A Perfect Storm is Brewing in the Chicago Housing Market
Abstract
The Windy City has always been a hotbed for real estate activity as with most areas of the US in recent years, the market has reached a fever pitch. Multifamily and single-family homes have been selling at record prices and bidding wars were becoming commonplace. A perfect storm of economic and supply factors is coming together to create an environment in which the real estate market could soon cool off. FastExpert wanted to get a grasp on the Chicago housing market, so we reached out to Bill Samuel, a residential real estate developer that specializes in rehabbing houses and renting/selling them in the Chicago area. As Bill points out, "The current supply of homes for sale is still very low and roughly 58% less than pre-pandemic levels. While available inventory is still low it is slightly higher than it was Continued The post A Perfect Storm is Brewing in the Chicago Housing Market appeared first on FastExpert.