Local News

Real estate news in Atlanta

Parking preferences shifting due to COVID-19?

A new study shows online searches are down for apartments with parking spaces in Chicago. Could that change as public transit ridership dwindles?

Home prices are up, but that might not last

CoreLogic reports home price acceleration continued in April, but — in a shift away from other industry predictions — expects the first decline in values to begin in 2021

How Chicago brokers are stepping up in the wake of violent protests

Two real estate pros share their experiences with the rioting and unrest that have rocked Chicagoland recently, as well as some ideas for how to help.

As Chicagoland reopens, what are the new rules for real estate?

IDFPR’s Division of Real Estate released a new document outlining how agents and brokerages can reopen offices and conduct business within the new phase of the Restore Illinois plan.

Illinois has fourth highest number of zombie foreclosures in the nation

A new ATTOM report reveals that zombie foreclosures declined in the second quarter of 2020, likely a result of the temporary foreclosure moratorium on federally backed loans.

Anticipating an avalanche of COVID-19 appeals, assessor begins reducing values

Cook County Assessor Fritz Kaegi announced the first set of property value reductions as a result of the economic implications of the coronavirus pandemic.

Pending home sales took a deep dive in April, but NAR upgrades its forecast

NAR’s chief economist says April’s decline could be the lowest point in the market, and that he expects it to bounce back soon.

‘Major expansion’ eyed by @properties in latest move

The Chicago-based firm announced it’s starting its next chapter with an equity investment in the South Atlantic region of the U.S.

Rent increases down in Chicago in April

A new report that rent is still rising, but by much less in most cities, as a result of the COVID-19 crisis.

Three steps to go from being perceived as an agent of gentrification to an agent of revitalization

Three real estate professionals offer their approach to gentrification.

Sounding off on the radioactive topic of gentrification

Many in real estate tread lightly when broaching the topic of gentrification, but one Chicago broker has no qualms about speaking his mind.

Is there a ‘yes’ coming soon to your backyard?

Learn how the Yes In My Backyard Act could help alleviate issues of affordability and housing discrimination from one of the bill’s co-sponsors.

How the fight to expand ADUs in Chicago will impact real estate

While current zoning rules stand in the way of expanding ADUs, representatives in the Chicago City Council plan to introduce an ordinance soon to change that.

Illinois beats the national dip in sales

Existing home sales were down across the country last month, but Illinois saw less of a decrease than many other states.

Redfin: Housing shortage prompts bidding wars

Good news for sellers: Homes on the market under $1 million are receiving multiple offers in desirable cities.

Existing-home sales drop 17.8% in April, but first-timers are coming back

Coronavirus lockdowns disrupted sales in April, but the data shows an increase in new homebuyers.

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