The number of homes available to buyers climbed 18.7% in June, the sharpest year-over-year increase in the history of the report.

What does the latest S&P CoreLogic Case-Shiller Index show about Chicago real estate?

Across the state of Illinois, homes sold quicker in May 2022, year over year. Even as interest rates inched higher, demand remained strong.

The increase ends a six-month string of monthly declines, the National Association of REALTORS® said.

Chicago mortgage payments have grown 37%, as housing affordability hits a 15-year low, according to a new report.  Zillow’s latest market report found rising mortgage costs, along with skyrocketing prices and interest rates have made mortgages less affordable than

New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.  

When you consider entertainment, recreation, nightlife, parties and overall costs, it turns out, Illinois is a pretty fun state! And that has a positive effect on Chicago real estate.

Meanwhile, existing-home sales slid 3.4% from April to a seasonally adjusted annual rate of 5.41 million, according to the National Association of REALTORS®. 

Following recent growth, Luxury Living Chicago Realty (LLCR) has announced the addition of 25 team members, as well as a slate of promotions.

Nationwide, sales fell 8.5% annually and rose 5.8% monthly, as rising interest rates and home prices weighed on homebuyers’ purchasing power, RE/MAX said.

The Chicago Association of REALTORS® hosted the 360 Summit: Leading with Diversity, Equity and Inclusion which featured many panels focused on DEI topics.

To fund anti-homelessness efforts, the city of Chicago may triple the transfer taxes levied on expensive Chicago properties.

New-home completions rose during the month, however, with the increased inventory representing a rare bright spot in an otherwise gloomy government report. 

The Federal Reserve raised interest rates by .75% today: the sharpest increase since 1994. How will that affect real estate?

The Naperville-based Berkshire Hathaway HomeServices Elite, REALTORS® is officially joining with Berkshire Hathaway HomeServices Chicago.

Two major real estate firms are cutting their workforces amid a cooling housing market. Compass and Redfin are laying off 10% and 8% of their current staffs, respectively.