First-time buyers who stayed out of the market – either for demographic reasons or because they just couldn’t find the right Chicago North Shore home – will have a breakthrough year, according to various housing market experts. Predictions for 2015 are all about buyers (great news also for sellers) – especially young home buyers – having their 2015 Housing Outlook-NorthShore-Chicagobest shot in years at finding a home.

2015 predictions are based on housing data that shows rents continuing to skyrocket while the for-sale market levels off. That economic reality, increased inventory, and millennials getting married and having children after delaying those choices, are forecasted to give North Shore buyers and sellers more negotiating power. In fact, a recent study predicts the millennial generation will overtake Generation X as the biggest group of Chicago-North Shore home buyers in 2015.

In light of these trends, Zillow took a look at income data, home-value growth and the number of entry-level homes for-sale to rank the best markets for first-time home buyers in 2015. They are: Atlanta, GA; Las Vegas, NV; Chicago, IL; Hartford, CT; and Pittsburgh, PA. More information HERE.

Start 2015 off with trusted, top producing North Shore Chicago real estate guidance from Gloria and/or Zack Matlin. With over 25 years of steadfast expertise, Gloria Matlin has been helping her clients realize their real estate dreams with enthusiastic, sincere, confident, graceful, tenacious, attentive and personalized top tier service.

 

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