A look at the Chicago residential property market as we head into 2023 after a year of interest rate hikes.
Inflation, gas prices, retail — we take a look at the top business stories of the year and look into our crystal ball for 2023.
The housing market has been hot throughout the pandemic and so is the industry itself, with more people getting into the business. Membership at the Illinois Realtors Association is up 15% in the past five years and the past two years have seen the most significant growth.
Known as the “Black Metropolis,” the neighborhood became a hub for African American businesses in the early 1900s and has remained a popular place to live, especially for Chicago’s Black community. Now, a recent construction boom is replacing vacant lots with high-priced homes. The transformation is the focus of a new podcast series created and produced by Crain’s Chicago Business real estate reporter Dennis Rodkin.
Realtors sold more homes than ever, while prices rose at rates not seen since the housing boom of the early 2000s.
The number of local home sales has skyrocketed, driving prices in the Chicago metro area to all-time highs. That’s translated into lightning-fast turnover as people put their homes up for sale — as well as a decline in inventory.
Chicago is still the second city when it comes to foreclosures, but at the other end of the real estate spectrum, luxury property sales are booming.
Sparks fly as the candidates for Illinois governor go for the political jugular. Where is the study into the fairness of the Cook County tax system? And a former CPS CEO appears to be eyeing Mayor Rahm Emanuel’s job.
If you’re looking to buy an affordable home near public transit, highly rated schools and other neighborhood perks – one real estate website says look no further than Chicago.
In a class-action lawsuit filed this month in Cook County, a suburban family argues that estimates on the real estate website are inaccurate and illegal under Illinois law because they’re not licensed appraisals.
Chicago’s magnificent skyline gets plenty of well-deserved attention, but what about architecture and design in our neighborhoods?
After a decade of volatility, national home prices rose a steady 4 to 5 percent in 2015. Unfortunately, that was not the case in the Chicago market, where single family home prices rose by a meager 1.3 percent. Real estate reporter Dennis Rodkin has more on the state of the local market.
Can Chicago condo buildings ban smoking in owners’ units? Some buildings are making the change. We talk with Crain’s Chicago Business real estate reporter Dennis Rodkin about that, the new disclosure rules coming, and the latest trends in the housing market.
Home sales are up in Chicago, but the market is still a long way from recovering to pre-crash levels.
The construction of Northeastern Illinois University’s El Centro satellite campus is gaining momentum and attention for its design. The color-changing building will be along the Kennedy Expressway between Addison and Belmont. We talk with Crain’s Chicago Business residential real estate reporter Dennis Rodkin about the “marker” building structure and its significance in the modern architectural world. View a slideshow of campus building renderings.
We talk with real estate guru Dennis Rodkin about the status of Chicago’s housing market. View a graph on the local housing market.