Mainstreet REALTORS® hosts Economic Outlook event in Rolling Meadows.

In Silver Spring, Maryland, stands a modern castle. Built in 2004, the property blends luxury features with medieval architecture.

President Donald Trump’s 25% tariff on Canadian and Mexican goods will harm housing affordability in the United States, the National Association of Home Builders (NAHB) said in a statement over the weekend.

A designated landmark, this New Orleans structure is a prime example of the South’s famous Gothic Revival architecture.

After Chicago, Miami, Las Vegas and Washington, D.C., posted the greatest year-over-year gains. 

Despite an increase in December home sales, annual sales were down as 2024 came to a close in both Illinois and Chicagoland. The new data comes from Illinois REALTORS®.

What exactly goes into homebuilding costs, and how do those costs translate to profits for builders — and home prices for buyers?

The median existing-home price for all housing types in December rose 6% from its year-ago level.    

For the first time in two years, home prices are on the rise in every major metro and Chicago is one of them, according to a new Redfin report. 

Willis initially served as president from 2002 to 2005 and as CEO from 2005 to 2014. He then resumed the post of CEO in November 2023 and took over as president again in March of last year.

The number of detached homes sold in Chicagoland suburbs decreased in 2024, while prices continued to climb, according to new data from the Mainstreet REALTORS®. However, attached home sales rose.

Once again, Chicago ranks among the best cities in the world, according to Time Out magazine’s annual list. This time, the Second City came in at No. 11.

Illinois’ own Oak Park came in at No. 48 on Travel Lemmings’ list of world’s top 50 travel destinations.

Rockford is technically the fifth-largest city in Illinois. But according to Realtor.com, it’s the hottest housing market in the nation.

Nationally, home sales were up 13.3% year over year and 4.4% month over month, RE/MAX said. 

Those regrets may explain why the survey also found that 59% of respondents said they plan to move in 2025.