The South Loop is red hot right now. Last week, in a single evening, nearly 1,500 apartments were proposed in new towers for the neighborhood.
Those towers include a show-stopper by Helmut Jahn which would become one of the tallest buildings in the city.
To read about all the projects, head over to Curbed Chicago here.
The latest figures are in for the top-selling suburbs in the Chicago metro area for the month of August, and Naperville was the leader again.
Overall, sales in the suburbs picked up by 4.3 percent year over year. The three leaders, Naperville with 254, Joliet with 229 and Aurora with 222 actually saw their numbers decline but the condo/townhouse numbers increased across the area.
For more, head over to Chicago Agent Magazine here.
Architect Helmut Jahn is behind the design for a new South Loop tower that would rise 86 stories, making it among the tallest in the city, the fifth tallest, in fact, at 1,030 feet.
It would include as many as 506 residences at 1000 S. Michigan Ave.
For more, head over to Curbed Chicago here.
Home sales continued to mark increasing prices in August as sales saw an expected decline with the end of the summer, according to a new report on the national market from the National Association of Realtors.
In the Midwest, existing home sales declined 1.5 percent to 1.28 million, but that figure represented a year-over-year increase of 5.8 percent.
Perhaps the best news in the report is that first-time homebuyers are making a come-back. Their participation in the market rose to 32 percent, up from 28 percent in July and matching the highest share of the year set in May. Year-over-year it represented a 3 percent increase.
Read more at Chicago Agent Magazine here.