News / Features

Illinois REALTORS® holds 107th Inaugural Gala, installs Tommy Choi as president

More than 300 Realtors and their guests attended the black-tie event.

New-home sales dip in August but beat expectations

The 716,000 per-year rate of new-home sales topped the consensus estimate of 700,000. 

37-story residential tower coming to North and Clybourn

The Chicago City Council has signed off on Slim, a 37-story apartment coming to Lincoln Park at 1565 N. Clybourn Ave.

2 Chicago suburbs have some of the richest ‘middle class’ households

In Winnetka, $305,992 is the minimum income to be considered “middle class,” according to GOBankingRates. In Hinsdale, it’s $253,653.

Statewide home sales fell as inventory and prices rose in August

Illinois home sales fell year over year during August, while median prices and available homes both rose, according to new data from Illinois REALTORS®.

NAR: Home sales dip in August

The 2.5% decline followed a 1.3% increase in July, according to the National Association of REALTORS®. 

Suburban homes are selling quickly as summer comes to a close

Time on market for detached homes in the Chicagoland suburbs continues to decrease, according to the Mainstreet Organization of REALTORS®.

Fed cuts interest rates for first time in four years

Mortgage rates have been dropping in recent weeks in anticipation of the Fed’s move.

Michael Jordan mansion lands mystery buyer — after 12.5 years on the market

Michael Jordan’s massive mansion in Highland Park mansion is under contract. This news comes 12 years and six months after the Chicago Bulls star first listed the home.

What agents should know about expected Fed rate cuts

The expectation of a rate cut this week, and the potential for more later in the year, has already moved mortgage rates lower.

Fall brings lower mortgage rates, more inventory to market

At a time of year when the real estate market typically experiences seasonal declines, this fall is bringing just the opposite.

NAR’s IOI Summit welcomes real estate’s top tech leaders to Chicago

The two-day conference included more than 20 presentations on how tech is changing real estate.

Rate’s Spanish-language digital platform eclipses 10,000 mortgage applications

Rate introduced its Spanish-language mortgage process in 2022.

CoreLogic: Home-price gains slowed again in July

Specifically, prices rose 4.3% annually after growing by 4.7% in June. 

What Trump and Harris said — and didn’t say — about housing during the debate

The subject of housing came up four times during Tuesday night’s presidential debate — all mentions were by Vice President Kamala Harris.

The top public high schools in Chicago and the suburbs: A side-by-side ranking

Chicago Magazine released two rankings: the best public high schools in Chicago and the best public high schools in the Chicago suburbs.

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