Illinois home sales slipped during September while prices and inventory rose. In Chicago, though, inventory shrank. The new data comes from Illinois REALTORS®.

The median price of a new home sold during the month was also up, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

For the first time in a year, the average time on market for detached suburban homes is up, according to Mainstreet.

Sales slid 1% compared to August, the National Association of REALTORS® said. 

The average 30-year fixed mortgage rate climbed to 6.44%. 

Don Prigge, a near-50-year real estate veteran, died Oct. 8 at age 72. He retired from Baird & Warner just five days prior.

Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.    

By the “50/30/20 rule,” it costs $93,999 per year to live comfortably in the Windy City, according to GOBankingRates.

October’s increase comes as inflation slows and mortgage rates decline. 

At the same time, the median-sales price declined from August, according to the RE/MAX National Housing Report. 

Roughly 50 days since the new rules took effect on Aug. 17, dozens of agents and managing brokers have shared a business-as-usual sentiment with Chicago Agent.

Real estate agents cannot ask clients about a diagnosis … So, how can you best serve neurodivergent clients?

More sellers are putting their homes on the market as mortgage rates fall significantly for the first time in two years.

The Katy Hospital was built in Parsons, Kansas, in 1916. Now, two buildings from the historic institution are for sale, as is, for $50,000 each.

Firehouse No. 7 in St. Louis may look like, well, a firehouse. But inside, there’s over 7,000 square feet of luxurious living space.

The amount a homebuyer needs to earn to afford a median priced starter home is down 0.4% from last year, marking the first annual decline since August 2020.