Illinois

Midwest Real Estate Data moves to abandon NAR membership requirement

Midwest Real Estate Data (MRED) moved Monday to formally separate access to its multiple listing service (MLS) from mandatory membership with the National Association of Realtors (NAR) — a change the organization’s leader said is aimed at expansion and risk management. MRED offers wholesale listing data and technology to roughly 40 partner Realtor associations and […]

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Illinois bill targets private real estate listings with new disclosure rules

Lawmakers in Illinois are reestablishing their position in the real estate industry’s private listings debate.  On Wednesday, State Representative Lillian Jiménez introduced a bill into the state’s House of Representatives seeking to amend the state’s Real Estate License Act of 2000. Rep. Jiménez sponsored a similar bill that was introduced in February of 2025. However,

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Midwest housing markets coming in hot for 2026

As the housing market moves into 2026, competition remains intense in many parts of the country — especially in smaller metros where inventory is critically low. New findings from HW Data based on supply, pricing and buyer activity show that demand for single-family homes continues to far outpace available homes in several markets, even as

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RMLS Alliance becomes Broker Public Portal shareholder, expands reach via Cribio

RMLS Alliance (RMLS-A) is the Broker Public Portal (BPP)’s newest shareholder. In addition, RMLS-A listings are now live on Cribio, the BPP’s public facing portal. The BPP is an industry-led initiative formed by brokerages and multiple listing services (MLSs) that aims to deliver a national MLS home search experience to consumers. RMLS-A serves roughly 1,600

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Midwest dominates Zillow’s most popular housing markets of 2025

Home shoppers in 2025 gravitated toward more affordable, midsized U.S. cities, with Midwestern markets accounting for most of the country’s most popular places to buy, according to new data released by Zillow. Rockford, Illinois, ranked as the most popular housing market in the country, moving up from second place last year. And the Midwest accounted

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Greystar reaches $7M settlement in rent-setting lawsuit

A $7 million settlement agreement with Greystar Management Services was announced by California Attorney General Rob Bonta — part of a coalition of nine state attorneys general pursuing antitrust claims tied to RealPage software. The settlement requires Greystar to stop using software that employs competitively sensitive information to align rents and to cooperate in the

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Foreclosure activity up nearly 20% in October

ATTOM released its October 2025 U.S. Foreclosure Market Report, showing 36,766 properties with foreclosure filings — including default notices, scheduled auctions or bank repossessions — a 3% increase from September and more than a 19% increase from a year ago. October marked the eighth straight month of year-over-year foreclosure activity increases, with completed foreclosures up

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Why Springfield homes sell faster than Illinois average

The Springfield, IL metro housing market recorded a median days on market of 28 days for the week ending Nov. 7, 2025, moving faster than the Illinois state median of 49 days. The accelerated sales pace comes as the metro’s median list price sits at $199,700, well below the state median of $309,900. Springfield’s housing

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Decatur homes sell twice as fast as national average

The Decatur, IL housing market is moving at twice the national pace, with homes selling in just 35 days compared to the 77-day national median, even as median list prices climbed 17.8% year over year to $152,450. The Decatur metro absorbed 24 homes last week, up 33% from 18 homes during the same period last

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Migration 2025: Where Americans are moving to — and why

Americans are still drawn to major cities — despite rising living costs and urban congestion. U.S. News & World Report’s 2025 migration trends report shows the popularity of migration pathways such as New York City to Los Angeles, San Francisco to Austin, Texas, and Charlotte to Chicago — highlighting persistent interest in urban living, despite

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