Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest news from the local housing market, including the bad week downtown Chicago's condo market just had.

Plus: Brandon Johnson says city and state finances are at a "point of no return;" RTA warns fare hikes are coming, one way or another; ADM expects biofuel mandate to spark profit rebound; the Merchandise Mart hits the market as owner Vornado eyes N.Y.-only portfolio; and retailer Claire's files bankruptcy for U.S. operations.