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Higher mortgage rates are messing with the housing market
The average 30-year fixed-rate mortgage has reached 7.4%, impacting the housing market significantly. This increase is affecting sellers, buyers, and new homeowners alike, creating a ripple effect throughout the market.
Future development opportunities targeted in South Chicago land use plan
A new land use plan for South Chicago aims to enhance future development opportunities in the area. The plan focuses on increasing commercial developments, including multifamily, retail, and office spaces, to complement existing investments totaling billions of dollars.
Real Estate Roundup: Building sales, new leases to know across Chicagoland
This roundup highlights recent building sales and new leases in the Chicago metro area. It provides insights into the latest real estate transactions and developments that are shaping the local market.
Scannell Properties to break ground in 2027 for Elgin industrial development
Scannell Properties is set to begin construction on a new industrial development in Elgin in the second quarter of 2027. The project will feature a 660,000-square-foot facility, with delivery anticipated in the first quarter of 2028.
How companies should navigate pay transparency in job postings
Recent data indicates that 60% of workers are unwilling to apply for positions that do not include salary information. This trend highlights the growing importance of pay transparency in job postings. Companies are encouraged to adapt their hiring practices to meet these expectations.
Chicago venture capital funding slides in Q3
Venture capital funding in Chicago decreased to $432 million in the third quarter of 2026. This decline highlights ongoing challenges for startups in securing investment. The report provides insights into the current state of funding in the local tech ecosystem.