Prices Finally Dip- Our 2022 Chicago Housing Market Predictions Several factors are in play that are causing the outlook of the Chicago area housing market to be uncertain. Let’s take a look at them: Certain Posh Neighborhoods Still Red Hot. In certain areas on...
Chicago Real Estate Market is Setting Records The Chicago-area housing market is still going strong for a second year. There is one area that is slowing down a bit- the city condo market. Home sales in both the city and the nine-county metropolitan area in March were...
Buyer Anxiety Surges-No End In Sight For Feeding Frenzy Rising rates of over 1 full percentage point for 30-year fixed rate are driving would-be fence sitting buyers into the Spring market. These first time home buyers are in for a shock, as there are barely any homes...
Is the Chicago 2022 housing market in a correction? Are we experiencing Temporary Covid Blues? Maybe… Almost universally, the new listings and inventory for most Chicago neighborhoods in January 2022 has fallen 50% from the same time last year. Closed listings,...
Top Five 2022 Market Outlook Takeaways for Chicagoland 1. The Worst of the Inventory Strain Has Passed, But Inventory Will Still Be a Challenge The Chicago metro area had 15,400 homes for sale in December 2021 compared to 31,600 homes in December 2016. Intense housing...
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...
