Fire sprinklers could soon be required for all new construction residential developments in Illinois, if a proposal by the state’s Fire Marshal is adopted. After considerable anticipation, the Office of the Illinois State Fire Marshal has proposed that the

Asking prices in Chicago were up 11.3 percent in July, though that activity came amidst a slowing housing market. Asking prices in July were up 11.3 percent year-over-year in Chicago in the latest Trulia Price Monitor, a leading measure

Residential construction spending continued to lead the pack in June, posting strong year-over-year gains in the latest Census Bureau report. Overall construction spending may have down in June, but it was another great month for residential construction spending, which

The housing market has grown in many interesting ways so far this year, and agents will have some interesting details to consider for 2013’s second half. The housing market has cut an encouraging path the last six months. What

Price Whisperer, a new Redfin service that recommends a listing price by collecting information from active buyers, launched today in Chicago. Here’s how it works: users provide the price they’re after, their address and a few photos, then Redfin’s big

Recently Western Springs sold its most expensive publicly-traded home ever, according to a recent article by Chicago magazine. The 17-room home sold for 2.6 millions dollars, far ahead of the previous record holder, which sold for 2.1 million in

MRED has raised its fine for agents who do not enter their listings into the MLS within 72 hours, pending an exemption from the seller. Midwest Real Estate Data (MRED), Chicagoland’s MLS, has raised its fine for not entering

Wintrust Financial Corp. agreed to buy the parent of Diamond Bancorp Inc., which has branches in Chicago, Schaumburg, Elmhurst and Northbrook. According to The Chicago Tribune, Schuamburg-based Diamond Bank, which has around $165 million in assets, was losing money as of

The nation’s foreclosure markets continued to improve in June, according to the latest report from CoreLogic. CoreLogic’s National Foreclosure Report for June brought further good news to the housing recovery, with foreclosure inventory and completed foreclosures both showing encouraging

Prudential Rubloff brokers were among the REAL Trends inaugural ranking of the Best Real Estate Agents in America. Others who made it to the list were agents from Coldwell Banker and RE/MAX. The study ranks the most productive agents

Midwest Real Estate Data LLC (MRED) announced today that it has executed an agreement with Realtors Property Resource, LLC, a wholly owned subsidiary of the National Association of Realtors to integrate MRED’s licensed MLS data with RPR’s national property database and

Everyone says that Millennial homebuyers offer a huge opportunity for housing, but now, we can finally put a number behind it – and it’s a big one. It’s no mystery that Millennial homebuyers have been missing in action thus

Chicagoland’s housing recovery has been picking up steam in recent months, but some markets have been performing better than others. What are the busiest housing markets in the city and suburban markets of the Chicagoland area? To answer that

In the last year, we’ve entered a new world order in real estate, and homebuyers are facing a number of concerns as a result. It’s a new world out there in the U.S. real estate market. Gone are the

Pending home sales were at their third-highest level since 2006 in June, but are rising mortgage rates beginning to have an impact? Pending home sales were at their third-highest mark in more than six years in June, though industry

The May Case-Shiller was the best news yet for Chicago’s housing market, with home prices in the city putting up some of the best numbers in the nation. May’s Case-Shiller Home Price Indices report from Standard & Poor’s offered