Posts from November 20th, 2020
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The Potential Effects of a COVID Vaccine on the Real Estate Market
With COVID-19 still upon us, the real estate market, like nearly any other market, is continuing to feel the effects. This is especially true in such a large real estate market like Chicago and its surrounding suburbs.
Right now, the real estate market is low in inventory and national home price averages are higher than ever. Homes are flying off of the market and our real estate agents in Rockford, IL have been busier than ever. On the other hand, high-rise buildings in cities like Chicago and New York are seeing vacancy rates like never before due to people flocking to cheaper areas.
The Demand in the Suburbs Will Stay High
Buyers know that the future of their workplace likely reflects a hybrid model - both working from home and going into the office will be commonplace as the world recovers from the virus. Having a space of your own to call home is more imp...
