Entries by erjames

Chicago Luxury Market Sets Sales Record in Q3

Through August, Chicago had already recorded as many luxury sales as in all of 2016 or 2017.  Chicago’s luxury housing market set a record for $1 million-plus sales in the third quarter. The city tallied 424 luxury home sales in the third quarter, a 19 percent increase year over year, according to the Re/Max Luxury Report for the Chicago metro area.

Those Shiny New Apartments Aren’t What Millennials Need

In the early 2010s, economic development emphasized renting over homeownership and young people over families, and clustered economic activity in urban cores instead of outlying areas. This model didn’t need much from the political system. But trends in recent years, affirmed by the latest census data, show that we’re going to need a different framework in the years to come, and it’s not clear yet if the economy and political system are up to the task.