News / Features

Anticipating an avalanche of COVID-19 appeals, assessor begins reducing values

Cook County Assessor Fritz Kaegi announced the first set of property value reductions as a result of the economic implications of the coronavirus pandemic.

Pending home sales took a deep dive in April, but NAR upgrades its forecast

NAR’s chief economist says April’s decline could be the lowest point in the market, and that he expects it to bounce back soon.

Mortgage applications are up, consumer confidence stabilizes

Encouraging new data shows that buyers are coming back and consumers are feeling more confident, though concerns about job stability and possible inflation remain.

‘Major expansion’ eyed by @properties in latest move

The Chicago-based firm announced it’s starting its next chapter with an equity investment in the South Atlantic region of the U.S.

Rent increases down in Chicago in April

A new report that rent is still rising, but by much less in most cities, as a result of the COVID-19 crisis.

Despite pandemic, new homes are selling

Data shows sales of new construction single-family homes rose slightly in April while price growth continues, albeit slowly.

Three steps to go from being perceived as an agent of gentrification to an agent of revitalization

Three real estate professionals offer their approach to gentrification.

Sounding off on the radioactive topic of gentrification

Many in real estate tread lightly when broaching the topic of gentrification, but one Chicago broker has no qualms about speaking his mind.

Is there a ‘yes’ coming soon to your backyard?

Learn how the Yes In My Backyard Act could help alleviate issues of affordability and housing discrimination from one of the bill’s co-sponsors.

How the fight to expand ADUs in Chicago will impact real estate

While current zoning rules stand in the way of expanding ADUs, representatives in the Chicago City Council plan to introduce an ordinance soon to change that.

Free haunted house, but please take it with you

A two-story haunted home in Youngsville, Louisiana, is on the market for the low, low price of $0, but there’s a catch.

Going where no one has gone before

This “Star Trek”-themed movie room is decked out to imitate the bridge of the Starship Enterprise. Beam us up, Scotty.

Illinois beats the national dip in sales

Existing home sales were down across the country last month, but Illinois saw less of a decrease than many other states.

Redfin: Housing shortage prompts bidding wars

Good news for sellers: Homes on the market under $1 million are receiving multiple offers in desirable cities.

Existing-home sales drop 17.8% in April, but first-timers are coming back

Coronavirus lockdowns disrupted sales in April, but the data shows an increase in new homebuyers.

From passive reaction to seizing the day: How the Chicagoland market is changing

Learn how a proactive attitude can solve contract cancellations, as well as uncertainties looming over your clients and the market overall.

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