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Chicago Real Estate Reports

Home sellers in Chicago are ‘hesitant’: New listings are down 19 percent since March

Normally, the spring season brings a flood of new homes for sale with inventory spiking 62 percent.

Chicago home construction lags behind other big cities, says report

The city ranked ninth-last among 53 major metros when it came to new housing per capita in 2019.

As coronavirus spreads in Chicago, how will it impact the real estate market?

The effects of COVID-19 on homebuying and selling are uncertain. "Time will tell," says one Chicago realtor.

More renters are searching for apartments in these five Chicago neighborhoods

Ravenswood and Bucktown are early favorites in 2020, according to a Domu report.

Chicago traffic was the second worst in the nation in 2019, says new report

Local drivers wasted an average of 145 hours in traffic last year.

Chicagoans dependent on rental assistance live far away from most jobs, report says

Are rental assistance programs helping Chicagoans at all?

Chicago may be more affordable, but still leaves many residents cost-burdened

A report looks at how many hours Chicagoans have to work each month to afford rent.

Chicago homebuying less dependant on seasonal factors, says report

Here’s why the "winter lull" may be a thing of the past.

Illinois is the least tax-friendly state, especially for homeowners, report says

Property taxes in Chicago really add up.

It’s still cheaper to rent than buy in Chicago

But rents are increasing faster than wages.

New housing policies for exiting prisoners will ‘stabilize neighborhoods’, report says

Expanding post-incarceration resources will help create stronger neighborhoods

Low-wage workers can’t afford two-bedroom rentals anywhere in Illinois, report says

More than half of Chicago renters are severely burdened by the cost of housing

Chicago’s homeowners pay $675K more to live downtown, says report

The price difference between downtown and the rest of Chicago is the highest of any major city in the nation.

How much are Chicago’s renters willing to pay for amenities?

A new study explores the financial impact of the most popular apartment features.

Report: Northwest side homeowners most ‘equity rich’ in city

Meanwhile many South Side homeowners are still seriously underwater on their mortgages.

Metro Chicago retail vacancy hits 10% as stores shutter

Vacancy in the Chicago region is back on the rise but retail on the North Side remains relatively strong.

Chicago families need to earn $90K to afford average two-bedroom rent

A new report suggests that the average monthly rent for a Chicago two-bedroom apartment has increased to $2,254.

Report: Demand for new Lakeview apartments is high but growth lags

The desirable North Side neighborhood has accounted for just a tiny fraction of Chicago’s current apartment boom.

Report: Edgewater’s luxury home market is taking off

The sales of homes priced above $1 million has surged across the north side neighborhood in recent years.

Chicago population density outpacing major metros

Numbers suggest that Chicago has become noticeable more dense in the last several years.

Report: Four Chicago apartment towers search for buyers

Combined, the pricey downtown properties feature 1,150 high-end rental units.

A look at Chicago’s median two-bedroom rent prices

Apartment search site Domu crunched April listing numbers to provide a portrait of the rental landscape

Glut of for-sale units pile up at Chicago’s Trump Tower

Dozens of units are currently for sale in the upscale condo tower.

Chicago once again ranked top metro for corporate investment

The Chicago metro region witnessed 350 corporate expansions and relocations in 2016.

Logan Square and West Town leading city for demolition permits in 2017

Developers are knocking down more buildings in these two neighborhoods than anywhere else in Chicago.

Which amenities matter most to renters?

A new study from the National Apartment Association explores which amenity offerings are most desirable.

Chicago metro area sees second straight year of population loss

Illinois has lost more residents than any other state in 2016.

What does improved transit actually mean for Chicago home prices?

While convenience to public transportation is a well-established selling point, a new report explores its real monetary value in Chicago and other US cities.

Report: Rent prices in Chicago are both high and also a bargain

According to a recent report, you’re getting decent value in Chicago, especially if you work in finance. Read on to see why.

Kenilworth is still Illinois’s most expensive zip code

The wealthy North Shore suburb had a median sale price of over $1 million in 2016.

Real estate trade association pushes back on ‘rent control’ bill

The Illinois Association of Realtors has asked its members to participate in the debate on rent control.

Report: Chicago home sales and prices spiked in January

With Chicago home sales up 9.3 percent from the same month one year prior, the Windy City’s residential real estate market in January was equally as hot as the unseasonably balmy weather.

Rent prices in Chicago still more afforable than other major US cities

Compared to other major US and global cities, Chicago places solidly in the middle when it comes to rent prices.

Report: Downtown office vacancy drops for seventh consecutive quarter

Last year was undoubtedly an encouraging time for downtown commercial real estate as office vacancy hit its lowest level in roughly 16 years. But will the good times continue in 2017?

Report: Chicago apartment market could face challenging 2017

Thanks to a record 3,830 new apartment units will being delivered to downtown Chicago this year and an additional 4,500 and 4,200 in the respective pipelines for 2017 and 2018, many real estate experts predict leaner years ahead for landlords.

Report: Illinois home prices expected to continue rising in 2017

Mortgage interest rates are expected to climb while the inventory of available homes is expected to continue decreasing into next year.

Chicagoans need to make over $60,000 per year to buy a house

It’s not exactly cheap to buy a home in Chicago, but the Windy City is more affordable than other major metros

Chicago Airbnb hosts made millions over World Series weekend

Recently released numbers by Airbnb show that bar owners, ticket scalpers, and t-shirt vendors weren’t the only Chicagoans benefitting financially from the Cubs’ first World Series appearance in over 70 years.

Report: Single family home prices near 606 up 50%

While the so-called “606 effect” is no surprise, the extent of the increase is nothing short of staggering