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.   

This former Masonic lodge in Little Falls, New York, was once a meeting place for a local chapter of the Freemasons.

The pace of home-price appreciation declined to its slowest pace in two years, according to the S&P Cotality Case-Shiller U.S. National Home Price Index. 

The View will bring 573 apartments to the 310-acre super-regional, mixed-use project, the Rock Run Collection. 

Nationally, home sales rose 0.6% year over year but slid 0.7% month over month, RE/MAX said. 

The upside surprise came despite monthly and yearly declines in the pace of sales.