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.
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.
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 take a look at Chicago’s rebounding housing market. How does the city compare with the rest of the county? And will this upward trend continue? Elizabeth Brackett and her guests discuss the issue.
How do you price a piece of architectural art? Prairie style master Frank Lloyd Wright designed nearly 100 homes in the Chicago area, but now some owners are having trouble selling these homes. Chicago magazine's real estate expert Dennis Rodkin joins us to discuss why sellers are having trouble, and he tells us more about Chicago's housing market.