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Chicago suburb named one of the best areas for families

For families hoping to relocate, Chicagoland’s Aurora suburb is a strong choice. In fact, a recent HomeUnion report listed Aurora as one of the country’s best places for families to live. The study analyzed markets across the country based

@properties moving into luxury rental market

The largest independent residential brokerage firm in Illinois is setting its sights on Chicago’s luxury apartment market. @properties recently acquired two apartment brokerage firms, StudentSpace and MedResidences, and created a full-service luxury apartment rental division, according to an announcement made

Coldwell Banker names Bob Kohler director of leasing division

Coldwell Banker Residential Brokerage has announced that real estate veteran Bob Kohler will lead the company’s leasing division. Kohler, a 15-year veteran of the industry, will oversee the day-to-day operations and will drive the division’s overall business strategy, Coldwell

Zillow’s ‘Zestimate’ facing class-action lawsuit, reports say

The Zestimate, Zillow’s algorithm-based property estimate tool, has long been a source of frustration for agents and those listing their homes. Now, the feature on Zillow’s popular website has officially come under fire, as two lawsuits against the online

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Illinois considering a tax on home services and repair

A new tax being considered by Illinois legislators would hit homeowners in a new and likely unwelcomed way. The state is considering a 6.25 percent tax on home repair and maintenance services, specifically including “repairing, cleaning, painting” in the

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Chicago suburban renters grew twice as fast as urban renters

From 2011 to 2015, Chicago suburban area renters strongly outpaced urban area renters, according to a report from Rent Café. The suburban net gain over those five years was 57,600, a 12 percent increase, while the urban net gain was

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These suburban Chicago markets have seen home prices rise the most

Much of the Chicago area is still recovering from the housing market collapse, but a number of suburban markets are seeing significant gains in their property values. Eight suburbs have seen their values rise by at least 50 percent

Chicago homebuyers will find the best deals in late summer

  As home shopping season goes into full swing, buyers may find that patiently waiting for late summer listings will lead to the best selection and prices. A new report from Zillow looked at the listings and price data

Remembering Margery Shinners

On Tuesday, April 25, 2017, Mainstreet Organization of REALTORS® CEO Margery Shinners passed away unexpectedly, according to MORe. Prior to working at MORe, Shinners worked at Moore Data Management Services and CONDEX Multiple Listing Service. Shinners joined the REALTOR®

Chicago rents have decreased in the past year

  Chicago rents decreased 1.9 percent in the past year to an average of $1,618, according to the March Zillow Real Estate Market Report. From 2015 to 2016, rent in Chicago increased 1.6 percent. Rents rose only 0.7 percent nationwide

Chicago ranked as one of the best college towns to buy an investment home

  Anyone interested in buying investment property in Chicago, take note: Redfin recently ranked Chicago No. 20 for best college town locations to buy an investment home. Redfin analyzed the latest U.S. New and World Report ranking and looked for

Millennials on the move target Chicago

  Chicago was the fifth hottest destination for Millennials who moved last year, according to a new survey from Mayflower. Some of the main characteristics that survey respondents were looking for in their new cities were job opportunities, affordable cost

Chicago foreclosure levels still above pre-recession average as nationwide levels drop

Chicago foreclosure levels are still above pre-recession averages while nationwide foreclosure activity falls below pre-recession levels, according to a new report from ATTOM Data Solutions. The Chicago-Naperville-Elgin MSA reported 14,396 properties with foreclosure filings, which is up 9.2 percent

Chicago home sales off to a blistering start in March

Chicago’s hot start to the home-selling season continued in March, when units sold and median sales price both jumped significantly since last year. In fact, it was the strongest sales totals of any March and any first quarter since

Homes sold faster than ever this March

Homes sold faster this March than any other March in seven years, thanks to rising demand and still-shrinking inventory, according to Redfin’s recent housing market report. Home sales jumped 9 percent in March when compared with March 2016, even as

Here’s how much Chicagoans pay in property taxes

Chicago-area homeowners pay some of the highest property taxes in the country. Local taxing authorities raked in over $12.3 billion in property taxes last year, the second most of any housing market in the country behind New York City’s $30

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