Month over month in September, existing-home sales slid 1.5% to 4.71 million, which is 23.8% lower than the year before. 

New data from the Mainstreet Organization of REALTORS® offers a positive look at the Chicagoland real estate market.

New home construction missed analyst estimates in September, falling 8.1% month over month to an annual rate 1,439,000 homes, according to government statistics. 

Mortgage rates rose to 6.9%, the highest they’ve been since April 2002.

A trolley tour on Oct. 15 will showcase nine affordable properties that are currently for sale though the Chicago Housing Trust.

On Sept. 23, nearly 50 volunteers from Baird & Warner gathered to help construct four homes by Habitat for Humanity Chicago on the city’s South Side.

First-time homebuyers now make up 45% of current homebuyers, according to Zillow. The numbers represent a rebound from the lows of the pandemic.

Peak Realty Chicago and its sister company Peak Properties, LLC, are making significant strides at Southport Lofts: a newly redeveloped, mixed-use building adjacent to Lincoln Yards.

The new franchise will be the brokerage’s 16th in Europe as it pursues other expansion opportunities around the world. 

The former chairman and CEO of the homebuilder died of Parkinson’s disease at 81. 

The Oak Park Area Association of REALTORS® held its 106th annual installation on Sept. 13, inducting new officers and board members.

Rogers Park is the most diverse neighborhood in Chicago: a rare quality which has earned the area national distinction.

RE/MAX Holdings, Inc. has named Grady Ligon as its new chief information officer. Ligon brings 20-plus years of experience to the position, as well as his proven track record for integrating technology to enhance business growth.

Looking ahead, CoreLogic expects the year-over-year pace of home-price appreciation to slow to 3.5% by August 2023. 

Market volatility is causing more and more homebuyers to delay or cancel plans to make a purchase.

It’s that time of year! Find out which association members will be leading Realtors throughout Chicagoland, for the year to come.