Three Chicago suburbs have secured spots on a new list of the 50 wealthiest in the United States, highlighting the region’s enduring affluence and desirability.

Banner Real Estate Group broke ground on The Faywell, a 334-unit multifamily community in downtown Wheaton, after nearly five years of development.

Kayne Anderson Real Estate and JDL Development have acquired the development site at 2001 North Southport Ave. — also known as Lincoln Yards North — to be rebranded as the Foundry Park residential community.  

The residences are located on the 800 block of North Homan Avenue in Chicago’s Humboldt Park neighborhood.

“Be consistent, work hard, be kind, and stay humble.” — Kari Wilson, Team Leader, Real Broker, Naperville and Bartlett

2025 REALTOR® Party Director Zeke Morris says the association’s lobbying efforts begin at the local level.

Chicago’s housing inventory continues to rise, thanks in part to a boost in new-home construction in the market.

MRED’s MLS network now comprises 16 Realtor associations. 

“Build a relationship with a mentor. Be proactive, listen and learn.” — Matthew Fuhrman, Licensed Real Estate Broker, eXp Realty Chicago and eXp Realty Southwest Florida

Baird & Warner has acquired Dream Town, which will now represent a combined entity of almost 3,000 agents, loan officers and staff.

The sales price represents the highest price per unit ever recorded for an apartment property of at least six units in Frankfort. 

The pace of home-price appreciation slowed to its most modest pace since 2023, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. 

Inventory was up statewide and in Chicagoland but down within city limits. 

Chicagoland’s suburban median price for attached homes rose 5% in May, reaching $420,000 — up from $400,000 a year ago, according to data from Mainstreet REALTORS®.

The new executive, Kelly Maggio, takes over from Managing Broker Tom Downing, who has taken on a broader role. 

The agents were ranked in the association’s annual Top 250 Latino Agents Report.