AgentIndustry News

Chicago in a week: Sept 5-9

This week's Chicagoland news relating to the real estate industry

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Need news in a flash? Here’s what’s happening in your community

Home values in the 60010 ZIP code (Barrington, Hoffman Estates, Deer Park, Kildeer, Inverness and Fox River Valley Gardens) are expected to grow through the next 12 months, according to Weiss Analytics.

A new report from Trulia finds McMansions — big plots of land dotted with similarly styled homes — are losing appeal in some areas of the country. Between 2012 and 2016, premiums for a McMansion home in Chicago fell 26.6 percent. In 2006, the median price for a McMansion home in Chicago was $569,560, with a premium of 106.5 percent. Today, that median price is down to $485,272, with a premium of 118.9 percent

Apartment List’s latest Renter Survey studied renter satisfaction across major metros, grading factors such as affordability, crime, jobs and weather. Chicago renters gave the Windy City a B- for overall satisfaction. Safety and crime, along with quality of scores and weather, received a D. However, public transit was given excellent marks.

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