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Chicago Housing Market Continues 5-Month Slump


The weather may be warming up in Chicago (and the Cubs as well) but the housing market is still cool as home sales continued their downward spiral in April.

The Chicago metro area saw 10,093 home sales in April, a 6 percent decrease from last year. But it was better than March which saw a 10 percent slide.

Not all the news was bad, Some submarkets did well in April, including Lake County, where sales increased by over 2 percent from the previous year.

Chicago’s weak housing market may also get a boost this summer as interest rates stay steady and Millennials begin to consider buying a first-time home.

Read on at:

https://therealdeal.com/chicago/2019/05/21/chicago-housing-market-fails-to-heat-up-in-april

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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