Construction Boom Shows No Signs of Slowing Down in Chicagoland

More than 8,800 apartments will be added to Chicago’s housing inventory in 2017, and another 2.800 will be added in 2018, according to a forecast from the Appraisal Research Counselors, an independent consulting firm. A Metrostudy survey finds that throughout the metro area, 6,250 new units were started in the twelve months ending in the second quarter of 2016.  This 5.6% increase over the previous year represents the strongest annual starts performance in over seven years. As available lots in desirable locations have become limited, developers and builders have been looking at infill lots as possible locations for future developments. 

Housing Recovery Continues, Chicago Areas Move Past 2006 Price Peak 

Since the beginning of the year, single-family home values in five Chicago-area zip codes have surpassed their 2006 price peaks. CoreLogic reports that prices in a total of 18 zip codes are now ahead of 2006, while 156 remain below that level. Chicago zip code 60610, which includes the neighborhoods of Gold Coast and Old Town, continues to show strength. As of May 2016, the price index of 60610 was up 20.1 percent from its previous high, which it eclipsed back in February 2013. Western Springs, parts of Oak Park and Schaumburg have also had healthy recovery in home prices, and zip codes within Glenview and Evanston are within striking distance of their 2006 peak price index. 

Berkshire Hathaway HomeServices Consumer Survey: Boomers & Millennials Feeling Positive

Results of the latest Berkshire Hathaway HomeServices Homeowner Sentiment Survey have been released and it indicates that current and prospective homeowners remain optimistic about the current state of the U.S. Real Estate Market! To read more about the findings of this BHHS exclusive survey, check out the article on Business Wire or view the complete results by clicking here.

26 Pine Tree Lane, Burr Ridge
Carefree living in this highly sought-after 3 bedroom, 3.5 bath bright and sunny town home. Gorgeous, newly-renovated white kitchen with eat-in breakfast area and loads of counter and cabinet space. 1st-floor office, picture-perfect sun room overlooking lovely gardens. Family room with vaulted ceiling. Finished lower level includes rec room, game room, 3rd bedroom/exercise room and full bath. 2-car garage. Patio and lush landscape! To read more, please click here.

Rustic Fall Colors 

Moving from colors that pop in the summertime into shades that evoke the crisp fall air, House Beautiful lists 25 Rustic Fall Colors you can bring into your home. Dress up pillows with espresso, mocha, or latte, or accent walls with burnt orange or persimmon. To see the complete list of 25 color schemes, please click here.

Host a Winning Tailgate Party  

As the leaves begin to fall and sports seasons rev up in full swing, HGTV.com offers a number of ways to throw a fantastic tailgating party. Whether you’re heading to a football game, a nice fall concert, or simply want to enjoy the outdoors with great company, consider setting up a trail mix bar, investing in collapsible seating, and bringing blankets to keep warm! HGTV.com covers all of these suggestions and many more, in which you can read by clicking here.