Illinois REALTORS® applauded three new laws impacting housing affordability, fraud prevention and statewide housing planning.

The new-construction market continues to evolve in response to interest rates, shifting buyer preferences and development challenges.

For real estate agents eyeing a leap into new construction and investing, Joe Kotoch, a seasoned Chicago-based real estate strategist, offers a road map built from years of hands-on experience.

“Be yourself, and wear what makes you feel confident. Trends come and go, but when your style feels authentic to you, it always looks good. Don’t be afraid to experiment, but don’t force it, either.” Idallys Corral, Realtor, Compass – Lincoln Park

Housing starts, existing-home sales and inventory all rose, according to the latest edition of the Chicago Housing Scorecard.

The View will bring 573 apartments to the 310-acre super-regional, mixed-use project, the Rock Run Collection. 

Nationally, home sales rose 0.6% year over year but slid 0.7% month over month, RE/MAX said. 

The Chicago Cubs versus the Chicago White Sox game is a crosstown classic rivalry rooted in North Side vs. South Side history and culture. This year’s game on July 25, while not short of excitement, looked a bit different

The pace of detached and attached home sales was up slightly year over year, while prices showed larger gains — again. 

Multifamily brokerage Luxury Living’s latest market update showed rents rising across all seven downtown submarkets in the second quarter. 

Fulton Grace Realty has acquired Main Street Real Estate Group, adding nearly 50 experienced agents and local experts to its team.

Crown Community Development has begun construction on The Grove, a 760-acre master-planned community located at the interchange of Interstate 88 and Route 47 in Sugar Grove, just 45 miles west of Chicago. 

SVN Chicago Commercial has closed the sale of an approximately 80,000-square-foot parcel of riverfront land at 2221 W. Oakdale Ave., located in Chicago’s Roscoe Village neighborhood.

After the sudden shutdown of VHT Studios, Baird & Warner wasted no time launching its own Image Services division to deliver visual marketing solutions for the firm’s agents and clients.

“Get a mentor right away and get a coach for your mindset AND real estate!” — Kathy Cordova, Realtor, eXp Realty, Northbrook

Nationally, the pace of home-price appreciation declined to its slowest pace in almost two years, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.