Local News

Real estate news in Atlanta

Putting the ‘home’ in Homewood

Dale Taylor has been supporting members of his community who have become homeless for nearly two decades. Now, the broker-associate with RE/MAX 10 in New Lenox has been recognized with a grant from the National Association of Realtors.

What ‘missing middle’ looks like in Chicago, Peoria and Lake Bluff

Three communities face different challenges to affordable housing, as uncovered at the recent American Planning Association conference.

U.S. home prices grow for first time in 15 months

A 15-month run of decreasing year-over-year gains in U.S. home prices ended in July, according to the S&P CoreLogic Case-Shiller National Home Price Index. However, price growth in Chicago and other major cities was less robust than the national picture.

sign at Chicago Build Expo 2019
Encouraging development while maintaining affordability

At the Chicago Build Expo, city officials discussed ways for Chicagoland to battle negative preconceptions and maintain its pace of growth while also bolstering affordable housing before an audience of contractors, developers, real estate professionals and others at the McCormick Place convention center.

data from RE/MAX Housing Report
Sales fall while prices still on the rise in Chicagoland

Despite a sluggish market, RE/MAX’s latest housing report shows there are still deals to be had for luxury-level buyers and sellers with homes priced on the lower side of the spectrum.

Are you in a weed zone? Dispensary ordinance offers details

Mayor Lightfoot’s proposed ordinance looks to manage where and when dispensaries can begin selling recreational marijuana in Chicago, complete with a list of “cannabis zones” and one area where sales will not be permitted.

The National League of Cities' classification of urban areas in Chicagoland
Chicago is classified as ‘rent-burdened.’ Here’s what that means.

Learn why the National League of Cities put Chicago in this category, rather than a “high-opportunity” or “wealth-pocket city,” and what researchers think can be done to turn things around.

Whether city or suburbs, developers still rely on brokers to sell

Agents specializing in Chicago may be attracted to some parts of the suburbs as they become more desirable and livable for the newest generation of homebuyers — and vice versa. But it can be difficult to make the leap.

A yes to transfer taxes, with intentions to avoid higher property taxes

In her first State of the City address, Mayor Lightfoot says she’s willing to sacrifice her political career to solve Chicago’s budget crisis.

Chicagoland renters suffer higher cost burden than homeowners do

It’s no secret that monthly mortgage costs tend to be less than rent on average. But the differential is also having a dramatic effect on the other side of the spectrum: housing affordability.

Why new construction isn’t easing Chicagoland’s inventory problem

The homebuilder community has regularly offered a succinct answer to the reason for its industry’s sluggishness, generally calling out labor, lumber, laws and land as pain points. But some researchers are poking holes in their assertions of late. 

Visualizing suburban housing market momentum

Which areas of Chicagoland are seeing the highest increases and decreases in median sale prices?

Home sales rebound, though Chicago still shows sluggishness

Statewide home sales were up 0.3 percent from last year and sales in Chicagoland were up 0.2 percent from July 2018. But looking solely at the city of Chicago, Illinois Realtors recorded a 5.3 percent year-over-year decrease in existing-home sales.

What you need to know about the new license law

Now that Governor J.B. Pritzker has signed an update of the real estate license act into law, many changes are technically effective now. While some provisions will need to be complied with immediately, other portions of the law will require rules committees to hack out the details in the coming months. Learn what you need to know to stay on the right side of license law.

Chance the Rapper tips hat to Janice Corley of RE/MAX Premier in a song

Many real estate agents strive to connect people, and many of those connections prosper in unpredictable ways. Learn how Janice Corley connected her daughter with Chance the Rapper at a RE/MAX party when the two were just kids.

Fritz Kaegi on his plan to be the most transparent tax man in America

When Fritz Kaegi took office as Cook County Tax Assessor in December, homeowners and real estate agents had a lot of questions. But Kaegi opened his presentation at a Southside Builders luncheon in the South Loop Wednesday with a question for the audience.

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