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

Housing Wire

Census Bureau , the state lost 32,826 residents from July 2022 to July 2023. Real estate professionals throughout the state attribute the resilience of the state’s housing market to its perpetually low inventory problem. Like the Chicago suburbs, Peoria’s desirability has put a strain on the city’s already tight housing inventory. “We

Inventory 395
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While the Austin housing market isn’t sizzling, agents say it is still warm

Housing Wire

What ensued next was a rapid cooldown, which saw the median list price fall by more than $100,000 by mid-February 2023 to $533,000. Looking at the number, 2023 was the lowest year in the past 28 years for sales, so it was a bit of an oddity compared to what we’d seen in the second half of 2020, all of 2021 and the first half of 2022.”

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TRACKING THE SINGLE HOUSEHOLD AND OTHER LIFESTYLE CHOICES

Will Springer Realtor

Here are a few trends, according to John Burns Research and Consulting, that started in 2023 and will continue this year: Designers are starting to remove entire parts of the home, like the formal dining room, basement and garage to free up more space for the bedroom, kitchen or study. of resold properties. >>