News – Five Star Realty Services

Downtown rents jump as supply pipeline dries up

By Rachel Herzog Crains Chicago Business June 09, 2025 11:20 AM Renters looking for a downtown apartment this summer can expect fewer opt...

Homeowners will shoulder bigger share of Chicago property taxes this year

By Danny Ecker May 23, 2025 02:40 PM Chicago homeowners will pick up more of the local property tax tab than commercial landlords in the cit...

Chicago-area new home sales see one of the strongest first quarters in a decade

By Dennis Rodkin Chicago-area homebuilders had strong sales in the first quarter, one of the two strongest openers to a year in the past decade. Bu...

Chicago home price growth again doubled the nation's last month

Credit: @properties Christie's International Real Estate This house on Keystone Avenue in River Forest sold in March for $820,000. By Dennis Rodki...

How the tariff war will impact Chicago's housing market

By Dennis Rodkin, ChicagoBusiness.com Around the same time last week that President Donald Trump was unveiling his worldwide tariff plan, Chicago...

Chicago home prices are spiking. Here's how they've changed in 25 years.

By Dennis Rodkin Home values in Chicago have doubled over the last 25 years, but nationwide they’ve more than tripled and in some coastal cities th...

Feds pull grant funding from Illinois fair housing orgs that investigate discrimination

By Lily Carey, Medill Illinois News Bureau March 17, 2025 01:36 PMJohn Petruszak opened his email Feb. 27 to find a message he called “shocking”: t...

Mortgage rates near 3-month low in boost to demand

By Vince Golle, Bloomberg - March 06, 2025 11:29 AM - U.S. mortgage rates declined last week to an almost three-month low, sparking lending ac...

New inventory isn’t coming to rescue Chicago homebuyers from rising prices

By Dennis Rodkin - Crains Chicago Although a deep shortage of homes on the market is driving prices ever upward, don’t count on a surge of new in...

Chicago-area home prices keep going up. Here are four key takeaways.

By: Dennis Rodkin - Crains Chicago The aggressive price growth in the Chicago-area market lasted through the end of 2024, a group of monthly data r...

What's in store for Chicago's housing market in 2025

By Dennis Rodkin - Crain's Chicago The past year’s vigor in the Chicago-area residential real estate market might carry it over the new hurdles ...

Anti-gentrification ordinance gives rare power to tenants over building sales

Renters in some North and West Side neighborhoods will soon have the rare power to control who buys the buildings they live in, under the city's la...