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Chicago is Number 1… For Weakest Housing Market


Yikes! According to a forecast from Realtor.com, the Chicago area will have the weakest housing market among 100 U.S. metropolitan areas next year. Even Cleveland fared better. This is a return to 100th place for Chicago, which also ranked at the bottom of the list in the forecast for 2017.

It’s predicted that both the median price and the number of homes sold locally will fall in 2019.

"The real estate market will be a reflection of what we're seeing in the Chicago economy in general," said Danielle Hale, the author of the report and chief economist for Realtor.com.

But Hale said she doesn't see either figure as terribly worrisome. The drop in prices, she said, "may not be the best news for homeowners and sellers, but for people who want to buy into the market, it helps."

Read on at:

https://www.chicagobusiness.com/residential-real-estate/back-bottom-chicago

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.

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