Real Estate Market in Chicago - Analysis
Real estate trends have been positive throughout the country. However, certain markets have not seen the same rapid growth rate and some have even seen declines. The general real estate market is always fluctuating. It is a market where more risk means more profit. The market has to go through both the business cycles that is the recession as well as boom. The residential real estate market largely depends upon a buyer demand. For commercial properties, tenant demand is one key driving factor. Tenancy rates direct the overall valuation of a commercial property. Hirsh Mohindra says that when investing in commercial or residential real estate try to truly understand the key drivers in that local market. Chicago’s real estate market is varied. Parts of the city and surrounding suburbs have seen strong upward trends, whereas others have faced headwinds. Chicago city center has enjoyed an increase of jobs, many of which are relocating from the suburbs....