Homebuilders today are finding their business prospects increasingly pressured by higher costs for materials and skilled labor. Those costs — and financial strain — inevitably trickle down to real estate developers, homebuyers themselves and even the real estate agents

The residential property market continues to look better for prospective buyers as the trend of falling prices extends into the new construction segment. In the fourth quarter of 2018, according to data from Zillow, more than a quarter of

Sterling Bay’s Lincoln Yards project just got one big step closer to becoming real. The Chicago Plan Commission unanimously approved the developer’s proposal for the sprawling riverfront development between Bucktown and Lincoln Park. The approval leaves few remaining hurdles in

While the broader U.S. financial market has struggled to recover from a sudden drop in stock prices near the end of 2018, shares of major homebuilders have made big gains. The Wall Street Journal reported that since the start

Statewide home sales in December were down dramatically. Home sales statewide are down 14.7 percent since last December, according to a new report from Illinois Realtors. That’s the largest percentage decrease from one December to the next since the

The most recent existing home sales report from the National Association of Realtors found sales volumes decline on both a monthly and annual basis in the final weeks of 2018. December home closings touched their lowest annual rate since

  A trusted preferred lender can be a major difference maker for an agent’s business. Just ask Baird & Warner agent Maureen Barrett. In her 13-plus years in the business, Barrett has worked with many lenders whom her clients

Famous designer — and redesigner It’s not often you come across a listing for which both the architect and remodeler are household names. The Samuel-Novarro house, designed by Lloyd Wright (son of Frank Lloyd Wright), is back on the

Chicago Agent magazine announced Monday that Chase Bank chief economist Anthony Chan will be one of the expert speakers at the magazine’s Accelerate Summit. “We are thrilled to welcome Dr. Chan to the impressive roster of market experts that

A 29-story apartment tower is planned for Printer’s Row. Chicago-based developer CMK will develop the new building at 739 South Clark Street, on the site of what’s been reported as the last printing plant in a neighborhood that once teemed with

Agents have a responsibility to do right by their clients in every way possible, but in the complex, lengthy process of buying and selling a home, not everything may be within an agent’s full control. Criminals and con artists

At a key moment for the U.S. housing market, Redfin found more evidence that homebuyers are entering 2019 in perhaps the strongest position in years. The number of homes for sale in the nation’s largest markets grew 4.8 percent

The Chicago Association of Realtors held their 2019 market outlook event this Tuesday, examining a variety of issues that will impact the lives of members in the coming years. The sold-out event examined both economic predictions and how real

Guaranteed Rate announced today that Joe Phalen has joined its subsidiary, Guaranteed Rate Affinity, to serve as senior vice president of strategic growth. Phalen, whose career in mortgage lending spans almost three decades, previously worked at Guaranteed Rate as

Sterling Bay’s Lincoln Yards development is losing one of its flashiest elements. Alderman Brian Hopkins of the 2nd Ward notified constituents that he would not approve plans for the 54-acre mixed-use development unless plans for a soccer stadium and

The partial shutdown of the federal government is entering its 21st day, and reports of its myriad ripple effects continue to surface. The latest bit of insight from the real estate industry is a Jan. 7 survey by the