2019 Buyers Inventory Luxury Properties 
Empire Appraisal Group
SEPTEMBER 14, 2023
Homes Worth at Least $1M By Kerry Smith While $1M signified luxury property a short while ago, it’s now 8% of the nation’s housing stock – but a large percentage of those homes are still in Pacific Coast states. As a result, inventory dropped so low that buyers still in the market are competing for those few homes that are for sale.
Housing Wire
FEBRUARY 8, 2024
Real estate professionals throughout the state attribute the resilience of the state’s housing market to its perpetually low inventory problem. Inventory is almost nonexistent,” said Melissa Kingsbury , a Redfin agent who works in the southwest suburbs of Chicago. “If As of Feb. Across the state, as of Feb.
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Chicagoland Appraisal Blog
APRIL 3, 2020
Which types of homes tend to be most attractive to buyers? Just as the housing stock in Chicago is incredibly diverse, so too is the pool of buyers. Last year was a tough market, and the only properties that were moving were the ones that were renovated,” she says. Westhoff notes that many buyers still prefer white cabinets.
Will Springer Realtor
MARCH 14, 2022
Most home buyers focus on the direction of interest rates. off their 2022 high of 3.92% (the highest level since May 2019). To purchase a home, many buyers withdraw funds from stock and cryptocurrency markets as well as retirement accounts. Marci Rossell, chief economist at Luxury Portfolio International (of which John L.
Will Springer Realtor
FEBRUARY 9, 2024
The figure is a 20% jump from 2019 and represents 43% of all city households, the sixth-highest total in the nation. SPOTTING TRENDS Builders are hearing from prospective buyers: Developers are being asked to create stylish and functional homes with little compromise on size and at lower prices. of resold properties. >>
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