Housing

The Chicago City Council may soon consider allowing more accessory dwelling units (ADUs) after two aldermen reached an agreement on a revised ordinance.

The Chicago City Council may soon consider allowing more accessory dwelling units (ADUs) after two aldermen reached an agreement on a revised ordinance.

Mortgage rates just saw their biggest one-day drop in months?hitting their lowest level since late 2022. The average 30-year fixed rate dipped to 6.13% on Tuesday, as investors anticipate a widely expected rate cut by the Federal Reserve. But as we?ve seen before, what looks like relief for homebuyers can quickly shift?especially if rates move unexpectedly after the Fed?s decision.

This summer, purchasing agreements are seeing an uptick in cancellations as more homebuyers back out. Baird & Warner's Sammy Lubeck breaks down what's happening in the Chicagoland market in relation to this.

More and more Chicago suburbs are tightening the rules and banning short-term rentals altogether. While they're popular with travelers, some local leaders say they're causing problems, from parking headaches to loud parties to safety concerns.

If you've ever scrolled on TikTok and wondered what it's like to live in one of those stunning high-rise apartments in Chicago, you've probably come across Dean Lauvina (@deanchicagoliving) and his series "How much do you pay for rent in Chicago?" He discusses what's hot in the Chicago rental market right now and what renters should know before signing on the dotted line.

The Chicago City Council did not vote Wednesday on a proposal to make it easier to create more accessory dwelling units across the city after two aldermen blocked the measure.

Chicago alders will consider allowing more accessory dwelling units, or ADUs, to provide more affordable housing.