News—September 20, 2024

Overview of Short-Term Rental Regulation in Chicago The rise of short-term rentals (STRs), particularly platforms like Airbnb, has raised concerns regarding housing affordability. The increasing popularity of STRs often results in the conversion of long-term rental properties into short-term rentals, further exacerbating the housing supply crisis. In response, several cities, including Chicago, have implemented regulations...

Realtors—September 17, 2024

In September 2024, New York City made a bold commitment to sustainability by introducing a green building mandate that will reshape the city’s skyline and its environmental footprint. Starting in 2025, all new residential and commercial buildings must meet specific environmental certification standards, such as LEED Gold or higher. This new regulation is part of...

Commercial—September 16, 2024

The rapid expansion of e-commerce has dramatically transformed the commercial leasing landscape, particularly in the industrial real estate sector. In September 2024, the e-commerce boom continued to drive demand for warehouse and distribution center spaces, creating a competitive market for industrial leasing. In cities across the United States, including Chicago, Atlanta, and Los Angeles, the...

Tech—September 15, 2024

In August 2024, blockchain technology is making significant strides in the real estate industry, fundamentally transforming the way property transactions are conducted. Companies like Propy and ShelterZoom are leading the charge by using blockchain to create secure, transparent, and efficient property transactions. Through the use of smart contracts and decentralized ledgers, these platforms aim to...

Residential—September 15, 2024

As rental prices continue to rise and affordable housing remains in short supply, co-living and shared housing solutions are gaining traction as a practical and affordable alternative for renters. A report from Co-Living Today, released on September 15, 2024, reveals that these innovative housing models are becoming more prevalent, especially in major urban areas where...

Realtors—September 11, 2024

California’s Tenant Protection Act (SB 567) came into full effect, marking a significant step forward in safeguarding the rights of renters across the state. The landmark legislation was passed to address the growing housing crisis and protect tenants from unjust rent hikes and displacement. By introducing a series of regulations, the law seeks to create...

News—September 10, 2024

Homeownership Trends Among Multigenerational Households The homeownership rate for multigenerational households reached 74.2% in 2022, surpassing the rate for all other family households, which stood at 73.9%. This marks a significant shift from 2012, when the homeownership rate for multigenerational households was only 69.3%, falling behind other family households at 71.3%. This increase of 5...

Commercial—September 9, 2024

As the commercial real estate market continues to evolve, one trend that has gained significant momentum in September 2024 is the rise of co-working spaces. With the shift towards hybrid and remote work models, businesses are increasingly looking for flexible leasing solutions, and co-working spaces have emerged as an attractive alternative to traditional office leases....

Residential—September 8, 2024

The luxury real estate market is exceeding expectations in 2024, with affluent buyers increasingly pursuing larger, more private estates that offer both luxury and comfort. According to a report released on September 8, 2024, by the Luxury Real Estate Institute, high-income buyers are driving demand for exclusive properties in both urban and suburban areas. Developers,...