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According to Crain’s, in 2018, the most active real estate markets in Chicago were on the South Side. Key indicators of the real estate market's health on the South Side were all good: more homes sold at a higher median prices and a shorter average time on the market than the year prior.
There were several factors driving this dynamism in the housing market, one of which was affordability. Relative to the North Side, lower-cost deals could easily be found.
Another reason behind the growth spurt is the availability of financial assistance from sources such as the city's Micro-Market Recovery Program, the Marquette Bank Affordable Housing Foundation and the Illinois Housing Development Authority.
Also fueling the sales growth was the overall increase in employment. New jobs mean stronger home sales.
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.