UpdatedFri, Feb 19, 2021 at 10:01 am CT
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Chicago is among the cities to see the steepest decline in rent prices across the U.S. In the past year, the cost of rent has decreased by 12.5 percent in the city. (Shutterstock)
CHICAGO AREA, IL While rent is on the rise in smaller, more-affordable U.S. cities, many of the country s largest metropolitan areas and coastal cities saw prices fall rapidly throughout most of 2020, illustrating how the COVID-19 pandemic had a starkly different effect on regional housing markets over the course of the year.
Chicago is among the cities to see the steepest decline in rent prices. In the past year, the cost of rent has decreased by 12.5 percent in the city. Meanwhile, suburban towns closer to the city on Apartment List s final National Rent Report of 202o, including Oak Park and Arlington Heights, have also seen a dip in rent, while towns farther out have seen increases.
(iStock, Wikipedia Commons/Illustration by Alexis Manrodt for The Real Deal)
The number of newly licensed Chicago residential brokers has been on the rise, fueled by a hot Chicago housing market and Covid-related layoffs.
The Chicago Association of Realtors reported a 40 percent jump in new member compared to 2019 numbers, according to the Chicago Tribune. The organization also reported that inquiries in its pre-license classes spiked 65 percent from July through December, compared to the same period in 2019. CAR represents 14,500 members statewide.
New brokers included residents laid off from the pandemic, like Lauren Schwartz, who in April lost her job booking hotel reservations, the Tribune reported. She earned her broker license last fall and joined a relative’s real estate group at Dream Town Realty, according to the report.
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Real estate professionals with MRED connections post strong showing in Swanepoel Power 200
Midwest Real Estate Data LLCJanuary 13, 2021 GMT
LISLE, Ill., Jan. 13, 2021 (GLOBE NEWSWIRE) Seven real estate professionals with ties to Midwest Real Estate Data were named to the 2021 Swanepoel Power 200 list of top executives.
The list, which also features MRED President/CEO Rebecca Jensen, ranks the real estate brokerage industry’s most influential leaders based on eight criteria including organizational impact and initiatives.
MRED subscribers featured on the list included:
Michael Golden and Thad Wong (Co-CEO & Founders, @properties) - 33