ELGIN, IL—How will the Chicago-area housing market behave in 2018? An informal survey of some leading RE/MAX brokers suggests it won't experience radical change, and should be buoyed by an economy enjoying solid rates of growth and job creation. Although local conditions vary, brokers from the Elgin, IL-based company identified several trends likely to have a broad impact on the 2018 residential market in the Chicago area.
First, many say the market won't slow down as much as it normally does in December and January unless exceptionally cold weather discourages buyers.
“I anticipate a steady stream of activity this winter, helped by low interest rates, and a good number of buyers concerned about higher prices next spring,” says Kim Keefe of RE/MAX Plaza in Woodstock. “Plus, we are seeing more job-related moves thanks to increased hiring.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
