Strong 1st Quarter sales

Tracy Cross & Associates, Inc. 1st Quarter 2024 Homebuilders in the Chicago metropolitan region carried their momentum from 2023 into the 1st quarter of 2024 by recording 1,410 new home sales during the three-month period, an increase of 17.3 percent compared to 1,202 sales registered during the same timeframe in 2023. Activity in the single […]

Chicago-area new home sales had their second-best year of the past 15

Dennis RodkinCrain’s Chicago BusinessFebruary 8, 2024 Credit: Re/Max Ultimate ProfessionalsBuyers paid a little under $570,000 in October for this five-bedroom house on Amarillo Boulevard at Lennar’s Elgin development called the Ponds of Stony Creek, one of the region’s biggest sellers of new construction homes in 2023. The super-low inventory of resale homes helped turn buyers […]

Developer lands $66 million loan for suburban townhome rental project

One of the biggest real estate trends—building single-family houses and townhomes for rent—is coming to Oswego, where a Texas developer is getting started on a 178-unit project. Alby GallunCrain’s Chicago BusinessJune 20, 2022 A Texas developer has scored a $66 million construction loan for a rental townhome project in Oswego, a housing type that’s popping […]