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Affording a down payment is biggest hurdle to homeownership, Chicagoans say

About 70 percent of renters say securing enough cash for a traditional down payment is the biggest obstacle to buying a home, according to a study by Zillow. With an average mortgage payment costing less on a monthly basis

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Chicago agent is the youngest person on Realtor Mag’s “30 Under 30” list

A Chicago agent has been included on this year’s “30 Under 30” list by Realtor Magazine, the youngest person to make the cut. Melanie Stone, broker at Coldwell Banker’s Gold Coast office, was one of 30 young people named

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9 stats that show homebuyers want green technology

Sustainability and an environmentally friendly community are amenities that more and more homebuyers are looking for, according to a recent survey by the National Association of Realtors. Here is perhaps the most obvious sign that green technology is a

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New home construction soars in Chicago

In the midst of a national inventory shortage, new construction spending is up in Chicago, according to the latest numbers from Dodge Data & Analytics. Dodge’s report shows that in the month of February, the metropolitan statistical area of

Bronzeville is poised for a real estate rejuvenation

  Bronzeville was once a bustling hub of the South Side. Home to poet Gwendolyn Brooks, musician Louis Armstrong, writer Richard Wright, journalist and social activist Ida B. Wells and nine National Landmarks, Bronzeville has a rich history. Dubbed the “Black Metropolis”

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Chicagoland’s top-selling suburbs, Feb. 2017

  We’ve ranked the top-selling suburbs in Chicagoland in February 2017, using data provided by Redfin. Use the tabs to navigate between total home sales, single-family sales and condo/townhome sales: Total Home Sales Single-Family Home Sales Condo/Townhome Sales Suburb

Chicago’s top-selling neighborhoods, Feb. 2017

  Our chart below ranks Chicago’s neighborhoods for home sales in February 2017, using new data from Redfin. Use the tabs to navigate between total home sales, single-family sales and condo/townhome sales. Total Home Sales Single-Family Home Sales Condo/Townhome

The most expensive ZIP codes in Illinois in 2016

  Which Illinois ZIP codes have the highest median sales price? Real estate research company PropertyShark recently ranked the 50 most expensive ZIP codes in Illinois. At the top of the list is Kenilworth’s 60043 ZIP code, with a median sales

Buyers and sellers open up: 6 things that influence homebuying decisions

To better understand the perspective and experiences of people who were in the market to buy or sell a home in 2016, Redfin recently commissioned SurveyGizmo to ask 3,352 Americans what would influence their buying or selling of a home.

Despite market uncertainty (or perhaps in spite of it) more people want to buy homes, study finds

Every year, Redfin polls recent and prospective homebuyers in an attempt to gauge how people’s views of the housing market have changed, or remained the same, from one year to the next. But this year is different. This year

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Illinois representative wants door open to rent control, IR says keep it closed

The 1997 Rent Control Preemption Act keeps Illinois’ state and city governments from regulating or controlling rent prices. State Representative Will Guzzardi of the 39th District here in Cook County has introduced a bill to change that. But not

Breaking: Related Realty acquires Streeterville-based brokerage

As of today, Streeterville Properties Group (SPG), a 23-year-old staple of Chicago’s Streeterville real estate market led by veteran broker Gail Spreen, is a part of Related Realty. The acquisition comes as an effort from Related to strengthen its

Dearborn Realtist Board town hall addresses the state of housing in Black America

Housing segregation is a problem in every major U.S. city, including Chicago. How members of the real estate community, and particularly members of the Black real estate community in Chicago, can address that problem was front and center at

What’s the average mortgage debt in our state?

Illinois homeowners on average have more mortgage debt than borrowers in most other states, an analysis from Business Insider confirmed this month. How much debt exactly? According to data Business Insider obtained from Experian, $176,282 in 2016, making it

Chicago’s new construction market firing on all cylinders

Chicago’s new construction market ended 2016 on a high note. It started to 2017 still hitting that same note, apparently. A new report from Dodge Data & Analytics shows that in January, residential construction spending in Chicago skyrocketed over

Chicago’s not only walkable, it’s safely walkable

Chicago is a safe city for pedestrians – one of the safest in the nation, a new study found. And that’s great news for real estate agents, because today’s homebuyer is mobile. We already knew Chicago was a walkable city.

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