The surge comes as the rate on a 30-year fixed-rate mortgage fell to its lowest level since October 2024. 

The rate of home-price appreciation slowed to just over half the rate of inflation in July, Cotality noted. 

The data-sharing partnership will allow the groups’ members to share listings across platforms. 

The project will offer a total of 294 rental residences — 245 apartments and 49 rental townhomes — and 13,000 square feet of commercial space. 

These five offices will operate under RE/MAX’s luxury division, The RE/MAX Collection.

The ranking was based on the top 1,000 cities with the highest household mean income, using U.S. Census data.

The buyer and seller were described as a local investment group and a private investor, respectively. 

Despite the decrease in borrowing costs, the Mortgage Bankers Association’s Market Composite Index showed a decrease in mortgage applications in the week ended Aug. 29. 

“Go in understanding that this is your business. Own it!” — Camille Harris, Broker, Coldwell Banker Realty, Oak Lawn

Illinois REALTORS® applauded three new laws impacting housing affordability, fraud prevention and statewide housing planning.

The new-construction market continues to evolve in response to interest rates, shifting buyer preferences and development challenges.

For real estate agents eyeing a leap into new construction and investing, Joe Kotoch, a seasoned Chicago-based real estate strategist, offers a road map built from years of hands-on experience.

“Be yourself, and wear what makes you feel confident. Trends come and go, but when your style feels authentic to you, it always looks good. Don’t be afraid to experiment, but don’t force it, either.” Idallys Corral, Realtor, Compass – Lincoln Park

Housing starts, existing-home sales and inventory all rose, according to the latest edition of the Chicago Housing Scorecard.

Despite a slowdown in single-family construction activity, newly built homes are becoming increasingly accessible to American buyers, in terms of both availability and affordability. According to data from the New-Construction Insights report released by Realtor.com, in the second quarter

Signed contracts declined despite lower interest rates and improved affordability and inventory, the National Association of REALTORS® said.