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The Federal Housing Finance Agency (FHFA) recently announced the baseline of Fannie Mae and Freddie Mac conforming loan limit (CLL) will increase by 7.42% in 2021. The loan limit for single unit property mortgages acquired by Fannie Mae and Freddie Mac will go from Continue Reading
Westerly apartments: Luxe interiors in River West
The River West neighborhood is a great place if you’re searching for a quieter area that’s still within walking distance of all the hot spots in Fulton Market or West Town. In the past few years, the neighborhood has seen a lot of changes but in this vibrant area, you’ll Continue Reading
Summer Housing Market Update
The primary season for real estate sales typically reaches a peak at the end of Spring, flowing into the start of Summer. However, Chicago's real estate market was delayed due to COVID-19 so we're seeing market numbers that reflect closer to that of Spring. Currently, buyer Continue Reading
Spring Housing Market Update
COVID-19 continues to impact the housing market. As Illinois adjusts to the extended stay at home order, we are closely monitoring and adapting to market changes. For the Spring housing market update, we broke it down in a SWOT analysis to strategize for the upcoming months. Continue Reading
New Energy Efficient Midrise in Old Town
Chicago’s Old Town neighborhood will soon be home to a new 9 story residential building located at 343 W. Shiller St. The 105 unit apartment building focuses on energy efficiency per the design of Brininstool + Lynch. As part of their green initiative, the 105,000 sqft Continue Reading
Porte – West Loop’s New Block-Size Project
Chicago's West Loop continues to be the perfect building ground for tech firms, popular restaurants, and trendy boutique stores. So it's no surprise that more and more renters are scoping out their new home in this thriving neighborhood. West Loop’s popularity is up 7% this Continue Reading
How COVID-19 is Affecting Our Agents
With the weather turning to spring, many of us are increasingly anxious to get back to normal routines and prepare for a busy summer showing homes. As we continue to adjust to COVID-19, Pearson Realty Group wants to remind everyone to stay motivated and optimistic during Continue Reading
How COVID-19 is Affecting the Real Estate Market
There is no question that the spread of COVID-19 (coronavirus) has drastically disrupted daily lives and thrown a wrench in many future plans. As Chicagoans adapt to the Stay-at-Home order and we enter what was primed to be an especially hot spring for listings, many current Continue Reading
Adult Use Cannabis & IL Dispensary Locations
The demand for adult use marijuana in Illinois continues to grow since its legalization in January 2020. Currently, the majority of dispensaries taking on the city's recreational users are those previously licensed for medical use. Luckily, the pressure won't be on them for Continue Reading
Chicago Housing Market in 2020
If you're thinking of buying or selling a home in 2020 but are hesitant to make the move, you're not alone. The Chicago housing market has been in what seems like a constant fluctuation over the past 10 years. With frequent market dips and changes in interest rates, the Continue Reading
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