đď¸ Housing market cools off (a little)
By Sidney Madden |Â @sidney_madden_
đď¸ Housing Market
The cityâs housing market has cooled off slightly.
The median price for a home in Chicago was $370,000 in April, down 1% from that time last year, according to the Illinois Realtors Association.
But thatâs still significant because recent housing prices in the city have remained mostly flat compared to 2021.
Could that signal an end to the hot housing market? Depends who you ask.
Outside the city is a different story. Compared to this time last year, the state and national realtors associations found the median home prices increased:
â 4.8% in nearby counties
â 4.2% in Illinois
â 14.8% nationwide
Why are prices down in Chicago? A pandemic desire for more space, aka single-family homes, has affected the cityâs condo and townhome markets, Crainâs reported.
đ If youâve been house hunting recently, tell us some tips! Weâll share with fellow readers. Email chicago@citycast.fm, or text/call 773-780-0246.
In Other Housing News
Converting small apartment buildings into single-family homes could be more strictly regulated with a new ordinance Mayor Lori Lightfoot is set to put forward this week, according to The Daily Line.Â
Buyers and sellers have of course had to adjust to the changing market â but so have homebuying assistance programs, the Tribune reported.
đś Sabaâs Chi Roots
Sabaâs new album âFew Good Thingsâ touches on joy, sadness, and loss â and City Castâs Jacoby Cochran canât stop talking about it.
He joined the Album ReBrews podcast to drink beers from Funkytown Brewery and talk about the Austin nativeâs latest release.
Jacoby and hosts Sarah Beidatsch and Zac Emry dissect songs from the album, and how they connect to the artistâs Chicago roots.
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đ° Newsfeed
About 60% of Illinois kids ages 5â11 arenât vaccinated, according to the Illinois Department of Public Health. Eight counties in the state are already considered high risk for COVID-19 transmission, a category Cook County is nearing. [Tribune; NBC Chicago]
Mike Madigan knew about secret payments, newly released documents reveal. The FBI recorded the exâIllinois House Speaker as he discussed a plan to funnel money to a former political aide. [Sun-Times]
Skyâs Candace Parker is one of Timeâs most influential. The two-time WNBA champ is a âforce to be reckoned with,â Dwayne Wade wrote about Parker for the magazineâs annual list. [Time]
Lane Tech baseball team won CPS championship âž The North Side team beat Gwendolyn Brooks 2â1 at the city championship at Wrigley Field Monday. [Lane Tech]
â Guess This ChicagoanâŚ
Monday, we gave you some clues to guess the first Black McDonaldâs franchisee, and a few readers got it right!
Big shoutout to Natasha L., our swag winner, and Melissa C. for guessing Herman Petty, the barberâturned franchise owner who owned the East Woodlawn location.
Visit âHerman Petty Way,â on Marquette Road between Stony Island and Dorchester, which was named after Petty this week.
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