“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

“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

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

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

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

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.

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.

In Chicago, 31.9% of Redfin offers faced bidding wars in January compared to 26.3% in December 2020.

More than 60% of certifications across the top states, including Illinois, were offices, health care, higher education and K-12 projects, the report noted.

The website, which notes that housing costs take up about one third of average spending for households, configured data by assessing the median home value and mortgage payment to show the minimum level of income necessary.

The firm is Detroit’s top residential broker for downtown and the city’s top brokerage for adaptive-reuse and new-construction developments.

“In the final months of 2020, single-family rents posted the highest increases in over four years,” said Molly Boesel, principal economist at CoreLogic. “However, single-family rent price reaction to the pandemic and resulting recession differed greatly across metros.”

The report added that vacation homes and affordable homes in small towns near major urban centers were in strong demand as a result of the pandemic.

Welcome to our Top Producers/Real Data issue, which highlights those who made waves in the 2020 Chicagoland market.

Fence-sitters thinking of buying a home beware, says a new study from Zillow, which notes that waiting could mean a much higher mortgage payment down the road.