Local News

Real estate news in Chicago

The top 5 local news stories from 2022

Local Realtors need local news — and that’s where Chicago Agent comes in. Throughout the year, we cover so many stories about Chicagoland.

Chicagoland market inching back toward pre-COVID trends

With home sales down year over year, the suburbs may be sliding back toward pre-COVID trends, according to new numbers from the Mainstreet Organization of REALTORS.

Coldwell Banker acquires d’aprile properties

Coldwell Banker Real Estate Group has acquired d’aprile properties, a local, independent brokerage which operates throughout Greater Chicagoland.

On the banks of the Chicago River, big things are coming

Local experts gathered to discuss new developments along the Chicago River in a “River Talk” forum at DePaul University.

The return of @properties’ annual, in-person EXPO

@properties held its annual EXPO in-person for the first time in two years on Nov. 16. A record 1,600 agents attended the event.

The Hill of Western Springs breaks ground, marketed exclusively by BHHS Chicago

The Hill of Western Springs, a new boutique condominium, broke ground on Nov. 3. It’s being exclusively marketed by BHHS Chicago agents.

With unpredictable rates on the horizon … how will home prices swing in 2023?

Naturally, we’re all wondering how recent mortgage rate hikes will affect home prices in the coming year. What does it mean for home sellers and buyers?

Chicago-area home sales to drop in 2023 while prices grow, Realtor.com projects

Nationally, home prices and inventory, rents and mortgage rates will increase, while real estate transactions will decrease, according to Realtor.com.

Chicago ranks high among best cities in the world

Chicago came in at No. 13 in this year’s 2023 World’s Best Cities Report, a comprehensive annual study by Resonance Consultancy.

How the Chicagoland market is balancing out

As suburban inventory remains low, detached and attached homes are moving at different paces, according to new data from the Mainstreet Organization of REALTORS®.

Chicago Tribune names BHHS Chicago as a top Chicagoland workplace — See the full list

Every year, the Chicago Tribune releases the Top Workplaces ranking — and in 2022, several residential real estate companies topped the list.

Chicago-based Baird & Warner launches brokerage in Naples, Florida

Baird & Warner has opened a new branch in Naples, Florida. Although the Chicago-based brokerage has conducted some business in Wisconsin and Indiana, the move represents its first office outside of Illinois.

Rents are dropping in Chicago — kind of

Like home prices, post-pandemic rental costs have skyrocketed. But recent data shows a bit of relief in the city of Chicago.

To Naperville, and beyond: Where young homebuyers are settling down

Millennials make up 43% of current homebuyers — the highest share of any generation. So, where are they moving to in the Chicagoland area? And what are they looking for?

The Elaine Pagels Group becomes exclusive agent for Quincy Station

The Elaine Pagels Group, of BHHS Chicago’s Downers Grove office, were made the official listing agents for Quincy Station, a new luxury apartment building in Westmont.

Homes staying on the market longer, sellers feeling the pressure

The median age of inventory in Chicago is 57 days, down from 81 before the pandemic began.

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