Chicago Real Estate Podcast with Vergis Eiland
Chicago Real Estate Podcast with Vergis Eiland
Vergis Eiland
Chicago Real Estate Forecast
1 seconds Posted Jan 23, 2020 at 4:56 pm.
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We’re sharing our forecast for the real estate market in 2020. Looking to buy a Chicago home? Get a Full Home SearchSelling your Chicago home? Get a Free Home Price Evaluation Today we’ll be sharing a Chicago real estate forecast for 2020. It’s incredible that 2019 is over and 2020 is here.  In 2020, I believe the Chicago real estate market will be fairly solid; it’s not going to go too high or too low, at most sales prices may decrease by around 1%. Many sales will happen, a lot of development, numerous people buying, many people selling. Inventory may go up, so buyers might have more from which to choose. It should be a relatively stable environment in 2020.The mortgage rates will be great, we don’t expect them to go up in 2020. We were fortunate enough to have three Fed cuts throughout 2019, which helped mortgage rates and real estate sales overall. It should be a relatively stable environment in 2020, similar to 2019. That’s wonderful news for both buyers and sellers.  If you need a real estate broker or have any questions, please reach out to me by phone or email. Also, if you have any loan or refinancing needs you can reach out to David Bowen at (708) 705-7911. Happy New Year!