In the first five months of 2021, home sales grew by more in the city than in the larger metropolitan area, according to Crain’s analysis of data released this morning by Illinois Realtors, a statewide business group. Another sign of the Chicago market's strength is in data released today by the National Association of Realtors. Nationwide, home sales were down 0.9 percent in May from April, the fourth consecutive month of declines in nationwide sales. By contrast, Chicago metro-area sales were up 3.7 percent in May from April. In the city, sales were up 0.4 percent from April.
I’m not going to listen to the podcast but for every buyer there is a seller. The residents fleeing the city, in my experience, tend to be renters. Not uniform, of course, but certainly happening. The other big story not talked about here is suburbanites avoiding the city. I routintely ask my friends, neighbors and family if they’ve been to Chicago in the last year and all of them tell me no, and none of them have any intention of going to Chicago, and quite a few of them cite the violence and crime as the primary reason. There’s a… Read more »
And, just because there is a buyer, that doesn’t mean someone is living there. Blackrock may have bought it and it sits empty. People are avoiding Illinois like the plague
The Paraclete
4 years ago
Yea OK Lori, I see you peeking from behind the dumpster!
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
I’m not going to listen to the podcast but for every buyer there is a seller. The residents fleeing the city, in my experience, tend to be renters. Not uniform, of course, but certainly happening. The other big story not talked about here is suburbanites avoiding the city. I routintely ask my friends, neighbors and family if they’ve been to Chicago in the last year and all of them tell me no, and none of them have any intention of going to Chicago, and quite a few of them cite the violence and crime as the primary reason. There’s a… Read more »
And, just because there is a buyer, that doesn’t mean someone is living there. Blackrock may have bought it and it sits empty. People are avoiding Illinois like the plague
Yea OK Lori, I see you peeking from behind the dumpster!