The latest news about the shifting Chicagoland real estate market.
We are now in the summer market, and things are changing. Today I’ll go over what’s happening in the Chicagoland real estate market.
Our market has stalled somewhat. Interest rates and the cost of living are rising. Meanwhile, the financial markets have taken a hit. What does that mean for our market? In times like these, people tend to contract and be more wary with their finances.
You can think about it like the first day it snows. People stall and don’t want to go outside, but things go back to normal after a few days. I believe that our market will slow down over the next 18 months. Things have stalled right now, but the market will start to pick up. Keep in mind that summer tends to be slower even in a normal market.
Stay tuned for more market updates, and if you have any questions, don’t hesitate to reach out to me by phone or email. I look forward to hearing from you.