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Chicago construction starts continue to decline

Although there seems to be a flurry of construction activity throughout the city, starts are down across the board in the Chicago-Naperville-Joliet MSA on a year-over-year basis, according to the latest report from Dodge Data and Analytics. Residential construction starts spending

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Chicago LEEDs in green residential construction

Construction of both residential and commercial green buildings is increasing around the country, with developers, builders and buyers alike attracted by lower construction costs and energy savings. Real estate agents also are familiar with one of the biggest benefits

Hyde Park ranks as one of the hottest neighborhoods in the country

One of the hottest neighborhoods in the country is located in Chicago. A new study from the personal finance website GOBankingRates ranked the 20 hottest neighborhoods across the United States. It found that they are often right outside mid-sized

Chicago is one of the best cities for single women homeowners

Chicago is the 10th-best market for single female homeowners, according to a new study from Owners.com. The online real estate brokerage ranked the 20 best MSAs for single women to buy a home. A number of factors were taken

Schaumburg makes list of top 10 places to live in U.S.

In Realtor.com’s annual Best Places to Live list, Schaumburg came in at No. 9 for its strong business climate, investment in public facilities and amenities, proximity to Chicago and great education. The northwest suburb’s website boasts that it has

Housing prices keep going up amidst national inventory shortages

Housing prices increased 7.7 percent in August, according to a recent report from Redfin. This new hike in costs represents the greatest uptick in year-over-year home prices since May 2015. Nationally, the median sale price rested at $293,000, indicating

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See how much Chicagoans need to earn to buy a home in the area

A new study by HSH.com reveals what salary Americans must earn in order to afford a median-priced home in any given metro. For Chicago residents, the cost of homeownership rings in at $64,681.50 a year, an 8.44 percent increase overall from

CoreLogic HPI: Home prices are up across the board

According to the CoreLogic Home Price Index (HPI), home prices increased significantly both month-over-month and year-over-year in July. The study analyzed listing prices for a comprehensive set of single-family attached and detached homes in gathering its findings. Nationally, the average

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Rates of homeownership are still drawn upon racial lines, study finds

Buying a home remains a goal for many Americans. However, the road to homeownership is rockier for some than for others. A new Apartment List report reveals that the rate of homeownership in the United States varies greatly by

Housing affordability proves problematic for Chicago’s low-income renters

A new study by Zillow reveals that rent growth continues to eclipse income growth for Chicago’s lowest-income residents. The report – which considered both multifamily rent prices and U.S. Census data – concluded that even the cheapest apartments in

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Chicago construction rates declined in July, report finds

Though the amount of construction in Chicago might seem abundant to its residents, the dollar amount spent on construction starts is actually on the decline throughout the city. A recent report by Dodge Data & Analytics reveals that total

Illinois home prices grow while sales decline

A low housing inventory in Illinois caused home prices to increase in July while the number of sales dipped, according to a new report from Illinois Realtors. Home sales dipped 4.3 percent from July 2016 to 15,677 statewide while

Coldwell Banker Residential Brokerage opens new Lincoln Park office

Photo: Tim Newhouse, New Vintage Photography Coldwell Banker Residential Brokerage has announced the opening of its new flagship Lincoln Park office located at 1910 N. Clybourn Avenue. More than 200 affiliated agents based out of the company’s former Lincoln

Redfin: Chicagoland neighborhood one of country’s hottest

The Country Lakes neighborhood in Naperville is one of the top 10 Hottest Neighborhoods in the country, according to Redfin. The list is based on recent growth in home listing page views and favorites on Redfin.com. The median sales price

On the move: Why Chicago renters are leaving in droves

Despite settling in Chicago, a recent Apartment List report suggests that many of the city’s renters aren’t so settled after all. The survey – which consists of nearly 24,000 metropolitan renters nationwide – reveals that nearly 80 percent of residents currently

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Coldwell Banker Residential Brokerage in Chicago acquires Century 21 McMullen

Coldwell Banker Residential Brokerage in Chicago announced today it has acquired the assets of Century 21 McMullen in Chicago.  Century 21 McMullen, which has served the Chicagoland area since 1945, has 200 affiliated agents and will now conduct business under

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