Is The Chicago Housing Market Recovering Well From COVID-19?
Posted by Helaine Cohen on
As we transition from the spring market to the summer market, many of us are still wondering what the housing market will look like during the rest of 2020 and heading into 2021. While still it’s impossible to know how COVID-19 will change market conditions over time, realtor.com's Weekly Housing Recovery Report is showing some positive signs.
Not surprisingly, there’s been substantial growth in online home searches since the beginning of the pandemic, and asking prices have also surpassed pre-COVID levels too.
But according to economists at realtor.com, movement in supply is still expected to be well below seasonal levels.
Also noted is that cities and markets with a strong technology sector are better-equipped to weather the storm thanks to…
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Mid century modern architecture has always been a popular style but it’s become especially trendy over the last couple years, especially among suburban home buyers in Chicago. As you probably already know, Chicago’s North Shore is where you’ll find an impressive collection of classic mid century modern homes. From Evanston and Wilmette all the way up to Glencoe and Highland Park, there’s really no shortage of desirable mid century modern homes in the area that are ideal for any true mid century modern enthusiast.
If you’re in the market for a new condo you may want to consider a garden unit. That’s because there are plenty of pros when it comes to buying a garden unit condo.
If you’re looking to buy in the near future, you’re sure to love the news condos of Peoria Green. From the location to the floor plans, we found three great reasons you’ll love the property.
The pace of home price growth in Chicago continues to lag behind the national pace, and new reports show it’s slowed down even more in recent months. For some time, the Chicago area was running about half that of the national pace. 
High prices and a lack of buyers in Chicago may be indicative of a housing bubble. At least that’s what some real estate experts are saying.
Who doesn't love a cool, historical, loft-style building? Industrial lofts are hot and timber is one feature that truly sets an urban living space apart from any other. So if you're in the market for a new place and a timber loft is high up on your wish list, here's a closer look at several of the top places to begin your search...
The Belgravia Group recently launched sales for their much anticipated, CA6 property containing 72 total units. As originally designed, the building was to have 67 condo units that were under 2400 sq. ft. and 5 units being 3150 sq. ft. The larger condos were priced from $1.63 million, while the smaller ones started at just under $826,000.
The fantastic new construction Regal Estates are coming soon to the Irving Park area. The project is a new offering from Dolyva Development located at 4033 N Elston Ave. The luxury complex has a mixture of simplexes and duplexes starting in the mid $300K range. There are options for a 3BR-2BA simplex unit as well as, a huge 4BR-3BA duplex unit.
While developers and architects are sometimes tasked with shrinking down projects to appeal to nearby neighbors, one particular project is doing just the opposite. Last summer, LG Development announced plans for two towers to go in at the corner of May and Lake streets.