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Realty Rewind

by Chicago Agent

housing-starts-new-construction-single-family-multifamily-homebuilding-recovery-permits-completions

Housing starts were down this week.

Here’s what happened this week in real estate news:

November Housing Starts Disappoint
Housing starts came out on Tuesday, and while the numbers weren’t great – see the full report here.

No Wage Growth among Millennials
Wages for Millennials are down across the board – and until wages grow at the same rate of costs – think healthcare, student loans and even inflation – it will be mighty tricky for more people to enter the homeownership fray. See our graph here.

Onto Some Good News About Earning…
Lake County is home to the highest-earning agents! Analysts at HomeInsurance.com found that Lake County topped the list, and a three-way-tie of Chicago, Joliet and Naperville came in second; read the story to see what those salaries are.

What $200,000 Gets Buyers: North Side vs. South Side
Is your clients’ price range to buy about $200,000? If they prefer condos between 800 and 1,200 square feet, look in the North Side for them; if they prefer older single-family homes or 1,800-2,000-square-foot condos, have them look in the South Side. Those types of properties are typically what $200,000 will buy in both areas.

Here’s what else you missed this week:
2015 Housing Predictions From the Experts
20 Apps to Look For in 2015
Chicago Contemplating Changes to Affordable Housing Policies
Did Mortgage Lending Get Easier?
EXIT Strategy’s Lakeview Pantry Holiday Food Drive
The Women’s Council of Realtors Inaugural Gala 

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