Top Down, That's The Problem In The Residential Real Estate Market!

The residential real estate market is Top Down, not Bottom up! This is the real problem that is slowing down home sales in Chicago and throughout the US.

Typically it's the confidence of the first time home buyer making the biggest decision in their life, to jump in. These first time buyers are the catalyst that start the ball rolling, and the move-up cycle drives the real estate activity to the top tier luxury market.

Guess what? This is just not happening. First time home buyers, that normally would be buying, are sitting this one out and feel more comfortable renting. This group of people are scared of the economy. and have taken it on the chin for the past few years. They want to buy badly, however they are not willing to take money out of savings accounts or 401k's for a downpayment on a home,

Where's The Activity? Most the real estate activity in Chicago & the Suburbs is in the luxury price range and the market is flush with real estate investors taking advantage of the ROI of rental properties. Jumbo & Investor money is historically cheap, so making both these types of purchases make a lot of sense.

Buying? Selling? Investing? Think G3C1 & Company

Call Us Today 847-457-1339

Michael P. Zakin, Principal / Managing Broker