News / Features

This week in Chicagoland real estate: New developments, Census data and more

Real estate is making news in Pilsen, Lakeshore East, on the former site of the Harold L. Ickes Homes public housing development, in Oak Park and more this week. Also, the Census Bureau reported a mixed bag of population data for Chicagoland Thursday.

Check out the agents, offices and listings making big Q1 moves

See how 2019 started out with our first quarterly release of Real Data.

Sales down but inventory increases heading into spring market

Housing inventory rose to a 4.4-month supply, an increase from both last month’s 3.4 months and last year’s 3.2 months. Chicagoland inventory is also higher than the national supply of 2.7 months.

NY Fed: Don’t underestimate first-time buyers

Researchers warn recent measures of the first-time buyer population may not be accurate, noting that estimates from the National Association of Realtors “reflect a relatively small sample of housing transactions and therefore may not be representative of the overall market.”

RE/MAX makes play for northernmost Chicago neighborhoods, ‘burbs

RE/MAX Premier, and office most closely affiliated with downtown deals, announced today that it had acquired RE/MAX NorthCoast in the Edgewater neighborhood.

Storage services with a heart

Any agent knows how stressful moving can be for clients. Many don’t realize how much clutter they have accumulated over the years until they have to pack it all up in boxes and move it somewhere else.

What high-end buyers want

New trends emerge every year, and the start of the spring selling season is a great time to take stock of what will be in demand this year. Here are a few things that today’s high-end buyers are looking for.

What the NAR generational trends report says about you

NAR’s Home Buyers and Sellers Generational Trends Report is full of facts and figures, but we’ve focused on a topic that may be especially close to the hearts of agents: what buyers from these various generations think of you.

A piece of Chicago history and a bookworm’s paradise

What better way to show your love of our hometown than owning a two-flat that once was home to infamous gangster Al Capone?

Hispanics the only ethnic group with net growth in US homeownership

In the decade following the housing crisis, Hispanic and Latino populations accounted for the majority of growth in the U.S. homeownership rate, according to a recent report from the National Association of Hispanic Real Estate Professionals. The 2018 “State

Real Estate in Brief: Mortgage reform, house flipping and more

Chase CEO urges mortgage reform In his most recent annual letter to shareholders, JPMorgan Chase CEO Jamie Dimon expressed concerns about the current state of mortgage industry regulation in the U.S. “The country desperately needs mortgage reform,” Dimon wrote

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Southern cities lead in new construction

The Census Bureau recently released a report for February 2019, showing a shortage of homes on the market. Despite a national drop in construction of new homes, a few cities have still been able to push permits for new

Consumer confidence in housing market surges

Surveys of American consumers continue to point to renewed optimism in the housing market. Fannie Mae’s Home Purchase Sentiment Index approached an all-time high reading in March, gaining five points over February to reach 89.8. This was driven by

Real Estate in Brief: Rent burden, global affordability and more

Housing affordability is an issue that dominates discussions of local politics, but the data on the topic can be hard to interpret. Studies from multiple sources regularly

What new tax laws mean for homeowners this year

April 15 this year marks the first Tax Day under the 2017 Tax Cuts and Jobs Act, one of the most significant overhauls of the federal tax code in decades. While Tax Day is the deadline for most Americans,

The 2019 Truth About Agents survey results

Our annual reader survey issue celebrates the diversity of our audience and highlights the on-the-ground experience of agents and brokers.

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