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Chicago Real Estate PerspectiveAuthor: Dave Nimick
Real estate is a topic that is important to everyone, for many reasons. Each week, join Dave Nimick as he cuts through all the noise to deliver you the unfiltered truth about the Chicago residential real estate market. Whether youre a Chicago homeowner, a renter, actively in the market, or just enjoy keeping up to date with whats going on - If you want to know the difference between what's REALLY happening in Chicago real estate instead of all the fluff out there, this is the podcast for you. Language: en Genres: Business, Investing, Marketing Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Dave Nimick: June 2023: Interpreting the Market
Episode 46
Thursday, 15 June, 2023
In this episode, Dave discusses the current real estate market through May 2023. Key Takeaways:So far, the northside neighborhoods have had a better year than much of the city. As a whole, supply is down about 15%, but demand is down almost twice that across all of Chicago.Interest rates are driving both the low supply and the lower demand. Supply and demand for condos is not as hard luck as for single-family homes. "Affordability is driven by interest rates. And so if interest rates go down, then that is going to help sales, shorten market times, and sales-to-list ratios are all going to be better. All those things are going to be benefited by interest rates falling." — Dave Nimick Connect with Dave Nimick:Website: https://thenimickteam.com/Email: dave@thenimickteam.comLinkedIn: https://www.linkedin.com/in/davenimick/Facebook: https://www.facebook.com/thenimickteam Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty Show notes by Podcastologist: Chelsea Taylor-Sturkie Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.
