News

Baird & Warner, Chicago’s largest independent real estate brokerage, is setting up Lucy Baird to carry on the dynasty at the family owned firm.  The company announced in a press release Friday that Lucy Baird, the daughter of president and CEO Steve Baird, was named chief stewardship […]

Key takeaways:– Short-term rentals are experience-driven, while long-term rentals focus on stable, livable housing.– Location, regulations, and property type largely determine which strategy performs best.– Short-term rentals may require frequent upkeep and higher operating costs; long-term […]

Buying a home is exciting, but it’s also easy to get distracted by stylish kitchens, fresh paint colors, and picture-perfect staging. Many buyers don’t realize what homebuyers overlook until after they’ve moved in and are dealing with cramped storage, outdated systems, or a layout that […]

Plus, two Aspen architects purchase and renovate a Midcentury Modern home in Palm Springs and a 432 Park condo hits the market for $90 million.

Jay Manuel completed a fashion-forward renovation of the Wilton home, where he built his own hair salon.

Amazon’s one-of-a-kind, Costco-style grocery and merchandise store in Oak Brook is another step closer to opening.  The Chicago suburb’s village panel voted to recommend approval of the project, which would require changes in zoning from office to retail, according to the Chicago Daily […]

After a mere three years as owners, Tishman Speyer are looking to sell their 357-unit Union West apartment building. In 2023, Tishman delved into the Chicago multifamily market by paying a $128 million bill for the 15-story property in Fulton Market, at 939 West Washington Boulevard. Now, CBRE […]

Learn how to get the best rate on a home equity loan.

A “Yes in My Backyard” bill backed by Gov. JB Pritzker is designed to create affordable housing by pulling some zoning authority from cities and towns.

Don Peebles, The Peebles Corporation CEO and chairman, joins ‘Squawk Box’ to discuss the state of New York City’s real estate market, his thoughts on the city’s pied-à-terre tax proposal, and more.

A wealth boom is powering crucial parts of the metro area’s economy and has shrunk its population.

Gov. Hochul estimates 10,000 second homes in New York City will be subjected to the tax, which is 3,000 fewer than her initial estimate.

A Downtown Chicago office building whose developers already received a city subsidy to convert a portion of it into apartments are now asking for another public funding bump: this time to convert the rest of it into a hotel.  Just this week, the Chicago Community Development commission approved a […]

Megadeveloper Time Equities and its partner, Jerry Karlik’s JK Equities, are looking to offload a historic South Loop office building that served as the crucial puzzle piece for its towering 1000M Apartments skyscraper next door. The New York-based developers in coming days are listing the […]

A Lake Forest mansion sold Monday for just under $6.4 million, closing below its 2017 sale price after nearly two years on the market.  The 11,500-square-foot home at 261 East Onwentsia Road, with eight bedrooms and 13 bathrooms sold for $550 per square foot. The home, designed by architect Darcy […]

Chicago investor Grey Bemis-Kelley’s half-acre property in Fulton Market is going up for sale again after several previous efforts fizzled out. Cresa brokers Marcus Cook, Patrick Kobilca and Alex Ross have been tapped to sell the property, located at 415-417 North Sangamon Street, with no […]

A half-empty Loop office tower is the latest landlord banking on the “Google effect” to revive Downtown Chicago’s battered office market.  Located at 2 North LaSalle Street, the tower is just north of 713,000 square feet, but is only half-full, according to CoStar. JLL brokers were hired to […]

Publicly traded medical property specialist Welltower continued its Chicagoland selling streak last week.  The Toledo, Ohio-based firm sold a nursing home at 600 West Ogden Avenue in Hinsdale to Lincolnwood-based Pearl Healthcare for $21.5 million, public records show.  Pearl Healthcare, led by […]

After spending decades and roughly $14 million buying, gutting, and selling properties, the Tulsa couple is now enjoying their ninth home—one they built from the ground up.

Zillow’s lawsuit against the Chicago-area MLS and Compass shocked the real estate world this week. But for those paying attention in Chicago, it was the spillover of a long-brewing standoff between the rival companies.  By Zillow’s telling, Midwest Real Estate Data and Compass used their huge […]

The sellers poured more than $40 million into the project, which included combining a pair of units on the 64th floor.

Mortgage rates surged to the highest level since March in reaction to two hotter-than-expected inflation reports.

CNBC’s Diana Olick reports on the latest moves in mortgage rates.

The Sullivan Canyon home was inspired by the architecture of classic California ranches including San Ysidro Ranch, where John F. Kennedy and Jackie Kennedy honeymooned.

Joe Sitt, Thor Equities CEO, joins ‘Money Movers’ to discuss growing data center buildouts, demand for office real estate, and more.

BlackRock’s Rick Rieder lays out his playbook for navigating market turbulence and earning income while you wait.

Plus, Wichita is becoming a rare mecca for the new middle class.

Mortgage rates continued to climb higher, but stronger homebuyer demand helped to keep mortgage applications in positive territory.

The number of condominiums sold in Los Angeles County in January and February was the lowest it’s been since 2005.

Mall owners resort to banning anyone under 18 unaccompanied by an adult, following waves of teen disruptions at their properties.

New York is moving ahead with a pied-à-terre property tax in its budget. Existing taxes from around the world’s major cities show the limits of the policy.

Keller Williams events are known as the biggest and best in the real estate industry, and planning and hosting an event as large as Family Reunion or Mega Camp takes serious coordination. After every conference, the KWRI Events team surveys attendees to gather feedback about their experience. The […]

The roughly 11,000-square-foot house is one of the most expensive on the market in Massachusetts.

Andy Walden, ICE head of housing market research, joins ‘The Exchange’ to discuss the state of home prices, affordability and much more.

Collectively, Americans owe $1.25 trillion on their credit cards, according to a new report by the Federal Reserve Bank of New York.

The clinical psychologist on mediating problems between her mother and father, her two-chapter childhood and working with patients in front of the camera.

The Penn Station neighborhood, known for dirty streets and a claustrophobic train station, is attracting blue-chip office tenants.

The “Will & Grace” actress, who renovated the Upper East Side apartment twice, is asking $6.495 million.

Home sales barely moved in April, as mortgage rates shot higher the month before and uncertainty over the war with Iran weighed on consumers.

Real estate sales in Manhattan worth $4 million or more increased in the past month, according to Olshan Realty.

CNBC’s Diana Olick joins ‘Squawk on the Street’ to report on the latest housing data.

The property, which has 200 feet of frontage on the Atlantic, has a 2,100-square-foot main house and a smaller guesthouse.

Rent, food and other costs are cheaper than the national average. A duplex boom is attracting middle-income earners to the Midwestern city.

As public support for large-scale data center buildouts declines across the U.S., a new type designed to operate inside individual homes is coming.

While homes sitting on the market aren’t an ideal scenario, there are options for sellers to consider as a “Plan B”. The post What Happens When Homes Don’t Sell? What to Know About a “Stuck” Market appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

The pair purchased a vacation home in Palm Springs and renovated the Midcentury Modern property.

Fed chair nominee Kevin Warsh is putting his own spin on the independence of monetary policy. Many former Fed officials aren’t sold.

Buying your first home comes with a mix of excitement and pressure, especially when it comes to balancing wants vs needs in first home decisions. It’s easy to get drawn to stylish finishes and dream features, but the most successful buyers focus first on how a home functions day to day – and […]

Plus, we go inside Missouri’s most expensive ZIP Code and an apartment renovation in Venice.

Orphe Divounguy, Zillow senior economist, joins ‘Fast Money’ to talk the health of the housing market.

The owners spent years restoring the Spanish Colonial Revival, using blueprints from the original owners.

This Redfin guide explains how to refinance an inherited property to buy out heirs, providing a roadmap through the legal and financial steps to settle an estate fairly using home equity. The post How to Refinance an Inherited Property to Buy Out Heirs: A Comprehensive Guide appeared first on […]

So you’ve decided you’re ready to purchase a home. But is your credit where it needs to be? If not, then you’ll want to start working to improve it. The post 6 Steps to Build Credit Before Buying a House appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

A lighting crisis is brewing in L.A.: Residents say the new LED streetlights are harsh and bright, while copper wire thefts have left others with no light at all.

Historic houses offer a sense of history, craftsmanship, and character that’s hard to find in newer construction. Learning about the types of historic homes helps buyers and homeowners recognize the architectural details and design elements that define each style – and make more informed […]

Propy, a Miami-based blockchain technology company that launched in 2017, has been trying to modernize the closing process for residential homes.

Houses are so expensive due to a long-term supply shortage. Too many buyers fighting for a limited number of homes has pushed prices to record levels—even as more buyers get priced out. But a new law could help. The post Why Are Houses So Expensive Right Now? appeared first on Redfin | Real […]

Zillow CEO Jeremy Wacksman joins ‘Closing Bell Overtime’ to talk quarterly results, the state of the housing market, headwinds for home sales, and more.

House prices are unlikely to go down anytime soon, but they will rise more slowly. Learn why prices are so high, when affordability should improve, and what buyers and sellers can do to win today. The post When Will House Prices Go Down? appeared first on Redfin | Real Estate Tips for Home Buying, […]

A recent analysis by BlackRock shows how much income investors are leaving on the table with cash compared to bonds.

A network of Span nodes, communicating with each other across the country, is the equivalent of a small to mid-sized traditional data center.