Agents at @properties who earned more than a quarter-million dollars in commissions for the first time with the company were awarded a high-end attaboy by the brokerage for their work in 2020.

The program allows these temporary renters to recoup 50% of the rent they pay (up to 2.5% of the sales price) during construction as a credit toward their condo at closing.

Inventory levels rebounded last month, finally showing signs of recovery following a year of historical declines. 

The typical increase in home sales as summer approaches failed to materialize nationwide last month, with average sales dropping 0.2% from April to May, but month-over-month sales in Chicago bucked the trend, climbing 4.3%, according to the RE/MAX May National Housing Report.

Illinois is the 18th-best state to live in the country, according to WalletHub’s 2021 Best States to Live In list. 

CoreLogic says the boost in equity will help stave off foreclosures, but the share of homes underwater in the metro Chicago area was at 6.1% at the end of the first quarter of 2021, outpacing the national rate of 2.6%.

Experts at Builder Magazine recently came out with their Local Leaders list for 2020, which ranks the country’s 50 largest new-home markets based on closings by the end of the year.

Some cities fared better than others with the global pandemic and Chicago is one of them, according to The Economist’s 2021 Livability Index’s ranking of the most livable cities in the world.

Rising property values had homeowners cashing out of their existing residences to buy bigger homes in less-expensive areas last year.

Detached single-family homes listed in the Chicago area are selling faster than ever, spending an unprecedented average of 53 days on the market in April, according to a report from the Mainstreet Organization of Realtors (MORe).

Houses in today’s market are selling in days, and Chicago sellers wanting the best chance for a quick sale should list on a Thursday before Labor Day, according to a new analysis from Zillow. 

While masks and social distance requirements may eventually fall by the wayside, much of the new real estate technology that has surfaced during the pandemic is likely to stick around for the foreseeable future.

Home-price growth remained in double digits for the 10th straight month in May as inventory lows pushed the median listing prices up 15.2% from last year.

City life is reawakening after a year marred by the pandemic, but that doesn’t mean the resurgent demand for homes in the neighboring suburbs is coming down any time soon.

The pace of housing-price gains in Chicago quickened in March, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which showed a 1.9% increase from February and a 9% increase from a year earlier, compared to a gain of 0.2% the previous month.

Housing records continue to be broken, but despite the strong numbers, data could indicate homebuyer demand is reaching a peak.