Local News

Real estate news in Atlanta

2 of the nation’s 10 safest suburbs are in Chicagoland

Two of the 10 safest suburbs in the nation are located in Chicagoland, according to new rankings from NeighborhoodScout. Basing its analysis on the rate of property and violent crime per 1,000 residents, NeighborhoodScout found that Lake in the

Chicagoland’s Top Closings, Dec. 2016

In our new Real Data report, we’ve detailed the agents who closed December’s top home sales throughout Chicagoland. Click on the tabs below to adjust between the single-family, condo and townhome markets: Single Family Condo Townhome Single Family Sales Price Property

Buying bests renting in most of Chicagoland’s housing markets

It makes more financial sense to buy than rent in half of Chicagoland’s counties, according to new research from ATTOM Data Solutions. In its analysis, which incorporated 2017 rent data from HUD, wage data from the Bureau of Labor Statistics and public record sales

Chicago housing stock country’s No. 6 most valuable

Chicago’s housing stock is the No. 6 most valuable in the entire country, according to a year-end analysis from Zillow. Altogether in 2016, Chicago’s residential properties are worth just over $772 billion, topping other major markets like Dallas, Phoenix and

Chicagoland new construction continues sensational growth

The Chicagoland new construction market continues to put up some of the most impressive numbers in the nation, according to research from Dodge Data & Analytics. In November, Chicagoland saw more than $450 million in total residential construction spending, which is

The Top 10 Who’s Who Profiles of 2016

Our annual Who’s Who is among the most hotly anticipated publications in Chicagoland real estate, and we were happy to profile some of the area’s top professionals. Here are the profiles that have attracted the most attention from our

Chicagoland home sales skyrocket in November

Home sales in the nine-county Chicagoland area rose strongly in November, according to new numbers from Illinois Realtors. With 6,979 sales for the month, the Chicagoland market was up 16 percent from a year ago. Meanwhile, the median sales

Chicago is a top 10 market for immigration – that is great for housing

There are more than 44 million immigrants living in the U.S. They account for about 13.6 percent of the total population, and together represent billions in annual real estate transactions – and Chicago is one of the eight cities best

The secret reason behind housing’s inventory shortage

When it comes to the housing market’s ever-worsening inventory situation, one factor receives an outsized share of the blame – the historically low levels of home construction. Although the explanations for construction’s low volume differ – NAR has consistently argued that builders

Study: Chicagoland starter homes becoming more difficult to attain

Starter homes in the Chicagoland area remain relatively affordable, but they are slipping out of reach for many consumers. That was the finding of a very interesting new study from Trulia, which assessed the status of starter homes in

How a slight rise in Chicago home prices damages affordability

Affordability is a chief concern in the Chicago real estate market, as it is in many markets. But even though it’s a popular talking point for industry insiders, few understand the true volatility of “affordable.” To some families, the line

Do not worry – rising mortgage rates are not the end of the world

The news sounds bad: mortgage rates have risen aggressively since the presidential election, and are now at their highest level since July 2015; for the first week in December, rates posted the largest weekly jump since 2013; and the Federal

3 signs of how Millennial homeownership has fallen in Chicagoland

It’s no mystery that Millennials face unique challenges on the homeownership front. From slow wage growth to soaring student debt burdens, economic forces have kept Millennials on the housing sidelines, and a huge share still live at home with

4 reasons suburban markets are thriving – and will only grow stronger

Over the last 15 years, 91 percent of population growth in the country’s 50 largest and most urban cities took place in the suburbs, according to a joint report from the Urban Land Institute and RCLCO. That’s a stat

Chicagoland’s Top Closings, Nov. 2016

In our new Real Data report, we’ve detailed the agents who closed November’s top home sales throughout Chicagoland. Click on the tabs below to adjust between the single-family, condo and townhome markets: Single Family Condo Townhome Single Family Sales Price Property

The 10 best elementary schools in Chicagoland

Meadow Glens Elementary in Naperville is the best elementary school in Chicagoland, according to new rankings from Niche. Using such factors as state test scores, student-teacher ratio, student diversity, teacher quality and the overall quality of the school district, Niche ranked elementary

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