Redfin: Chicago Now a Top Destination Among Home Buyers
Posted by Helaine Cohen on Monday, August 14th, 2017 at 7:49am.
Although we’ve seen plenty of recent headlines about people moving away from the Chicago area, a recent migration report from Redfin is telling a different story now.
According to the national real estate company, people who already live in Chicago seem to be staying put for the time being, as the Windy City apparently had the most loyal residents of any major U.S. metro during the second quarter of 2017.
The report looked at the online home search activity of over one million Redfin users across 75 cities from April through June, and roughly 92.1% of Chicago users mainly search homes and condos in the same area.
Detroit and Milwaukee were among cities that registered the highest number of users looking at homes in different cities, and Denver, surprisingly enough, also had a significant number of people looking at properties outside of town as well.
As a a major Midwest hub for so many industries, it’s hardly surprising to see more people pondering a move to the Windy City, even as tax rates rise for just about everything. But with jobs also comes opportunities, which out-of-state home buyers seem to be considering in 2017.