Local News

Real estate news in Atlanta

Is the luxury market bouncing back? It depends on where you live

A new report shows that the luxury sector inched up 1.6 percent year-over-year in the fourth quarter.

Zumper: Rents up in Chicago

Rents up slightly nationwide in February. Find out where Chicago ranked.

‘Ban the box’ for rentals: How Cook County landlords must adapt

To meet the ambitious goal of ameliorating the effects of the criminal justice system on housing, Cook County commissioners amended the county’s Human Rights Ordinance to include more provisions for housing-related issues. Here’s what you and your clients need to know.

Marijuana is now legal in Illinois. Is your business ready?

Whether your brokerage will enthusiastically rent to dispensaries or would prefer to avoid marijuana altogether, this new law is sure to touch your clients, agents and employees. Put policies in place now to shape how you deal with it, and keep an open line of communication with your legal counsel so you can adapt policies appropriately as the Illinois marijuana market grows.

Pritzker’s pledges on property taxes, attracting new residents and more

In his first State of the State address, the governor touched on a number of topics that will have an impact on the real estate industry. Here are a few key moments from his speech that real estate professionals should be aware of.

Homes, neighborhoods draw more people to Chicagoland than jobs

While the pursuit of new or better employment prospects normally motivates people to take on a long-distance move, recent data suggests that Americans may now be more inclined to relocate for housing related reasons.

All the single ladies . . . are outpacing men in homeownership

A new study by Lending Tree shows that single women own almost 14 percent of homes in Chicago.

Midwest home sales up more than 9 percent from a year ago

Existing home sales bounced back in December in every region of the U.S. but the Midwest, following a small slump the previous month, according to NAR’s monthly existing-home sales report.

How to sound smarter next time you’re asked about recession risk

The Chicago Fed’s senior economist breaks down some of the more common misconceptions about the chance of recession in 2020 and offers thoughts on how real estate pros can be better consumers of economic data.

Chicagoland finished 2019 with its largest sales increase of the year

In a year that showed slowing home sales overall, RE/MAX’s most recent market report offers a bit of sunshine.

Demos near 606 officially blocked in anti-gentrification move

Chicago City Council approved a six month ban on building demolitions along the popular biking and running path.

Chicago suburb named 2nd best city to live in

Winnetka Village was named the 2nd best United States city to live in by a financial news site.

Working with investors? Here’s the number crunch in Chicago

A new report estimates the potential profits and costs of being a landlord in cities across U.S.

Freddie Mac projects healthy outlook for Chicago multifamily market in 2020

Rent growth to continue as new supply is absorbed.

Bidding wars on the decline in Chicago

Redfin report shows competition for homes has dropped across the nation.

Bulls and bears: Potential positives and pitfalls for Chicagoland in 2020

CAR’s 2020 Market Update featured forecasts from three economists looking at what the real estate community can expect in the near future. However, there was some disagreement in terms of what the coming year will bring.

New Subscribe

  • This field is for validation purposes and should be left unchanged.