Local News

Real estate news in Chicagoland

Nearly a third of Chicago homes face bidding wars
Nearly a third of Chicago homes face bidding wars

In Chicago, 31.9% of Redfin offers faced bidding wars in January compared to 26.3% in December 2020.

Illinois No. 3 in 2020 LEED Certified projects
Illinois No. 3 in 2020 LEED Certified projects

More than 60% of certifications across the top states, including Illinois, were offices, health care, higher education and K-12 projects, the report noted.

What must you earn to afford a Chicago home payment?
What must you earn to afford a Chicago home payment?

The website, which notes that housing costs take up about one third of average spending for households, configured data by assessing the median home value and mortgage payment to show the minimum level of income necessary.

@properties designates top Detroit brokerage its first franchisee
@properties designates top Detroit brokerage its first franchisee

The firm is Detroit’s top residential broker for downtown and the city’s top brokerage for adaptive-reuse and new-construction developments.

Chicago among the few major markets with declining rents
Chicago among the few major markets with declining rents

“In the final months of 2020, single-family rents posted the highest increases in over four years,” said Molly Boesel, principal economist at CoreLogic. “However, single-family rent price reaction to the pandemic and resulting recession differed greatly across metros.”

Haake Team joins RE/MAX
Haake Team joins RE/MAX

Bringing their combined 30 years of experience, the Haake Team has joined the ranks of RE/MAX Ultimate Professionals, operating out of the Plainfield office.

Chicago metro home prices jump 14.7% in 2020
Chicago metro home prices jump 14.7% in 2020

The report added that vacation homes and affordable homes in small towns near major urban centers were in strong demand as a result of the pandemic.

Compass expands leadership with Joe Pasquesi
Compass expands leadership with Joe Pasquesi

Real estate brokerage and technology firm Compass has expanded its Chicago team with Joe Pasquesi as sales manager of the North Shore region.

Chicagoland Real Data and Top Producers 2020
Chicagoland Real Data and Top Producers 2020

Welcome to our Top Producers/Real Data issue, which highlights those who made waves in the 2020 Chicagoland market.

Waiting to buy in Chicago could mean higher mortgage payments
Waiting to buy in Chicago could mean higher mortgage payments

Fence-sitters thinking of buying a home beware, says a new study from Zillow, which notes that waiting could mean a much higher mortgage payment down the road.

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