Chicago is a great place to live. The weather is pleasant almost every day of the year. The job market is good. Chicago is centrally located and offers jobs to residents of all ages. The housing market is doing well too.
Chicago Housing Market Trends. Recent listings in Chicago show that this city is very walkable, even in the warmer months. Public transportation is great, with so many nearby options. It is convenient to use a bicycle for most outings.
Chicago, IL is certainly an attractive city to live in. It will attract people to come to Chicago regardless of what the forecast says. The downtown neighborhoods are appealing, filled with entertainment and opportunities. No matter what the forecast says, Chicagoans will not be turning their backs on their city.
Chicago is certainly one of the largest cities in the United States. The city is divided into seven labor rich, Chicago region districts. These areas are West Chicago, South Chicago, North Chicago, southwest Chicago, north of Chicago, and northeast Chicago. The city is highly urbanized, but not as crowded as some of the other large cities in the United States. Chicago is very popular for tourists and visitors. The number of tourists visiting Chicago has risen consistently since the turn of the millennium, and the outlook is promising.
Home Prices in Chicago Metro Area In the last year we have seen an excellent job market in Chicago. We have also seen that property values are rising in the Chicago metro area. Both of these factors contribute to strong home sales. Real estate sales were up 4% in the last year to an all time high in Illinois.
The Chicago real estate market offers both first time home buyers and investors with plenty of housing options. The rates are lower than ever before. The future for Chicago homes in the upcoming years looks particularly bright, as we near the end of the first decade of a decade with the onset of what is predicted to be an incredible real estate market during the next ten years.
Home Sales in Chicago Metro Area As we move into the fall, we will see a slower pace of home sales, but we also know that the heating up in the housing market will soon take hold. Homebuyers should start shopping for their new homes around October of this year. Right now the Chicago area is experiencing a shortage of supply compared to demand. That will change, however, as we move into the winter months. Until then, we have had a slow start to the Chicago housing market.
Chicago is one of the great cities in the United States and has long been recognized as a cultural hub as well as a thriving metropolis. Now that the warm weather has started to set in, Chicago has a chance to shine even brighter. With tax incentives, discounted housing prices and attractive homebuyer incentives, we can expect to see a sharp increase in home sales and property values this winter. We can also look forward to an exciting, and hopefully successful, run for mayor in Chicago in the not too distant future.
The end of the year is nearing, and with tax hikes, Chicago's housing prices are certainly on the rise. We saw this effect last year when tax hikes took effect and pushed prices up. If you are considering buying a home in Chicago now, don't wait too long. You can enjoy some great housing deals right now. Between the income tax hike and the home-sale tax break, you can get a great deal on your new Chicago home.
This is an interesting time to buy a home in Chicago, because the government spending is running rampant. At this point, we have double-digit property taxes, personal income taxes and property taxes on the books. If property taxes continue to rise at this rate, it would take decades to pay off all of Chicago's current debt. The good news is that Chicago has one of the best-built city plans in the country.
The next few years will be very interesting in Chicago, because the city is going through a period of growth. Property values are up, home sales are up and condo sales are up. The crown jewel of Chicago's property market, the lakefront property, is experiencing record home sales and demand as the weather conditions become better suited for homeowners. The Chicago skyline is simply one of the best-designed cities in the United States.