First-person real estate news from the verified agents, lenders, and operators working Oak Park. Original local reporting from KeyCrew Media, not aggregated hot takes.
Including stories from Chicago and Naperville.
In the western suburbs of Chicago, homeowners who list above market value, banking on the idea that a motivated buyer will negotiate down, are not just sitting on stale listings. According to Michael Berg, a broker covering DuPage County and parts of Cook County, those overpriced homes function as unpaid marketing for every competitively priced ...
In the Chicago suburbs, single-family homes in desirable locations are drawing multiple offers and selling fast. Condos are moving in the opposite direction: inventory is climbing, financing is getting harder to secure, and sellers are increasingly offering concessions. The gap between the two segments is widening, and the forces driving it apart show no sign ...
As housing markets across the Sun Belt have cycled through sharp run-ups and subsequent corrections since 2020, the Chicagoland market has followed a notably different path. While cities like Phoenix, Nashville, and Tampa drew waves of remote workers and saw prices surge well beyond sustainable levels, Chicago absorbed post-pandemic demand more gradually, producing steady price ...
Original reporting from other Illinois markets on the KeyCrew network.
Scroll through listings in North Orange County, California, this fall and the market looks like it is softening: price reductions dotting the inventory, homes sitting longer than they did a year ago, sellers pulling back from their original ask. For buyers, it is tempting to read those cuts as a signal that values are falling ...
For years, the housing shortage in DuPage County and the surrounding western suburbs of Chicago has had a straightforward explanation: homeowners locked into mortgage rates of 2% or 3% have little financial reason to sell. But a different source of supply is now filling part of that gap: older homeowners who are downsizing, moving into ...
Nationally, housing inventory is rising, and leverage is shifting toward buyers. Chicago is not following that pattern. Inventory remains tight, particularly in single-family homes, and the structural reason is straightforward, according to Zohaib Khurshid, a listing agent with RE/MAX Premier: homeowners locked into mortgage rates of two or three percent have little financial incentive to ...
Lake County, Illinois spans a housing market so wide it includes both $60,000 properties and $5 million estates within a single county. That range alone makes it unusual. What stands out right now is the intensity of buyer competition: according to Redfin data cited by Saieshwar Chikoti, a member of RE/MAX Top Performers, as of ...
In most major U.S. metros, luxury residential prices have either recovered from pandemic-era disruptions or pushed past their 2019 peaks. In downtown Chicago, several of the city’s most invested-in neighborhoods, Gold Coast, Streeterville, Magnificent Mile, and parts of River North, remain flat to down over the past five years. That gap between Chicago’s trajectory and ...
A property that sits on the market too long in the Chicago suburbs doesn’t just lose momentum; it loses credibility with buyers. Listings that expire without a sale carry a stigma, and relisting at the same or higher price rarely solves the underlying problem. But agents working the Berwyn corridor and surrounding towns are finding ...
Editor-picked local real estate reporting from markets across the KeyCrew Media network.
Spokane’s residential market has settled into a pattern that rewards discipline and punishes nostalgia. Sellers who list based on what they remember from a few years ago – when homes drew multiple offers within days – are finding that the market has moved on without them, according to Kim Hagel-Barkley of The Barkley Group in ...
The gap between Houston’s residential market and its coastal neighbor shows what happens when short-term rental speculation meets a correction. Harris County, Texas, currently has roughly six months of housing inventory – enough to classify it as a balanced-to-soft market where sellers need to price carefully and present homes in strong condition. But the sharper ...
The U.S. rental market built aggressively during the pandemic era, particularly in Sunbelt cities like Nashville, Austin, and Dallas. Now much of that new inventory, especially high-end apartments, is sitting partially empty, competing for renters whose budgets have tightened considerably since construction began. The disconnect is straightforward: developers built expensive Class A apartments in markets ...
In most American markets, holding a property for ten or twelve years builds a cushion of equity. In Manhattan, that assumption no longer holds across large segments of the market, according to Nikolay Afanasyev, Founder & CEO of CITY SPHERE Property Group, a boutique brokerage covering Manhattan and parts of Brooklyn. Rising building carrying costs, ...
For buyers waiting on the largest purchase of their lives, the appraisal process is one of the last black boxes in a home purchase. Turnaround time isn’t a single number; it’s the sum of scheduling, inspection, report production, quality review, and any revision cycles that follow, and thin appraiser panels and uncontrolled revision cycles are ...
The company has already published over 5,000 articles in collaboration with over 1,800 market experts across all 50 states, powered by a tech-forward approach to research and reporting. MIAMI, FL – July 28, 2026: KeyCrew Media, the expert-sourced real estate news network, today unveiled KeyCrew Local, a network of local real estate news sites and ...
Local real estate reporting from the markets around Oak Park.
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