Chicago’s Housing Weakest Among 25 Major World Cities

For the third year in a row, Chicago ranked as the weakest housing market in 25 major cities around the world. 

Of the 25 cities covered by this year’s UBS Global Real Estate Bubble Index, Chicago is the only city whose homes are undervalued. 

Sounds bad. But if you’re hunting for a new home in the Chicago area, it’s pretty good news. It also means that Chicago is at no risk of a “popped bubble” leading to a steep downturn in home prices. 

However, for homeowners, it means their investment is performing weakly compared to homeowners in cities like Boston, New York, Los Angeles and San Francisco.

Read on at:

Mr. Willig engages and coordinates a professional team of real estate brokers, general contractors, leasing agents, and property managers in order to rehabilitate, lease and maintain the properties he acquires for SpringView Investments. He has over 20 years of finance and accounting experience.

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