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Real Estate

Need a Home with More Space in Chicago?

If you’re a millennial, home buying might be top of mind for you. Your generation is the largest group of Chicago home buyers in the market today and has been since 2014, according to the NAR. And while other millennials are looking to buy for the first time, you may be one of the many who are now discovering you’ve outgrown your house.

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Categories
Real Estate

Supply & Demand Impact Real Estate Buying and Selling Goals

In today’s housing market, there are far more buyers looking for houses than sellers listing their homes. Based on the concept of supply and demand, this means house prices will naturally rise.

Why is that? When there are more people trying to buy a listing than there are making that property available for sale near you, that drives prices up. And that’s exactly the case in today’s housing market. So, knowing what’s happening with the inventory of houses for sale and the demand for housing is crucial for today’s buyers and sellers in Chicago, IL, and surrounding areas.

🗸 Nationally, Demand Is High and Supply Is Very Low

🗸 What Does This Mean if You’re a Seller?

🗸 What Does This Mean if You’re a Buyer?

Read all points in detail to educate yourself.