What’s Next for The New Year? Fantastic Market Constrained By Climbing Rates and Supply Predictions are tough, we all learned that lesson lately. But buyers and sellers need to make decisions based on something, so here goes: Prediction #1: Mortgage rates will...
Chicago’s Weather and Market Begins to Cool Off This month, we are going to examine the market covered by the MRED MLS listing service (basically Chicagoland) to look for trends. MRED tracks data on a weekly basis to compare 2020 to 2021 statistics. This gives us a...
The Chicago Housing Market Boom Actually Calms As Sales Normalize If you had doubts that the COVID real estate peak was ending, look at this infogram. The total closings in Chicagoland were the lowest in 2 months but more telling, the 2nd lowest since the pandemic...
Chicago’s Weather and Market Begins to Cool Off This month, we are going to examine the market covered by the MRED MLS listing service (basically Chicagoland) to look for trends. MRED tracks data on a weekly basis to compare 2020 to 2021 statistics. This gives us a...
Housing Exuberance Ends These Four Key Fundamentals Show Market Fizzling The latest statistics provided by the Chicago Association of Realtors through the end of August paint a grim picture for real estate. In many areas, four key indicators are off compared to the...
Mixed Market Shows Signs of Slowing Down The July 2021 Chicago area market stats are in and we might be on the cusp of a slowdown. In Lincoln Park, sales are up 135% from last June 2020 while inventory down 15%. In lakeview, sales are up 114%, while inventory is up...