Local News

Real estate news in Atlanta

@properties launches franchise in Wisconsin

This is first Wisconsin location for Chicago-based @properties, which began offering franchises to independent operators late last year.

Midweek listings in Chicago sell almost a day faster

Homes listed on a Tuesday, Wednesday or Thursday are selling for more than those listed on the weekend, but how much varies by metro area.

Chicago’s housing supply shortage expected to continue for some time

The housing supply shortage is expected to get more extreme as homebuyer demand continues to outweigh inventory levels, a new study found.

NSBAR joins forces with NICAR

The two real estate associations are teaming up to make a variety of services available to each other’s members.

Homeownership remains affordable despite price increases

Rising wages and falling mortgage rates are helping keep homeownership within reach of average wage earners nationwide despite surges in housing prices.

Home prices hit 15-year high nationwide

Prices in the Chicago metro area were up 6.3% over February 2020 with “normal” market condition indicators.

Chicago Association of Realtors hosts panels for Women’s History Month

In an industry where women outnumber men almost two to one, there’s still work to be done, according to three of Chicagoland’s top women broker-owners at a forum held by the Chicago Association of Realtors in recognition of Women’s History Month.

S&P Case-Shiller: Chicago home prices continue to climb

Home prices posted monthly and yearly gains in January across the U.S. as well, according to the S&P CoreLogic Case-Shiller Indices.

Evanston approves reparations for housing discrimination

“This historic vote is the culmination of nearly two years of community input, conversation, and hard work, but it follows decades of harmful policies and practices that impact Black Evanston families to this day.” — 5th Ward Ald. Robin Rue Simmons

NAR: Midwestern home prices up 14%

“Despite the drop in home sales for February — which I would attribute to historically-low inventory — the market is still outperforming pre-pandemic levels.” NAR Chief Economist Lawrence Yun

Low inventory still driving up Chicago housing prices

The median sale price of a home in Chicago was $275,000, a 1.5% increase month over month and a 12.7% increase over last year.

Baird & Warner launches new multi-media ad campaign

Baird & Warner has launched a new multi-media advertising campaign reflective of the several real estate services the company offers to both buyers and sellers.

Underwater homes down in metro Chicago

Nationally, homeowners with mortgages saw their home equity increase by 16.2% year-over-year from the fourth quarter of 2019.

Illinois jumps five spots to No. 30 in 2021 best states list

It also ranks among the top 20 states in the education, opportunity and crime and corrections categories.

Chicago ranked 9th most in-demand city based on 2020 mortgage loans

The mortgage lender looked at the average salaries of successful applicants in each city, their average FICO credit scores, the average size of their loan requests and the median list price for that location.

The Lending Issue: Ready, Set, Close!

To help you best serve clients in these uncertain times, we consulted with three of the city’s top lenders to find out their expectations for 2021 and what changes caused by the pandemic are here to stay.

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