Low inventory of affordable homes is a major problem for today’s local real estate industry. But it’s not the first time Chicago has been short of what it needs in terms of housing.

While many first-time buyers are looking for more affordable options, those who can afford a little more square footage are increasingly interested in getting out of the city.

Maxine Davis Phillips and Steve Phillips spent $32 million renovating the Georgian-style home, which is on the grounds of a former stop on the underground railroad and later served as home to a group of Franciscan friars.

Clients not ready to buy? UWM officials say they’re willing to lease it, too.

The biggest players in the iBuyer market closed up shop at the beginning of the pandemic, and a new report shows the numbers.

More than 2,000 down payment and closing cost assistance programs are available to help eligible buyers, according to the latest 2020 Homeownership Program Index.

Landlords who rent their properties on short-term rental sites such as Airbnb will soon see tighter regulations, and in some cases, new fees.

Serious delinquencies are expected to rise — particularly among lower-income households, small business owners and for those working in sectors hard hit by the pandemic.

The U.S. economy added 1.4 million new jobs in August, but one economist warns that permanent job losses are a bigger problem.

Mayor Lori Lightfoot announced a residential lending plan to complement the commercial development initiative known as INVEST South/West.

This year’s release of the CREW Network’s benchmark study shows some backsliding in the industry, though there were a few bright spots as well.

Real estate industry associations oppose the decision and are calling on Congress to provide rental assistance to housing providers.

Get a glimpse of the exquisite photo shoot locations from all over Chicagoland that are featured in the 2020 edition of Who’s Who in Chicagoland Residential Real Estate. 

Nationwide sales of new single-family homes were at a seasonally adjusted rate of 901,000, up 13.9% from last month and 36.3% higher than July 2019.

Buyers are moving from expensive coastal areas to more affordable inland areas, but the exodus from Chicago continues, according to a new report from Redfin.

As the city endures a tense summer, brokers share their thoughts about whether or not there will be an urban exodus, and what officials and the industry can do to solve issues underlying recent civil unrest.