Local News

Real estate news in Chicago

Report: Average home changes hands every 12 years

People staying in their homes longer is contributing to the lack of inventory that continues to impact buyers.

Illinois makes list of places home prices rose the least in past 5 years

As home prices have surged in many places over the last five years, Illinois lagged the national average.

BHHS Chicago opens new office in Geneva

The Move Smarter Team at Berkshire Hathaway HomeServices Chicago has opened a new office in west suburban Geneva. 

Pace of annual home-price gains slows in latest Case-Shiller; Chicago sees 5.9% increase 

The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 5.8% year-over-year in December, compared to a 7.6% gain in November.

Suburban Realtors remain confident in the Illinois market

Realtors in Northern Illinois are still bullish about the market, according to a new report from the Mainstreet Organization of REALTORS® — even though January 2023 showed decreased home sales year over year.

Naperville and Aurora rank among safest cities in the nation

Two Illinois areas ranked high on SmartAsset’s list of the safest cities in America: Naperville and Aurora.

As spring market approaches, Chicago buyers are getting more for their money

With the spring housing market just around the corner, homebuyers are getting more for their money as their mortgage payments are stretching further than they have in recent months.

Half of all U.S. cities seeing double-digit rent increases

Rents continue to be an attractive option for potential homebuyers holding off until mortgage rates fall and for those not quite ready to buy.

From young professionals to power brokers

Think of the Young Professionals Network like a locker room for Chicago real estate … a lot of MVPs have passed through its ranks. In this latest feature, we hear from some of those alumni about how YPN changed their lives.

Chicago No. 3 city for downtown living

Downtown Chicago hasn’t just bounced back from the pandemic — it’s thriving. The city came in No. 3 on StorageCafe’s list of the best cities for downtown living.

Growth brings rebranding for CENTURY 21 Circle

Twelve years of “explosive growth” for CENTURY 21 Affiliated has led the real estate franchise to rebrand as CENTURY 21 Circle.

Real estate in review: an unprecedented year for Chicagoland

It was another unusual year in Illinois real estate as sales slipped while prices remained high. New data from the Mainstreet Organization of REALTORS® outlines the details across Chicagoland.

Tribune East Tower to become Chicago’s 2nd-tallest building

The Willis Tower remains the tallest in Chicago. Now, a future structure is set to snag the No. 2 spot: the Tribune East Tower.

Buyer concessions make a comeback in the fourth quarter

A record share of sellers are giving buyers concessions including money for repairs and mortgage-rate buydowns.

Newmark launches single-family rental group  

The move comes despite a slowdown in the single-family rental market. 

How to make today’s sales models work smarter and win buyers in a challenging real estate market

Whether it’s for a downtown condo high-rise or a suburban single-family or town home community, a sales model needs to do much more than simply reflect popular design trends or showcase name-brand furniture and decor.

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