Crain's Daily Gist

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including how Chicago-area home prices have doubled since 2000 and the median price of homes sold hit a new record in April, even surpassing the usual peaks in summer months.Plus: After working through the night, state lawmakers finalize $53.1 billion budget; CPS releases schools budget under new funding formula as $391M deficit looms; local investor buys distressed offices next to Oakbrook Center mall; and a South Loop skyscraper development site handed over to lender.