Chicago landlord, business groups sue to block transfer tax hike
Voters are set to decide whether to increase the tax paid on real estate sales above $1M. Landlords and business groups say referendum violates the state constitution
by Taylor Anderson Jan 5
The listings Inman writers couldn't stop thinking about this year
From a French chateau to a 2-flat in Chicago, here are some listings that caught the eye of Inman's writers this year
by Ben Verde Dec 29
US home prices tally biggest uptick of 2023 amid steep mortgage rates
The S&P CoreLogic Case-Shiller National Home Price Index posted a yearly increase of 4.8% in October, the fastest annual rate gain of 2023 and 'the strongest national growth rate since 2022'
by Ben Verde Dec 26
House Hacking spiked amid COVID. In 2024, it will be a household name
Last month, Fannie Mae lowered its down payment minimum for some properties, clearing a path for investors like Alejandro and Jessicas Cuevas, who bought in Chicago with hacking in mind
by Taylor Anderson Dec 26
Can an LA condo set a $50M record? Agents say, why not?
LA's luxury condo market has never seen a sales price above $35M. But some agents say that under the right conditions, a condo could sell for more — and it soon may be just the right time
by Lillian Dickerson Dec 15
Making the nice list: Holiday movies about home and real estate
Opinion
From small-town listings to picture-perfect homes, these holiday movies follow characters whose real estate decisions lead them home for the season
by Jessi Healey Dec 15
The investor on a quest to buy 250 rentals near the US's top schools
Sean O’Dowd and his partners are betting they can generate healthy returns by buying single-family homes in the best school districts. They're buying hundreds of homes in just 21 ZIP codes
by Taylor Anderson Dec 12
More than a donation: This team bet big on charitable partnerships
Broker Julie Busby shares the how and why of her brand's partnership with the Greater Chicago Food Depository and the impact it has had on agents, clients and the community
by Julie Busby Dec 11
NAR argues against setting trial date in Moehrl commission suit
The trade group's attorney says NAR is 'still analyzing' the consequences of the Sitzer | Burnett verdict. Judge Andrea R. Wood says Moehrl is a 'different case' that will likely go to trial in Q4 2024
by Andrea V. Brambila Nov 29
What other cities can learn from LA's rocky 'mansion tax' rollout
LA's new tax on high-priced property sales has been a drag on the real estate industry while raising far less revenue than the city expected, an Intel analysis suggests
by Lillian Dickerson Nov 29
Century 21 CEO Mike Miedler on his 'relentless' pursuit of NYC in 2024
The Century 21 president and CEO spoke to Intel about his 25th anniversary with the brokerage, deploying AI to recruit agents and his plan to grow marketshare across New York City in 2024
by Marian McPherson Nov 22
Mr. Beef is a mansion? Under Chicago's proposed tax, yes
Since its appraised value is over $1M, the iconic Italian beef stand would incur significantly higher transfer taxes in a sale if Mayor Brandon Johnson's proposed 'mansion tax' passes
by Lillian Dickerson Nov 17
Chicago voters to decide whether to hike real estate transfer tax
Proponents said the measure would raise $100M per year. Chicago Realtors said the tax was volatile and not a reliable funding stream
by Taylor Anderson Nov 8
NAR CEO Bob Goldberg to retire early after 'emergency meetings'
Goldberg had been set to leave at the end of 2024, but will now step down this month. His departure comes on the heels of a harassment scandal at the trade organization
Despite high cost to finance, home prices hit new heights in August
Housing prices increased 0.4% between July and August and were up 2.6% on an annual basis, representing new highs in many markets
by Ben Verde Oct 31