05/28/20: Home Prices Were Recovering. Then Came COVID.

Chicago-area home prices were poised to rebound just before the COVID outbreak. Crain’s residential real estate reporter Dennis Rodkin delves into the newest data and has more on the first multi-million dollar home sale of the pandemic, what’s next for @properties, a condo for sale by the city’s “flashiest attorney,” and a Bucktown couple who intentionally bought an “ugly” house to maximize their housing dollars. Plus: City sets reopening date for businesses, Aon 'hardship committee' will judge whose salary cuts are reversed, Illinois faces $76 billion hit to economic output, Amazon is opening a grocery store in Schaumburg and church groups are suing over the governor’s reopening restrictions. Find #CrainsDailyGist on Twitter and let's continue the conversation.