Compass revealed big losses — to the tune of $100 million — in its second quarter report. And as a result, the firm will no longer offer equity or cash incentives to new agents.

Home sales are down across Chicago’s suburbs as inventory remains historically low, according to new data from the Mainstreet Organization of REALTORS®.

The Chicago Association of REALTORS® (CAR) will induct Leon I. Walker, managing principal of DL3 Realty Advisors, LLC, into its Hall of Fame at September’s inaugural gala.

A new mixed-income, mixed-use community is coming to Chicago’s Woodlawn neighborhood: Park Station Lofts. Ground is expected to break soon.

The pace of housing starts for both single-family and multifamily residences was down on a month over month basis, the U.S. Department of Housing and Urban Development reported. 

In Chicago, 44.2% of offers faced competition last month.

The NAHB/Wells Fargo Housing Market Index fell for the eighth straight month in August, as the key measure of builder confidence indicated a pessimistic outlook. 

The brokerage’s new “communities” will provide its agents with specialized training, technology, coaching and referral opportunities. 

Homebuyers may catch a break this month as rates have come down nearly a point from the recent high on fears of a recession.

Sellers using Zillow may request and view an offer directly from Opendoor and compare it to an open-market sale with a real estate agent. 

Chicago’s average monthly rent is $2,904, a 19% increase from the previous year.

Sterling Bay has announced plans for a nine-story multifamily development — made of timber. Located at 2100 N. Southport Ave., it will be the tallest timber building constructed in the city since before the Great Chicago Fire.

The national rental vacancy rate dropped to 5.6% in the second quarter of the year while the homeowner vacancy rate remained at 0.8%.

The 30-year fixed-rate mortgage averaged 4.99% as of Aug. 4: down 0.8% from last week. The news marks the first time since April that mortgage rates have dipped below 5%.

Are your neighbors the worst? Whatever it is that grinds your gears, you can bet it comes in on this list of the top neighbor frustrations.

The platform, which recently announced its entry into markets across the country, is led in part by Josh Altman of Million Dollar Listing.