05/27/21: Homes are going for well over the asking price

Crain's Daily Gist

The average home in Chicago is now selling for over 100 percent of the asking price, but home values overall are still rising slower than in other major cities. Reporter Dennis Rodkin joins host Amy Guth to explain why that’s not necessarily a bad thing in a recap of this week’s real estate news. Plus: Mayor Lightfoot unveils plan to help hard-hit businesses, Illinois House passes long-awaited weed license bill, Illinois and Discovery Partners Institute team up to monitor COVID in wastewater and the travel rebound gains steam.