Local News

Real estate news in Atlanta

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.

Home prices are rising across the country, but in Chicago, the market is deemed stable

The CoreLogic HPI Forecast indicates U.S. price index will reach 5.3 percent by November 2020.

Pending home sales bounce back, though activity is dampened in the Midwest

After a slowdown in October, contract signings were up 1.2 percent in November, according to the National Association of Realtors.

Lincoln Yards, Chicago rendering
More community engagement on the horizon for megadevelopments

Lincoln Yards and The 78 will both get separate community advisory councils to make recommendations on the development process, an approach that could become commonplace for all major projects in the city.

Home sales up in the Midwest but down in Illinois

The latest numbers from Realtor associations at the local, state and national level reveal a “choppy” picture, but one key factor is the same in pretty much every market you look at.

The solution to the affordability crisis is right in our backyards, says a new report

Relaxed zoning could create millions of new homes in America’s single-family neighborhoods, according to a new report from Zillow.

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