Chicago Real Estate Forecast 2017 – Winston Rowe & Associates

[Winston Rowe]

Chicago Real Estate Market Trends 2017

With Chicago home sales up 9.3 percent compared to the same month one year prior,

In addition to a higher number of homes selling at a faster pace than before, data for January also showed a notable increase in Chicago home prices, which were up a surprising 12.4 percent over the same period in 2016. Unusually low inventory—an issue that also faced the market last year—is contributing to surging prices.

On the state level, Illinois median home prices have already recovered to the pre-recession levels. If that figure continues to increase into 2017, it will mark four straight years of price gains. With rising interest rates looming on the horizon and the market still starved for supply, real estate agents are encouraging more homeowners to take the plunge and list their homes.

Winston Rowe & Associates, a no upfront fee commercial real estate finance firm that provides funding solutions for bridge and hard money funding solutions for apartment buildings and multifamily buildings is positioned for capital deployment for the Chicago area apartment acquisitions, rehab’s and refi’s in

They can be contacted at 248-246-2243 or visit them online at http://www.winstonrowe.com