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05/31/2026
05/31/2026

The slowest housing market in decades is stretching into its fourth year, and even real-estate agents who made it this far are reaching a breaking point.

Most of them are independent contractors and get paid when a deal closes. With fewer sales to go around and homes taking longer to sell, more agents are ditching the industry or finding second jobs.

The downturn is also hitting mortgage-loan officers and the many other industries reliant on home sales, from appraisers and photographers to appliance manufacturers.

The housing market is cyclical, and it is common for employment to grow during booms and fall during busts. But the current slow market has lasted longer than most anyone expected. When measured as a share of total households, last year’s existing-home sales pace was the worst since 1982, according to an analysis by First American Financial.

Read more: 🔗 https://on.wsj.com/3S809Fe

05/27/2026

Drive down Lake Shore Drive today.

You will see an endless wall of sleek, modern glass high-rises.

But a century ago, the absolute undisputed crown jewel of the lakefront looked completely different.

It was a massive, towering, medieval castle.

And the story of who lived inside is legendary.

But the reason the city let it be destroyed is enough to make any true Chicagoan sick to their stomach.

In the 1880s, the Gold Coast didn't even exist.

It was just a swampy, undesirable stretch of sand north of the city.

But a ruthless, visionary millionaire named Potter Palmer decided to change that.

He bought up a massive chunk of the untouched lakefront.

He wanted to build an impenetrable fortress for his wife, Bertha Palmer.

Bertha wasn't just a wealthy socialite.

She was the absolute, undisputed queen of Chicago.

She ruled the city's high society with an iron fist.

So, her husband built her a home that looked like it belonged to European royalty.

The Palmer Mansion was a staggering, multi-story castle.

It featured towering stone turrets, defensive battlements, and a massive spiral staircase.

It was the largest private residence in the entire city.

It was so fiercely exclusive that the massive front doors didn't even have exterior doorknobs.

If you weren't invited by Bertha herself, you simply could not get inside.

Inside, the castle was dripping with unimaginable, Gilded Age wealth.

The floors were covered in rare mosaics.

The walls were draped in imported European silks.

It featured a sweeping, three-story central hall and a staggering 90-foot picture gallery.

During the 1893 World's Fair, Bertha hosted the most powerful people on the planet.

Kings, queens, and presidents walked through those heavy, knobless doors.

Bertha used the massive walls of her castle to hang her personal art collection.

She was completely obsessed with French Impressionism.

She aggressively bought up paintings by Monet, Renoir, and Degas long before they were globally famous.

Ask any local art historian today.

They will tell you this is Chicago's ultimate cultural flex.

When Bertha died, she donated that priceless collection to the Art Institute of Chicago.

Her personal paintings are the exact reason our museum is world-famous today.

But the fate of her incredible castle is a heartbreaking Chicago tragedy.

Following Bertha's death, the massive mansion became far too expensive to maintain.

In 1950, greedy developers bought the historic property.

They didn't care about the history, the stunning architecture, or the legacy.

They just wanted the incredibly valuable lakefront dirt.

Despite its staggering beauty, the wrecking balls arrived.

The most famous home in Chicago history was completely pulverized into dust.

It was replaced by a pair of generic, twin high-rise apartment buildings.

If you talk to locals who love Chicago architecture, they still fiercely mourn this loss.

They consider the demolition of the Palmer Mansion to be one of the greatest crimes in the city's history.

It was a brutal, irreversible lesson for Chicago.

But it sparked the fierce architectural preservation movement we have today.

We learned the hard way that once you destroy a piece of history, you can never get it back.

The castle on the lake is gone forever.

But the queen who lived inside it permanently changed the soul of our city. 🏰

05/25/2026

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