National 2024 Housing Market Forecasts No one really knows for sure what the national mortgage market will bring in 2024, we’ve summarized the forecasts offered by top housing economists. HOME PRICE PREDICTIONS Housing economists do not expect home prices to see...
The Chicago Home Shortages Hit Startling Low What Happens Next Year? Chicago homes for sale, already low for years, sank to the lowest point in at least 17 years. The Chicago Association of Realtors reported Monday that 5,352 city homes were listed for sale as of Dec....
Chicago’s Real Estate Market Stagnates As Owners Dig In More than 80% of homeowners have 30-year mortgages with interest rates of 4% or less. Today’s rate is falling a bit from 8% to around 7.5% (with no points) but still the gap from 4% to 7.5% is enormous. Say a...
Chicago’s Home Inventory Drop Leads USA As Rates Hit 8% The number of homes for sale, called “inventory”, is way down all over the country as mortgage interest rates rose from 3% to almost 8% during the pandemic. Of all major cities, Chicago has seen the largest drop...
Chicago’s Home Price Growth #1 In Among Major U.S. Cities For the third month in a row, home prices grew faster in the Chicago area than in any other majorU.S. metro area, according to new data from the S&P CoreLogic Case-Shiller Indices releasedthis morning....
Normally Quiet August Real Estate Market Continues to Roar August is typically a slow month in real estate as people vacation then get ready for the start of the school year- spiking after school starts. However, the August market continues to roar. The market has...
