As the spring homebuying season ended, U.S. home price growth softened significantly, opening the door to improved affordability.

Home-purchase activity remained elevated from 2024, but a cloudy economic outlook has deterred some would-be homebuyers. 

SVN Chicago Commercial has closed the sale of an approximately 80,000-square-foot parcel of riverfront land at 2221 W. Oakdale Ave., located in Chicago’s Roscoe Village neighborhood.

At the same time, existing-home sales declined, and days on market increased.

After years of fast-paced home sales, tight inventory and relentless price growth, the U.S. housing market may finally be entering a new chapter.

The property is listed on Special Finds by India Mesa of Crye-Leike Elite for $750,000.

The law helps delinquent VA borrowers and allows them to pay buyer-agent commissions when house shopping. 

After the sudden shutdown of VHT Studios, Baird & Warner wasted no time launching its own Image Services division to deliver visual marketing solutions for the firm’s agents and clients.

Geographically, the only region to post a monthly increase in pending sales was the Northeast, where they rose 2.1%, according to NAR’s Pending Home Sales Index.

“Get a mentor right away and get a coach for your mindset AND real estate!” — Kathy Cordova, Realtor, eXp Realty, Northbrook

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

A new report from U-Haul identified Milwaukee, Indianapolis, Detroit, St. Louis and Dallas as the top cities of origin for new Chicagoans.  

TAWANI Property Management sold the 263-unit portfolio for $45 million. 

The inventory of new homes for sale surged year over year, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.    

The Irving Park development will bring 45 affordable residences to market. 

Governor Pritzker has signed Illinois Senate Bill 1563 — otherwise known as the Squatter Bill — into law, which will make it easier for police to remove squatters from someone’s home.