A decade ago, first-time buyers in Chicago’s southwest suburbs were often younger and willing to fix up a home in exchange for a lower price. That buyer has largely disappeared. Ellen Williams is a residential agent with Coldwell Banker Real Estate Group in downtown Plainfield, Illinois. She says today’s first-time buyers are noticeably older and ...
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Plainfield, Illinois Is Caught Between Its First Wave of Aging Homes and Buyers Who Won't Touch Them
Plainfield, Illinois, about 40 minutes southwest of Chicago, spent the last two decades building itself into a family-oriented suburb with good schools, highway access, and prices well below neighboring Naperville. That growth phase worked. Families moved in, raised children, and put down roots. Now many of those original homeowners are entering retirement, and their homes ...
The western suburbs of Chicago have a pricing fault line, and it runs right through the $350,000 mark. Below it, multiple-offer situations and bidding wars still define the experience for buyers. Above it, the market loosens considerably – and the dynamics, negotiation tactics, and buyer psychology shift with it. That split is shaping strategy for ...
On the hillside lots of West Los Angeles and the South Bay, the backyard a homeowner wants and the backyard a site will allow are often two different things. Increasingly, what can be permitted and built on a particular lot shapes the design before aesthetics enter the conversation. In-ground pools and spas show this most ...
Burr Ridge mayor says sales tax and development fees, not property taxes, determine whether suburbs can fund police, roads, and services – creating a fundamental disconnect with residents who oppose revenue-generating projects Most suburban residents assume that property taxes are the lifeblood of their local government. But according to Gary Grasso, Mayor of Burr Ridge, ...
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Original reporting from other Illinois markets on the KeyCrew network.
Finding a single-family home under $350,000 in Lombard, a western suburb of Chicago, is now nearly impossible, according to Angie Corcione, who leads The COR Team at Fulton Grace Realty and has spent nearly 30 years in the western suburbs market. That price floor, which not long ago marked a comfortable entry point for first-time ...
In parts of the Midwest where the housing market still favors sellers, a split is emerging that has less to do with location than with condition. Two houses can sit side by side in the same neighborhood, built around the same time, and sell at noticeably different prices. The difference, according to Jean Lewis, who ...
In small towns where the housing stock is old and buyers are stretching to qualify, a deal’s success often depends on whether the seller is willing to pitch in on repairs. In Chester, Illinois, a Randolph County town where most homes were built decades ago and new construction is scarce, that willingness is now the ...
Rising home prices are often blamed on mortgage rates. In Chicago’s western suburbs, the bigger driver is a shortage of homes for sale. Buyers there have spent roughly two years competing for a limited supply of listings, according to Chris Pequet, a broker with Jameson Sotheby’s International Realty. Pequet has worked mainly in the area’s ...
Inventory on the Metro East side of St. Louis has nearly doubled in the past year, climbing from roughly 1.6 months of supply to between 2.3 and 2.5 months, according to Jean Lewis, who has worked the Metro East market for 29 years with Jean Lewis Homes at Keller Williams Pinnacle. Yet well-priced homes in ...
Some small investors in Illinois are moving away from long-term rentals. The reason isn’t weak numbers. It’s the legal risk of renting to tenants in the state. In Chicago’s far northwest suburbs, cities like Elgin and McHenry look like strong rental markets on paper. Home prices are affordable, many residents rent rather than own, and ...
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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 ...
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