News / Features

RE/MAX: Chicago home sales rise year over year in August

The decline in sales came as a 17-month run of year-over-year increases in new listings came to a close.

Rate launches mortgage industry’s first mobile app in Spanish

Rate has launched the first fully integrated Spanish-language mobile app from a U.S. mortgage lender. 

Fed cuts rates by quarter point, nods to further reductions

The move was widely anticipated and is expected to be followed by additional cuts this year. 

A house only accessible by boat

The home is listed by Jake Scheloske and Tim Pagano of Agresti Real Estate for $359,000 — and since it’s not technically on land, there’s no real estate taxes.

mortgage applications
Mortgage applications jump almost 30% ahead of anticipated Fed rate cut

The jump in mortgage activity was driven in large part by refinancings, which surged 58% in the week ended Sept. 12. 

August single-family construction falls to slowest pace since July 2024

At the same time, completions of new single-family homes were on the rise last month, according to federal statistics. 

Realtor.com: Mid-October is best time to buy a home in 2025

Looking for the best time to buy in 2025? It’s the week of Oct. 12–18, says Realtor.com. 

Mainstreet REALTORS® installs Kinga Korpacz as new president

Mainstreet REALTORS® installed Kinga Korpacz as its 105th president, along with its new board of directors, at its annual installation ceremony on Sept. 9. Korpacz succeeds Connie Vavra, who served as Mainstreet’s 2024–2025 president.  Korpacz, broker/owner of EXIT Realty

Builder outlook hits 6-month high on rate-cut expectations

The National Association of Home Builders said its monthly builder-confidence survey indicated rising optimism that lower interest rates could spur new-home buying activity. 

Tatiana Reed departs Coldwell Banker for Keller Williams ONEChicago

Tatiana Reed will be working from Keller Williams’ new Bronzeville location on East 47th Street.

Waterton acquires The Mason residential mid-rise downtown

Located at 180 N. Ada St. in the Fulton Market district, the property offers 263 apartments. 

Luxury Living International agent Libby Andrews joins Pearson Realty

In the last year, Andrews obtained her real estate license in Florida, where she spends winters working at Fortune Christie’s International Real Estate. 

Zillow launches AI‑powered virtual staging for Showcase listings

The feature aims to help buyers more easily visualize homes and give agents a stronger marketing tool. 

Chicago Association of REALTORS® to install board of directors at Inaugural Gala

The Chicago Association of REALTORS® will install its incoming board of directors at its 142nd Annual Inaugural Gala on Sept. 26 at the Hilton Chicago.  Lutalo McGee of Ani Real Estate will be installed as the association’s new president.

Home price appreciation increases 2.4% in August as Midwest leads growth

So far in 2025, home prices have grown at about half the pace of 2024.

The Maynard apartment building sells for $18.5M in Sheridan Park

The Maynard at 1325 West Wilson Ave. offers 121 studios and one- and two-bedroom units. 

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