News – Five Star Realty Services

Chicago home prices are spiking. Here's how they've changed in 25 years.

By Dennis Rodkin Home values in Chicago have doubled over the last 25 years, but nationwide they’ve more than tripled and in some coastal cities th...

Feds pull grant funding from Illinois fair housing orgs that investigate discrimination

By Lily Carey, Medill Illinois News Bureau March 17, 2025 01:36 PMJohn Petruszak opened his email Feb. 27 to find a message he called “shocking”: t...

Mortgage rates near 3-month low in boost to demand

By Vince Golle, Bloomberg - March 06, 2025 11:29 AM - U.S. mortgage rates declined last week to an almost three-month low, sparking lending ac...

New inventory isn’t coming to rescue Chicago homebuyers from rising prices

By Dennis Rodkin - Crains Chicago Although a deep shortage of homes on the market is driving prices ever upward, don’t count on a surge of new in...

Chicago-area home prices keep going up. Here are four key takeaways.

By: Dennis Rodkin - Crains Chicago The aggressive price growth in the Chicago-area market lasted through the end of 2024, a group of monthly data r...

What's in store for Chicago's housing market in 2025

By Dennis Rodkin - Crain's Chicago The past year’s vigor in the Chicago-area residential real estate market might carry it over the new hurdles ...

Anti-gentrification ordinance gives rare power to tenants over building sales

Renters in some North and West Side neighborhoods will soon have the rare power to control who buys the buildings they live in, under the city's la...

New delay, rewrite for renters’ right of first refusal in gentrification zones

The aldermanic sponsors of a new anti-gentrification ordinance are calling for a delay until March for their plan to give renters in fast-gentrifyi...

Renter Households Are Growing Faster Than Homeowner Households: How You Can Capitalize on This Trend as a Future Homebuyer

The number of renter households in the U.S. has surged, growing three times faster than homeowner households, according to recent data from the U.S...