2019 Market Outlook-Chicago North Shore Real Estate

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2019 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 find less competition as more buyers are priced out, but feel an increased sense of urgency to close before it gets even more expensive. Their largest struggle next year will be reconciling wants, needs, and budget versus the heavy competition of 2018. Although the number of homes for sale is increasing, which is an improvement for buyers, the majority of new inventory is focused in the mid-to-higher-end price tier, not entry-level. Rising mortgage rates and prices will keep a lot of new inventory out of their budget and make it especially tough for first time home buyers.

2019 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 2019.

In light of these trends, Realtor.com 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 2019. More information HERE.

Start 2019 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.

 

Real Estate Outcomes January2015: Chicago’s North Shore

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Real estate on Chicago’s North Shore and across the country is all about location, location, location…with that in

Monthly Market Update (Click to Play)

Monthly Market Update (Click to Play)

mind, provided in the attached image are the facts and information you need for Glencoe and/or any location you choose!  Review local market conditions, sales, trends, and more through the detailed yet efficient and easy to understand videos.

 

 

 

Feb. 2015-For additional top ranking, top producing, highly experienced guidance; feel free to contact Gloria Matlin or Zack Matlin with the Coldwell Banker Residential Real Estate office of Glencoe, Illinois-640 Vernon Avenue, 60022.

Matlin-2014Results

2015 and Kitchen Design: Three Trends That You Need to Be Aware of Before You Renovate

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For Gloria Matlin 2015 means… a continuation of exemplary, high ranking Chicago North Shore real estate service spanning well over 2 decades, a trusted, top producing resource within the North Shore communities, client centered accolades earned in 2014, 2013, 2012, 2011, 2010 and beyond, a savvy, dedicated real estate professional who stays ahead of the market, as well as helping to make North Shore real estate dreams a reality; just a few factual phrases and successes secured by Gloria Matlin, the consummate North Shore real estate expert.