Despite Inventory Issues, The Real Estate Industry in Illinois Remains Robust
Despite Inventory Issues, The Real Estate Industry in Illinois Remains Robust Heading link
Despite rising mortgage rates and low inventories, the Illinois real estate market continued its momentum in May. Advantage News quotes, Daniel McMillen, head of the Stuart Handler Department of Real Estate regarding these issues.
“Prices increased again while the number of sales remains low throughout Illinois,” said Dr. Daniel McMillen, head of the Stuart Handler Department of Real Estate at the University of Illinois at Chicago College of Business Administration. “The SHDRE forecast now indicates an increase in the number of sales over the next three months.”
Modified on July 06, 2022