Archive for rental market

The Numbers: Surprise: North Side Rents Have (Mostly) Risen in 2014

[click to expand] If you live in Chicago (and you probably do), this news is not likely to surprise you too much: rents have gone up this year. Yes, rents across the North Side have mostly gone up in 2014. According to apartment search site Zumper, the the median rent in Chicago has gone up [Read More]

December 21, 2014 | Author: Curbed Chicago | Comments: Comments Off | Categories: Apartments, Chicago Real Estate News, Condos, Cook County, Locations, Single Family Homes, Townhomes

Studio Rent Prices in Chicago Have Jumped 40% Over Last Year

Chicago is often cited as one of the more affordable major cities in the country, and even with the Windy City experiencing an apartment boom, Chicago’s rep for being a relatively affordable place to live continues to hold steady. According to data from a new report released by apartment search site Lovely, overall median rent [Read More]

July 25, 2014 | Author: Curbed Chicago | Comments: Comments Off | Categories: Apartments, Chicago Real Estate News, City of Chicago

Buying Chicago Real Estate Cheaper than Renting

A new report from Trulia shows that buying is cheaper than renting nationally, including in all 100 of the largest metro areas (though not as cheaper as it was last year). Even with buying still 38 percent cheaper than renting overall (and 47 percent cheaper in Chicago in particular,) there are still risks on your [Read More]

Rent Outpaces Home Price Game for Homes in Chicago

It’s time to be looking for somewhere to buy, not rent for homes in the Chicagoland area! That’s because the rent is rising across the Chicago metro area; year over year, rent has jumped up 5.6 percent, which is more than double the national average of 2.4 percent, according to a new study by Trulia. [Read More]

May 21, 2013 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, City of Chicago, Economy, Economy AOI, Featured

NAHB Urging Congress to Keep Homeownership Affordable

The National Association of Home Builders (NAHB) is urging Congress to maintain its support for vital housing tax incentives, including the Low Income Housing Tax Credit, the mortgage interest deduction and real estate tax deductions, to meet the nation’s growing need for affordable rental housing and homeownership opportunities. U.S. Census data shows that more than [Read More]

Perfect Storm Makes Buying Homes in Chicago Cheaper than Renting

Thinking of getting out of your rental due to rising rents, but not sure if it is the right move financially? Data recently released by Trulia Blog in their rent versus buy comparison found that purchasing a home in Chicago was 50 percent cheaper than renting. However, this situation is not likely to last for [Read More]

April 04, 2013 | Author: Kevin B. Morrow | Comments: (0) | Categories: Chicago Real Estate News, Economy, Economy AOI, Featured
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