Local News

Real estate news in Atlanta

Wallethub: Illinois middling when it comes to COVID-19 restrictions

A new report from the financial website Wallethub ranks each state on COVID-19 restrictions.

What brokers see on the horizon for entry-level housing

Brokers let us know what’s ahead for entry-level housing in Chicagoland.

A push for gentle density in City Council

Back when legislators were crafting language for an ordinance to make it easier for homeowners to build, rent out and remodel accessory dwelling units on their property, the hope from sponsoring Chicago City Council aldermen was that the legislation would have passed by August.

Affordable homeownership with a unique twist in Chatham

Low inventory of affordable homes is a major problem for today’s local real estate industry. But it’s not the first time Chicago has been short of what it needs in terms of housing.

More first-time buyers jumping in the suburban market

While many first-time buyers are looking for more affordable options, those who can afford a little more square footage are increasingly interested in getting out of the city.

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Chicago targets ‘party houses’ in new STR ordinance

Landlords who rent their properties on short-term rental sites such as Airbnb will soon see tighter regulations, and in some cases, new fees.

CoreLogic: Foreclosures could double by 2022

Serious delinquencies are expected to rise — particularly among lower-income households, small business owners and for those working in sectors hard hit by the pandemic.

New funding for housing on South, West sides

Mayor Lori Lightfoot announced a residential lending plan to complement the commercial development initiative known as INVEST South/West.

Celebrating the venues of Who’s Who 2020

Get a glimpse of the exquisite photo shoot locations from all over Chicagoland that are featured in the 2020 edition of Who’s Who in Chicagoland Residential Real Estate. 

Midwest home sales soar 81.4% in July

Nationwide sales of new single-family homes were at a seasonally adjusted rate of 901,000, up 13.9% from last month and 36.3% higher than July 2019.

More buyers are looking to leave Chicago for smaller cities

Buyers are moving from expensive coastal areas to more affordable inland areas, but the exodus from Chicago continues, according to a new report from Redfin.

Will looting fears depress Chicago’s real estate market?

As the city endures a tense summer, brokers share their thoughts about whether or not there will be an urban exodus, and what officials and the industry can do to solve issues underlying recent civil unrest.

NAR, NAHB shift 2020 lobbying efforts in response to COVID-19

The National Association of Realtors and the National Association of Home Builders are both backing candidates for congressional seats across the country and advocating for issues such as ramping up production of affordable housing and reversing widespread unemployment.

Sales surge in suburbia, but city remains flat

The most recent data on home sales and contract signings in Chicagoland points to a bifurcating market.

Chicago falls behind nation with 0.6% decrease in prices

Luxury home prices listed on Redfin rose 1.2% in early summer, according to a new report.

Best. Month. Ever. July home sales beat out 2019 by nearly 9%

Nationwide, the rebound is in full swing with sales experiencing their best month in the history of RE/MAX’s National Housing Report.

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