EPISODE · Mar 14, 2023 · 46 MIN
Chicago Real Estate March 2023 - Topics for this episode include: Short Term Rental Investing, Mortgage Updates, Chicago Inventory Update, Achieving Work Life Balance and Finding A Home Remotely.
from Chicago Real Estate Insider with Amanda McMillan · host Amanda McMillan
Episode 6: The Chicago Real Estate Podcast I March 2023 Market Update The Spring Market is in full swing here in Chicago and everyone's here, except for the guest of honor... INVENTORY! Late to the party again, inventory continues to be the buzz word everyone's talking about in Chicago real estate. February numbers actually reported that inventory in the downtown, North and Northwest sides of Chicago are down -35% from February 2022. To put this in perspective, the 4,800 homes FOR SALE in February is actually HALF of what was listed for sale in 2021 (9,500 homes). This has translated directly to a continued uptick in multiple bids across the city with Spring Market buyers competing in earnest for well-priced properties in desirable locations. Homes are still selling, (and selling in under 30 days if priced effectively!), and buyers are seemingly adjusting to the "new normal" of mortgage rates. But that’s not all the news from the market. This month's episode was shot on location at one of the most unique and elegant listings we've marketed in a long time. 451 W. Aldine is an absolute unicorn, (super rare and unique), and you'll get a special walkthrough with Amanda and Samuel. Other topics discussed and questions submitted this month include: Pocket List - What, Why and How to Access Short Term Rental investing in Chicago Mortgage Pre-Qualifications vs. Pre-Approvals Work / Life Balance Finding a home remotely Realtor® Stories: Using the bathroom on showings! So sit back, grab your favorite beverage and listen in as we give you a fun and energetic look into the Chicago Real Estate Market. Chicago Home Partner is your resource for all things real estate in Chicago. We're focused on providing data-inspired advice and education for today’s Chicago home buyer, seller or investor. Make sure to subscribe for upcoming episodes. CONNECT WITH CHICAGO HOME PARTNER: Amanda McMillan Chicago Home Partner [email protected] 773.537.1300 Samuel Ciochon Chicago Home Partner [email protected] 312.513.5337 ABOUT CHICAGO HOME PARTNER Chicago Home Partner, a division of @properties real estate, was founded in 2002 by Amanda McMillan. Amanda and her small team of associates continually rank in the top 1% (top 50) of sales for Chicago, as well as the top agent team in the @properties Bucktown office. Amanda has been featured by Crain’s Chicago, Forbes Magazine and CNBC for her insight on the Chicago city market. Chicago Home Partner has been recognized for the last 20 years as a leader in Chicago real estate with hundreds of five star client reviews across Yelp!, Zillow, Google and LinkedIn. Our goal is to provided personalized advice to home buyers, sellers and investors founded on data - not headlines. Whether luxury services, first time buyers/sellers, or investors, our experience and guidance is unmatched. Connect with us for a free consultation to better understand your real estate goals and see if buying or selling in Chicago is the right decision for you. https://www.chicagohomepartner.com/
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Chicago Real Estate March 2023 - Topics for this episode include: Short Term Rental Investing, Mortgage Updates, Chicago Inventory Update, Achieving Work Life Balance and Finding A Home Remotely.
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