Buyer and seller activity continues to be strong, while in the leasing world things have cooled down. Owners must be nimble while we enter into a “renter’s market”.
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Inventory of new homes is up, prices are at an all time high, and new rental trends may be changing the outlook for real estate investors.
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As we are adjusting to this “new normal”, market trends are indicating a very competitive market for both buyers and sellers. It seems to be both a buyer’s and seller’s market at the same time.
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Coronavirus has hit the Chicago real estate market. We are seeing hesitation from both buyers and sellers, but there are still opportunities out there!
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