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REAL ESTATE
Illinois Teachers seek real estate/real asset consultant
The $71 billion Teachers’ Retirement System of Illinois (TRS) in Springfield issued RFPs for consulting firms to provide real estate and real asset investment advice. Incumbent firm Stepstone Group is invited to participate in the search, according to a press announcement on the search, which is collecting responses from interested firms until Aug. 14.
Report: Housing is less affordable due to red tape in Illinois
A new report found that Illinois had the third-worst rate in the nation for building new housing units in 2023, with the main culprit being over regulation. Illinois Policy Institute found that government regulations account for nearly $70,000 of the $292,000 median home price in the state. Researcher Ravi Mishra...
Live.Laugh.Illinois. Real Estate Group sets ‘new standard’ for southwestern Illinois real estate
Innovative community-driven brokerage launches with a unique “teamerage” model, offering hometown expertise and a world-class experience. Local Shiloh real estate expert Jessica Michalke recently announced the launch of Live.Laugh.Illinois. Real Estate Group. This new full-service brokerage promises to elevate the real estate experience in Shiloh and the surrounding...
Illinois Will Give You $10,000 to Stick Around the State, Put Down Roots
National Homeownership Month just wrapped up as we turned our calendars to July, but the Governor of Illinois is still offering $10,000 for a downpayment to new and existing homebuyers. According to a press release from the Illinois Housing Development Authority, free assistance to homebuyers has been offered since 2018...
Illinois sales are increasing as inventory rises — but not in the city
Statewide home sales increased slightly during May, according to data from Illinois REALTORS®, but the increase in inventory was much starker. In May, 13,068 homes sold: a 0.2% bump from last year. At the same time, the number of homes on the market rose 2.1% year over year, hitting 18,295 available homes. During that period, the state’s monthly median price was $300,000, 9.1% higher than in May 2023.
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