new statistics from the Mainstreet Organization of REALTORS®.

The decrease was driven by a 5.1% month-over-month slide in the rate of multifamily starts, while single-family construction was flat.

Lack of inventory continues to restrict home sales as fewer homes sold in September, and closed home sales dropped.

The number of closed sales fell 12.5% month over month, while active inventory slid 2.5% to 37,646. Median sales prices dropped 3%, but that’s still up 5.8% from September 2020. 

@properties Development Group, along with the Chicago-based developer Focus, has announced that condominiums at Kelmscott Park are officially sold out.

As remote work becomes the new norm for many homeowners, real estate professionals are encouraging clients to consider implementing insurance-based smart home technology into their homes. 

The federal government can play a big role in helping to further improve assessments by releasing data from the Uniform Appraisal Database used by Fannie Mae and Freddie Mac in determining which loans to back.

JK Equities has announced that closings have begun at 1400 Monroe: a seven-story boutique condominium in Chicago’s West Loop.

The Cheshire, in Oak Park, is a new construction boutique development listed exclusively by Berkshire Hathaway HomeServices Chicago.

In response to being named CAR’s Managing Broker of the Year, Joe Siciliano also shared his own industry wisdom in a press release. He identified three keys to successful management.

The user of the app can monitor information about their home and local market conditions, store important documents, generate estimates for home repairs and find a local contractor for more than 1,000 different home-service categories. 

There were 6.46 million homes sold in the United States last year, according to the National Association of Realtors, and agents from a single company represented well over a million of those buyers and sellers: Realogy. 

It’s that time of year again! As 2021 slowly winds to a close, REALTOR® associations across Illinois are making annual changes. This includes, foremost, inducting new leadership officers.

Joan Smothers launched Smothers Realty Group in 1996 and built her company to be the No. 1 brokerage in La Grange. So why would a successful broker-owner trade their independence to join Compass?

Guaranteed Rate has announced that Chicago’s own Ben Cohen, the company’s managing director and senior vice president of mortgage lending, has originated $1 billion in total loan volume.

Coldwell Banker Realty unveiled its remodeled Hinsdale office, 8. E. Hinsdale Ave, at a grand opening on Sept. 22.