The end of the summer shows signs of stabilization in the local housing market, according to new data from the Mainstreet Organization of REALTORS®.

Property values continue to rise and those looking to downsize can make the most of the current market highs, but how much you can save by downsizing can vary significantly depending on where you live.

Although the suburbs bring to mind the dream of home ownership new data from RentCafé reveals that burbs are up for rent! Three suburbs in the Chicagoland area are now renter-majority.

The 10-city composite index rose 1.4% on a monthly basis and 19.1% on a yearly basis, while the 20-city composite gained 1.5% monthly and 19.9% annually. 

The Mainstreet Organization of Realtors named John LeTourneau as its new president on Sept. 8.

When a penthouse at Chicago’s Trump International Hotel & Tower  listed for $30 million last Tuesday, the exorbitant price tag made headlines.

Illinois had the highest foreclosure rate in the nation in August 2021, according to new data from ATTOM’s U.S. Foreclosure Market Report.

The Mainstreet Organization of REALTORS was honored by the Daily Herald Business Ledger for taking initiative to promote diversity.

The FOOTE Team joined with Compass three months ago. Saturday, August 28, marked the official ribbon-cutting ceremony for their new office in downtown West Dundee.

Local real estate pioneer Larry M. Klairmont passed away peacefully on July 18, 2021. He was 94 years old.

In what’s been a historic, frantic market, homes selling for large sums over list prices have risen sharply since January.

During July 2021, single-family homes in the Chicagoland area spent substantially less time on the market than in July 2020, according to statistics from Mainstreet Organization of REALTORS®.

The Chicagoland brokerage firm RE/MAX Collection Premier by Janice Corley is now expanding with new offices in Hyde Park, the North Shore and Hinsdale.

The boutique brokerage Peak Realty Chicago announced the sale of 1015 W. Webster Ave: a three-unit, mixed-use building which includes a penthouse suite and both rental and retail space. It went for $2.5 million.

Smaller, more affordable homes are hitting the market, helping moderate median list prices, according to Realtor.com.

Throughout 2021 so far, Compass Chicagoland has greatly expanded. 77 new agents have already joined: a 63% increase from 2020.