C
hicago's luxury property market is experiencing a significant downturn. The departure of high-net-worth individuals like billionaire financier Ken Griffin has led to a glut of high-end condos and penthouses, with prices plummeting by millions of dollars. Griffin's own $145.4 million portfolio, once the epitome of Chicago's wealth and status, now represents a symbol of the city's struggles. With crime on the rise and businesses fleeing, Chicago is facing an exodus of its wealthy elite, leaving behind a trail of undervalued properties that are attracting bargain hunters.
realestate
Chicago's Luxury Mansion Market Slumps, Hurting High-Profile Owners
Discounted sales indicate broader decline of city due to business exodus and rising crime rates.
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realestate
Real acquires Flyhomes' home search technology platform
AI-driven technology connects agent tools, client experience, and transaction flow.
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realestate
Howard Hanna Donates to UVA Health Children's Hospital
Howard Hanna Real Estate Services donates to support families with children at UVA Health Children's.
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realestate
Rocket completes $1.75B acquisition of Redfin real estate
Two companies introduce new pricing program for clients as part of July 1 announcement.