News / Features

High-end rental brokerage enters the condo fray with new sales division

Luxury Living Chicago Realty, a high-end rental brokerage, is moving into sales. The company’s book of leasing business includes the 449-unit River City complex in the South Loop, one of the largest in a flurry of buildings recently deconverted

Real Estrange: Prepared for anything; Small place, huge price

Prepared for anything Those who fear the end is near might be interested in this apocalypse prepper’s paradise, on the market for $18 million. Just outside Death Valley National Park in Goldfield, Nevada, this circular home has 22 rooms

This week in Chicagoland real estate: Lincoln Yards, Ford City mall and more

  Lincoln Yards development gains TIF district The Community Development Commission voted 10-0 on Tues. March 19 to support the Cortland/Chicago River TIF district. This decision would provide up to $900 million in tax increment financing for infrastructure around

What’s ahead for FHFA nominee Mark Calabria?

On Tuesday, Feb. 26, the Senate Banking Committee voted to confirm Mark Calabria as the new head of the Federal Housing Finance Agency. Assuming he makes it through the full Senate vote, which has yet to be scheduled, Calabria

Pending home sales grow nationally, a welcome sign for spring

The first evidence that homebuyers are reacting to favorable market conditions came in the National Association of Realtors’ latest Pending Home Sales report. According to NAR’s index of pending home sales activity, contract signings grew 4.6 percent in January

Real Estate in Brief: New homeowners, economic growth and more

Homeownership rate posts eighth-consecutive quarterly gain The newest estimate of U.S. homeownership rates, released Feb. 28 by the Census Bureau, showed that more Americans have become homeowners in the last two years. As of the fourth quarter of 2018,

Learn from the best: Accelerate Summit brings real estate experts together Tuesday

Next week, we’re doing something big. Chicago Agent magazine is hosting its first-ever full-day real estate event, called the Accelerate Summit, on Tuesday, March 5 at the Merchandise Mart. Why now? Well, we saw a need, as the market

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Case-Shiller: Home prices growth trending downward

  One of the most widely cited barometers of the U.S. housing market showed home price growth continuing a downward trend at the close of 2018, an positive sign for buyers. The S&P CoreLogic Case-Shiller Home Price Index registered

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Case-Shiller: Home price growth trending downward

  One of the most widely cited barometers of the U.S. housing market showed home price growth continuing a downward trend at the close of 2018, an positive sign for buyers. The S&P CoreLogic Case-Shiller Home Price Index registered

This week in Chicagoland real estate: South Loop, Lincoln Yards & more

Another mega-project on the South Side? Landmark Development plans to create a multibillion-dollar development straddling a set of railroad tracks near Soldier Field and McCormick Place. The initial plans are to build millions of square feet of residential, office, retail

Real Estate in Brief: Selling in spring, odd lots and more

Early May named the best time to list a home Plenty of Americans are getting anxious about the arrival of spring, particularly those who are homeowners looking to sell in the near future. As it turns out, spring may

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Slow start to 2019 could set up busy spring market in Chicagoland

The Chicagoland area had a slow January for home sales, but that may not be a bad thing for the market overall. Detached single-family home sales in the metro area took a 12.1 percent hit in January over a

Why the market shouldn’t keep you up at night

Agents could be forgiven for feeling a little whiplash from the market predictions over the last quarter or so. First, economists warned them to brace for rocketing interest rates, but with recent remarks from the Federal Reserve, some are

Jan. existing-home sales leave room to grow

Evidence of slower price appreciation, growing inventory and falling interest rates have boosted economists’ expectations for U.S. home sales at the beginning of 2019. However, these trends that should entice buyers haven’t yet made an impact when it comes

Homebuilder hopes improve on rate outlook

U.S. homebuilders haven’t seen quite the same gains as the broader real estate market in recent years, but signs are beginning to point in the industry’s favor this year. A new report from LEK Consulting and Wells Fargo’s U.S.

For-sale inventory snaps 5-year losing streak

Changing tides in the national real estate market are leading to the most widespread inventory increases seen in at least five years. According to data collected by Zillow, for the first time since 2014, the U.S. housing market posted

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