Here’s what you need to know about the future of home prices in Chicago.
Worried about where home prices will go in 2023? Don’t fret; I’ve got you covered. Today I’ll be looking at some trusted experts’ predictions for home prices next year and explaining what they mean for both buyers and sellers.
You can watch my full explanation in the video above or skip to each topic using the timestamps provided:
0:00 — The price forecast for 2023
1:03 — Zillow’s forecast for MSAs in 2023
2:20 — Forecasts for 2024, 2025, and 2026
3:02 — The difference between this market and 2008’s
5:03 — Equity provides a cushion for rough economic conditions
5:30 — Local data for Chicago
6:40 — The only people who should be worried are renters
7:00 — Wrapping up today’s topic
If you have questions about this or anything else, please call or email me. I am always willing to help.
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