News / Features

Illinois REALTORS® details new initiative to build middle housing

Missing “middle” housing. That’s what Illinois REALTORS® aims to address with its new Housing Stability and Affordability Initiative.

How housing inventory has evolved in Chicagoland since 2005

Housing inventory is at the crux of the residential real estate industry and is cited often as the most important factor to a strong 2025.

Colleagues remember Catherine Holbrook of The Laricy Team

Catherine Holbrook, a founding member of The Laricy Team with Americorp., died on Jan. 21 shortly after giving birth to her first child. She was 40 years old.

NAR’s Lawrence Yun projects 6% mortgage rates and home-sales growth this year

Yun shared his predictions Monday during the Chicago Association of REALTORS’® market outlook event.

Who is new HUD secretary, Scott Turner?

Scott Turner, President Donald Trump’s pick to lead the Department of Housing and Urban Development (HUD), was confirmed to the role in a 55-44 vote.

Bowtie Economist shares insights at Mainstreet event: ‘The economy is fine’

Mainstreet REALTORS® hosts Economic Outlook event in Rolling Meadows.

Medieval in Maryland

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

Trump tariffs will hurt housing affordability, says NAHB

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.

Gothic Revival, bayou charm

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

CoreLogic: Chicago posts highest U.S. home-price gain in November

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

Annual Illinois home sales dipped but rose in December at year-end

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®.

How much did it cost to build a new home in 2024?

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

NAR: Existing-home sales rise for third month in a row in December

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

Home prices rose in all major cities in 2024, including Chicago

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. 

Mark Willis steps down as CEO and president of Keller Williams, transitions to chief leadership officer

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.

Detached sales slipped in the suburbs, attached sales rose: 2024 in review

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.

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