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According to a survey of from UBS Group AG, Chicago is the only major financial center where the housing market is undervalued.
The survey of 20 financial centers, including New York, Hong Kong, Boston and London, shows that Chicago is an outlier. Most of the other cities are either overvalued or in “bubble risk.”
Chicago is “a wonderful city, but its fiscal challenges are well-known,” says Jonathan Woloshin, head of Americas real estate at UBS’s global wealth unit. “When you factor in population flows, when you factor in income growth, when you factor in home price growth, that’s why Chicago scores where it does.’’
But hey, what’s wrong with affordable housing?
Read on HERE:
Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.
Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.