News / Features

Americans more optimistic about housing than the economy

A new survey of consumer sentiment finds a majority both buyers and sellers feel like now is a good time to jump into the market.

sign at Chicago Build Expo 2019
Encouraging development while maintaining affordability

At the Chicago Build Expo, city officials discussed ways for Chicagoland to battle negative preconceptions and maintain its pace of growth while also bolstering affordable housing before an audience of contractors, developers, real estate professionals and others at the McCormick Place convention center.

Existing-home sales up nationally but down in Illinois

NAR reported positive numbers for existing home sales in August, but Chicagoland and the state didn’t record as good of a year, when looking at the most recent data.

Fed cuts interest rates again

With the quarter percentage point cut, chairman Jerome Powell seeks to stave off a recession.

data from RE/MAX Housing Report
Sales fall while prices still on the rise in Chicagoland

Despite a sluggish market, RE/MAX’s latest housing report shows there are still deals to be had for luxury-level buyers and sellers with homes priced on the lower side of the spectrum.

Are you in a weed zone? Dispensary ordinance offers details

Mayor Lightfoot’s proposed ordinance looks to manage where and when dispensaries can begin selling recreational marijuana in Chicago, complete with a list of “cannabis zones” and one area where sales will not be permitted.

Getting emoji-tional

On the market for $1.75 million, this duplex made headlines as the subject of a dispute between neighbors in Manhattan Beach, California. After nearby homeowners reported the property for being posted illegally on Airbnb, the owner painted the home bright pink with emojis featuring zipped lips.

Treehouse of luxury

This listing, on the market for just under $1.7 million in Quilcene, Washington, is perched in the trees high above Dabob Bay. Architect Tom Bosworth called the project his “treehouse,” and designed the home to be practically encased in glass and cedar.

Soon-to-be Coldwell Banker CEO Ryan Gorman addresses attendees at the company's 2019 Leadership Summit.
Coldwell Banker CEO to managing brokers: We must evolve or die

At the brokerage’s leadership summit in Chicago, company leaders Charlie Young and Ryan Gorman both spoke frankly about the challenges facing the 113-year-old brand, from Compass and Keller Williams to restructuring and rebranding efforts.

The National League of Cities' classification of urban areas in Chicagoland
Chicago is classified as ‘rent-burdened.’ Here’s what that means.

Learn why the National League of Cities put Chicago in this category, rather than a “high-opportunity” or “wealth-pocket city,” and what researchers think can be done to turn things around.

Realogy announces restructuring as CEO denies Compass rumors

Realogy announced that it will embark on a process of “strategic organizational changes” at the same time that its CEO sent an email to employees countering claims that the company had been in discussions for a sale to Compass.

Trump administration walks fine line with Fannie and Freddie reform plan

The long-anticipated vision of the future of Fannie Mae and Freddie Mac provides the public with the first concrete roadmap for returning the two firms to full private ownership.

Homeowners say buying ‘made them a better person’

Over three-fourths of survey respondents reported that being a homeowner has “made them a better person,” with about the same proportion saying that they’ve taken up new hobbies since closing on a home, like gardening, grilling and interior design.

Ending a hot decade, apartment construction dips in 2019

New national data on apartment construction shows activity slowing down in a lot of markets, including Chicago. But there are several bright spots that are showing exceptional building activity.

Whether city or suburbs, developers still rely on brokers to sell

Agents specializing in Chicago may be attracted to some parts of the suburbs as they become more desirable and livable for the newest generation of homebuyers — and vice versa. But it can be difficult to make the leap.

A listing that tips the scales

Lifelike images of fiery dragons adorn murals, beams, bannisters and tiles in this listing in Fort Lauderdale Beach, Florida.

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