News / Features

Mortgage applications fall more than 8%

The average contract interest rate for 30-year fixed-rate mortgages backed by the Federal Housing Administration increased to 3.93% from 3.86%, the Mortgage Bankers Association said. 

Janet Owen of BHHS Chicago breaks 2022 records with $8.65M sale

BHHS Chicago broker Janet Owen has sold a home for $8.65 million, marking the highest price paid for a detached single-family home in 2022 so far, in both the city of Chicago and the state of Illinois.

Millennial demand driving up prices in family-friendly neighborhoods

Across the country, 10% of ZIP codes with the largest share of children had an average home value growth of 21.3% from October 2020 to October 2021.

Chicagoland Real Data and Top Producers 2021

Welcome to our Top Producers/Real Data issue, one of the most highly anticipated issues of the year. We shine a spotlight on the biggest names in the business from the prior year.

Find a new kind of sanctuary in Winfield, Kansas.

A converted church in South Central Kansas city of Winfield, is for sale, offering a unique sanctuary to potential buyers.

In upstate New York, a fairy-tale home awaits

Once upon a time in upstate New York … an enchanting tower stands. And the unique piece of real estate is up for sale.

Real estate advisors project tamer housing market in 2022

Home-price growth is expected to average about 5% this year, far below the record-breaking pace set in 2021, RCLCO reported. 

Luxury Living Chicago Realty ranks in the top 5% for total sales volume in Chicagoland

Luxury Living Chicago Realty has announced a new milestone, according to information from Midwest Real Estate Data.

A comparison of 2021 and 2020 Chicagoland home sales — plus new December data from Mainstreet

New statistics from the Mainstreet Organization of REALTORS® illustrate the extent to which 2021 home sales exceed even the fruitful year prior.

West Loop’s CA6 condominiums surpass 80% sold

The developer Belgravia Group has announced that condos in the new CA6 development are more than 80% sold.

2021 ends with a bang in new-home sales

Builders started to make headway against supply-chain issues that have hampered construction of homes in the face of high demand. 

@properties rebrands to @properties Christie’s International Real Estate following acquisition

@properties has officially rebranded to become @properties Christie’s International Real Estate. The Chicago-based brokerage acquired the luxury real estate arm of the art auction house in December 2021.

Chicago rents, mortgages both on the rise and breaking records

Spurred by rising mortgage costs, December’s average monthly rent grew to $1,877, according to a new Redfin report. 

Blackstone unit acquiring four Chicago apartment communities as part of $3.7 billion deal

The properties are part of a 42-community portfolio belonging to Philadelphia-based landlord Resource REIT Inc. 

Price appreciation in new vs. existing homes: CoreLogic investigates

New homes and existing homes are appreciating at similar rates, according to a new report from CoreLogic.

Inventory falls 40% from pre-pandemic levels, as home values accelerate

Rent growth also slowed in December, posting the lowest monthly increase since February 2020.

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