Baird & Warner President & CEO, Steve Baird, recently shared his thoughts on the state of the Chicago Metro Area real estate market. In the current issue of Chicago Agent Magazine, Steve shares, “After a long wait, it appears the market has generally stabilized and we have even begun to see some improvement, albeit modest. We are not out of the woods, but things look much better than they did six months or a year ago.”
According to Steve, “…it appears we are at or near the bottom of the decrease in home prices already.” However, don’t look for a rise in prices anytime soon. Steve thinks it will take a couple of years for the current inventory to work its way through the market. Foreclosures will continue to put pressure on prices.
For the full article read, “State of the Market” on ChicagoAgentMagazine.com.
Similar Posts:
- Baird & Warner CEO on Consumers and the Market
- Baird & Warner to match Realtor and employee donations for Haiti
- Lincoln Park 3 bedroom condos for sale vs. sold median prices
- 2 Bedroom 2 Bath Condo Prices Drop 6.6% in Rogers Park
- Evanston Median House Prices Flat to Higher in 2 out of 3 Zip Codes
