What’s Happening: Chicago Single-Family Housing Market Highlights Average Home Sold Price: $355,000 Homes for Sale: 5,307 Closed Sales: 2,105 Under Contract: 1,780 Average Days on the Market: 54 days Listing to Contract: 27 days Price per SqFt: Continue Reading
NAR Settlement Updates: 2024 Real Estate Commission Changes
2024 NAR Settlement Updates In a groundbreaking decision that's stirring up the real estate world, the National Association of Realtors (NAR) has reached a landmark settlement, that will change the dynamics of real estate agent compensation nationwide. For decades, sellers Continue Reading
Chicago’s Commercial Real Estate Foreclosure Crisis
Are We Facing A Commercial Real Estate Foreclosure Crisis? In recent months, as reports of commercial foreclosure have been on the rise, the question on every investor's mind is whether the time is right to explore commercial real estate investments. Navigating the Continue Reading
Q2 2023 Market Update: An Insider’s Guide To Chicago Real Estate Trends
Q2 2023 Market Update The Chicago real estate market has been on a roller coaster ride over the past few years. After a period of rapid growth in 2020 and 2021, the market has cooled off somewhat in 2022. Although growth has slowed, the past 2 quarters have been relatively Continue Reading
Pearson Realty Group 2022 Chicago Top Producer Team
Pearson Realty Group Awarded Chicago 2022 Top Producer Team Every year the Chicago Association of Realtors (CAR) looks at local market data to determine the top-producing real estate teams in the Chicago market. Considering the Chicago & Cook Country real estate Continue Reading
CAR 2022 Market Outlook Highlights & Summary
Chicago Association of Realtors Market Outlook 2022: Highlights & Summary The Chicago Association of Realtors has come together for another "State of the Union" for the Chicago real estate market. A handful of industry experts from all over Chicago gave a fantastic Continue Reading
Interest Rate Predictions with former Bond Broker, Kirby Pearson
The predictability of interest rates is one of the most common questions asked about in real estate today. Fluctuation in interest rates is directly related to home buying power and therefore sales prices. We sat down with Pearson Realty Group‘s Kirby Pearson, former Continue Reading
Summer Housing Market Update
The primary season for real estate sales typically reaches a peak at the end of Spring, flowing into the start of Summer. However, Chicago's real estate market was delayed due to COVID-19 so we're seeing market numbers that reflect closer to that of Spring. Currently, buyer Continue Reading
Spring Housing Market Update
COVID-19 continues to impact the housing market. As Illinois adjusts to the extended stay at home order, we are closely monitoring and adapting to market changes. For the Spring housing market update, we broke it down in a SWOT analysis to strategize for the upcoming months. Continue Reading
Update On Fulton Market Developments
Over the past decade, Fulton Market has grown from a rarely visited area west of the Kennedy Expressway into a flourishing destination for residents, tourists, and even large corporations. This sub-area of West Loop originally paved its way into popularity when The Continue Reading
