Chicago Real Estate Blog 

Keep up with information from the Chicago Real Estate Scene. The latest on everything from Mortgage rates,  new developments, to cool places to live and maybe some decorating tips. Enjoy...



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    Zillow's Bold Predictions for 2023

    Midwestern markets will heat up, and more friends and family members will pool their money to buy homes together in 2023, as people look for new ways to overcome the housing affordability crisis. However, that crisis will stabilize — if not improve — from its pandemic-era apex. New construction will be focused on rental...
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    Here are 2 good reasons not to worry about a big home price drop in Chicago

    Reports from two different real estate data firms suggest Chicago's housing market is more insulated against a big fall than most other major cities. In Chicago, there's less reason to fear a big drop in home prices lies ahead than in most other major cities, two new reports indicate. More people own their own homes outright,...
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    Mortgage rates fall sharply to under 7% after inflation eases

    KEY POINTS Mortgage rates fell sharply Thursday after a government report showed that inflation had cooled in October. The average rate on the 30-year fixed plunged 60 basis points from 7.22% to 6.62%, according to Mortgage News Daily. The rate, however, is still more than double what it was at the start of this year. Mortgage rates...
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    Chicago-area home prices flat for the first time since pandemic boom began

    After 124 weeks of increases, local home prices finally stopped topping themselves, according to the latest report. Chicago-area home prices didn’t budge last week for the first time since the pandemic era’s housing boom began in late spring 2020. The median price of homes sold in the nine-county metro area in the week ended...
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    Our Monthly Client Newsletter - November 2022

    The ancient Greek philosopher, Heraclitus, said, “Change is the only constant in life.” Well, that’s certainly true.   Things change. Often!  Kids get older. People take on new hobbies. Careers evolve.  As a result, a house that was perfect when the owners originally purchased it may no longer be ideal....
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    Even with fast-rising prices, homes more affordable in most of Chicago area

    Two separate reports show that it's easier to afford a home now than it has been historically, although with interest rates going up that could change quickly. Despite a rapid run-up in prices in 2021 that has shrunk affordability around the country, homes in much of the Chicago area are easier to afford than they have been historically,...
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    Monthly Indicators - Chicago November 2021

    A Research Tool Reflecting Residential Real Estate Activity within the 77 Officially Defined Chicago Community Areas The economy is improving, unemployment is falling, and the U.S. real estate market remains strong as we head into the holiday season, a period when activity typically slows as people take time to travel, celebrate, and...
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    Where to see holiday light displays in and around Chicago

    Take a walk or a drive through the Chicago area's most stunning holiday light displays Christmas is still weeks away, but somewhere between Halloween and Thanksgiving, large swaths of the city get decorated with millions of twinkling bulbs. If you’re ready to embrace the holiday season, you can begin checking out some of the...
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    Co-Buying Has Skyrocketed in Last 7 Years

    Millennials are pooling their finances with roommates, friends, and significant others to buy a home together. The number of home and condo sales by co-buyers is increasing. The number of co-buyers with different last names surged by a whopping 771% between 2014 and 2021, according to research from ATTOM Data Solutions. The trend has...
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    Perspective | How buying a new car can affect your ability to purchase a home

    Q: I’m in the process of buying my first car (researching, calculating finances) and I wanted to ask what your advice would be as I currently have no credit history. After I buy a car, I’m going to start looking for a home. How do I best establish my credit? Alternatively, are there other options available to me so I can...
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    Apartment Complex Replacing Avondale's Red Apple Buffet Calls For Rents Between $2K and $2.5K, No Affordable Units

    Some neighbors took issue with the rent prices, saying longtime residents can't afford it. "To be perfectly blunt, no family can afford $2,500 a month in this neighborhood," one said. AVONDALE — The team behind the Red Apple Buffet redevelopment project laid out their plans for the site at a community meeting Tuesday...
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    Lincoln Square Living

    NEIGHBORHOOD VIBE :  Lincoln Square apartments are in a charming community with a solid mix of single family homes, 2 and 3 flat apartments, and medium-sized apartment buildings, making Lincoln Square a cozy neighborhood for apartments without being overly dense.  Great local shopping, lots of restaurants and pubs all within...
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    Irving Park Monthly Stats - Feb 2019

    It is worthwhile to mention the weather when discussing residential real estate for large portions of the U.S. for February 2019, because this month has turned in some impressively cold, rainy and snowy days that have stalled some buying and selling actions, including the Chicago area. Nevertheless, housing markets have proven to be...
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    Move Over 606, the 312 RiverRun Trail is on its way

    IRVING PARK — It used to be Chicago's defining area code. Now 312 has a new meaning. The 312 RiverRun is three parks, connected by a single path that stretches for nearly 2 miles on the Chicago River, from Belmont to Montrose. "It combines the Riverwalk and the 606 into something new," said Emanuel. Elements of the...
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    Construction Of New Irving Park Bridge Over Chicago River Begins Thursday

    Once the project — including a path under the bridge — is complete, it will allow for a continuous path from Belmont Avenue to Montrose Avenue along the river. ---- IRVING PARK — A project to replace the 100-year-old Irving Park bridge over the North Branch of the Chicago River will begin construction Thursday, launching...
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    NEW - Irving Park Living

    Check out @IrvingParkLiving from  Irving Park in Chicago is a wonderful place to live, work and play. Participate in this new Facebook Page highlighting life in Irving Park. Check it out now at  
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    You’ve probably heard the expression, “You don’t get a second chance to make a first impression.” When it comes to selling your home, that is definitely true. In fact, a buyer will come to several conclusions about your property within the first few minutes of seeing it. That’s why it’s so important...
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    Chicago’s storied Uptown neighborhood has emerged from a decades-long slump with new restaurants and cultural centers. For decades, Uptown, one of Chicago’s most storied neighborhoods, struggled to regain its early-to-mid-century luster when jazz and swing musicians dominated the music scene and ornate movie halls catered...
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