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.
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
