There is great demand for homes in the Chicago region priced under $500,000, like this one in Shorewood, IL,
CHICAGO—As reported in GlobeSt.com, the region's housing market has settled into two very different patterns. The sales of modestly-priced homes slowed down considerably this summer, while higher-income buyers are purchasing more luxury homes.
Bryan Kasprisin, a RE/MAX real estate professional with RE/MAX Ultimate Professionals in suburban Shorewood, tells GlobeSt.com that there is a severe shortage of the more affordable homes. “Inventory is definitely down, and what comes up for sale sells very quickly.”
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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.
