Predictions presented at the Chicago Association of Realtors’ (CAR) annual market outlook event suggest that Millennials and Baby Boomers will play a large role in the housing market this year, impacting different neighborhoods throughout the city. The Chicago real estate

Note: MRED has informed us that the Private Listing Network will not go live until April, and as a result, some of the characteristics we report below are subject to change; however, come April, we will report on the official

As part of a cost-saving measure, the Illinois Department of Financial and Professional Regulation (IDFPR) has implemented a paperless licensing and renewal system. The new system, which will save the state nearly $3 million in postage, paper and printing costs

While many tend to focus on “trendy” neighborhoods like Wicker Park and Lakeview, Chicago has many other neighborhoods that are just as noteworthy. Thrillist recently ranked eight “underrated” Chicago neighborhoods based upon their lesser-known, underappreciated qualities. Based upon Thrillist’s list,

From Jan. 2013 to Oct. 2015, year-over-year decreases in the share of total home sales occurring in all cash have averaged 2.7 percentage points. However, in Nov. 2015 (the latest available data) the pace of decline slowed to 0.7

The housing market is improving, but first-time homebuyers still face challenges First-time homebuyers have dropped to their lowest share since 1987, and based on numerous reports and analyses by news organizations and industry groups, there are a number of barriers

See our chart below for the top-selling neighborhood housing markets in Chicago in January, according to research from Redfin. To adjust between total home sales and the single-family/condo markets, click on the tabs. Total Home Sales Single-Family Home Sales Condo/Townhome

Thanks to stagnant incomes, Millennials are still missing from the housing market Two million households headed by 25-to-34-year-olds are missing from the current housing market, according to new National Association of Homebuilders research. The NAHB arrived at that number

Chicagoland’s mortgage markets are in their best shape in nearly a decade. Foreclosure activity in the Chicagoland housing market has fallen to its lowest level since 2007, according to the latest numbers from RealtyTrac. Per RealtyTrac’s analysis, there were

See our chart below for the top-selling suburban housing markets in Chicagoland in January, according to research from Redfin. To adjust between total home sales and the single-family/condo markets, click on the tabs. Total Home Sales Single-Family Home Sales

New home sales were down in January, but that’s not the whole story Sales of new single-family homes declined in January, falling 9.2 percent from December and 5.2 percent from Jan. 2015 to a seasonally adjusted annual rate of 494,000,

There are more than 49 million homeowners in the U.S. with a mortgage, and approximately half (46 percent) expect their equity to increase in 2016, according to research from loanDepot. That’s another way of saying seller confidence is on

Clinton’s “Breaking Every Barrier Agenda” proposes bold changes to aid homebuyers and renters Hillary Clinton announced a $25 billion housing reform plan as part of her “Breaking Every Barrier Agenda,” which outlines her plans for economic reform, should she be elected to the

Home sales and prices were both positive in Chicagoland’s January marketplace Home sales in the nine-county Chicagoland area rose 4.8 percent year-over-year in January, totaling 6,018 for the month, according to the latest report from the Illinois Association of

With 58 unsold condos remaining, the Ritz-Carlton Residences on Michigan Avenue is charting a new sales course with @properties, according to an article in Crain’s. Previously brokered by Coldwell Banker, the Ritz-Carlton Residences has faced bumpy terrain since its marketing began

The West Loop, Logan Square, West Town. These are neighborhoods that have long been on the ascent in Chicago’s real estate scene, where prices and sales have risen in tandem since recovering from the downturn. Yet, when it comes to the