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Agents in Illinois grapple with the state’s housing inventory shortage

Housing Wire

Despite the population decline, Illinois’ housing market remains relatively strong. The state has an Altos Research Market Action Index score of 44, which is above the national score of 39. Altos considers anything above 30 to be indicative of a seller’s market. As of Feb. Across the state, as of Feb. Only 61.5%

Inventory 389
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2 of Every 25 U.S. Homes Worth at Least $1M

Empire Appraisal Group

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.

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What Are the Top Luxury Markets in North America Right Now?

McKissock

Amid the COVID-19 pandemic, luxury homebuyers’ priorities have shifted from seeking out new experiences and adventures toward finding homes in markets that offer safety, more space, and well-being. 4 stand-out luxury home markets in the U.S. 4 stand-out luxury home markets in the U.S. Colorado Springs.

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How to Sell Your House Fast in Chicago with Targeted Updates and Spot-on Pricing

Chicagoland Appraisal Blog

Last year was a tough market, and the only properties that were moving were the ones that were renovated,” she says. When the market is soft, buyers want the properties that are finished and ready to go.”. In today’s market, Westhoff sees two- and three-bedroom condos selling the fastest.

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WILL WAR IN UKRAINE IMPACT OUR HOUSING MARKET?

Will Springer Realtor

This is in no way an effort to downplay the unfolding tragedy or appear tone deaf, but it is a fair question: Will residents in our region face economic challenges so severe that it will affect the real estate market? off their 2022 high of 3.92% (the highest level since May 2019). The answer is “very likely, yes.”.

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TRACKING THE SINGLE HOUSEHOLD AND OTHER LIFESTYLE CHOICES

Will Springer Realtor

The figure is a 20% jump from 2019 and represents 43% of all city households, the sixth-highest total in the nation. BY THE NUMBERS >> Seattle jumped five notches between 2019 and 2022 among big U.S. of resold properties. >> Total inventory remains low, however, keeping prices higher on an annual basis.