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Despite a pretty solid economic outlook, Chicago is floundering when it comes to the real estate market.
That’s according to the 2018 “Emerging Trends in Real Estate” survey. The survey ranked Chicago 49th out of the 79 biggest real estate markets, a drop of seven places from 2017. Chicago lags far behind more popular “hot” markets such as Dallas, Denver, and Nashville.
Meh.
Property values in the Windy City either remained flat or decreased a bit and the city’s fiscal woes seem to be scaring investors away.
But not all the news is bleak.
Chicago scored quite well in comparison to other Midwestern cities in the survey. The area ranked fifth, with an average rating of 3.67, among 13 Midwest markets, behind Minneapolis/St. Paul, Indianapolis, Columbus and Kansas City, Mo.
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.
Mr. Willig also ran a consulting practice and provided valuation, analysis, and transactional support services to multi-billion-dollar real estate companies.