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Six Reasons Housing Inventory Keeps Declining

Six Reasons Housing Inventory Keeps Declining | Chicago apartments | Scoop.it
Home sales in December dropped by 1% from November, the National Association of Realtors reported on Tuesday, but still stood nearly 13% above the levels of one year ago.
Elizabeth Nazarian's insight:

Looking for a home and can't find one you like? Or when you finally find one, are you faced with competing offers?  You're not alone: housing inventory is in short supply in Chicago and elsewhere.  Here are 6 reasons why.

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2012 Chicago Real Estate Review and 2013 Predictions Amanda ...

Amanda McMillan of Chicago Home Partner Realtors in Chicago, IL shares her insight on the 2012 real estate market and predictions of the market in 2013.
Elizabeth Nazarian's insight:

Some great takeaways in this article about the Chicago real estate market, e.g., higher prices are a result of buyers buying bigger homes in more desirable neighborhoods rather than values rising.

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Neighborhoods that are heating up the 2013 housing market

Neighborhoods that are heating up the 2013 housing market | Chicago apartments | Scoop.it
Once word gets out that a neighborhood is trendy, prices shoot up as the available inventory falls through the floor. (Get in NOW!
Elizabeth Nazarian's insight:

Chicago's Logan Square neighborhood is one of the hottest in the country: prices are up 20%, inventory is down 10%.  What are your favorite things about Logan Square?

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Are Chicago Sellers Just Tired of Losing? - Deal Estate - January 2013 - Chicago

Are Chicago Sellers Just Tired of Losing? - Deal Estate - January 2013 - Chicago | Chicago apartments | Scoop.it
The year-end real-estate data has been rolling in for the past week or so, and much of it is encouraging. But there’s something that bugs me—and, I believe, a lot of sellers or potential sellers...
Elizabeth Nazarian's insight:

The good news: sales in Chicago are up; the not so good news: sales are driven by low prices, as sellers increasing willing to sell at a loss

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