Chicago’s suburban home market has gotten a lot of attention lately as people have sought more space inside and out. So, in the latest installment of @ The Market, @properties managing brokers Tricia Riberto and Jim Barcelona go on location in Naperville to discuss where the market is headed this fall.
Working from home became an inevitable reality for many Americans over the last year. It has ultimately changed the meaning of home, and affected what we need or desire from our living spaces. As a result, many people have relocated both locally and nationally in search of a place that suits their new needs, and even more are planning to make a move this year.
The second-home markets in Michigan, Indiana, and Wisconsin have gotten a lot of attention this year as people have sought a refuge outside of the city. But there’s a region off the lakefront that’s also generating buzz among both vacation-home and primary-home buyers. We’re talking about Northwest Indiana. Small towns just over the Illinois border are seeing an increase in transaction activity and a subsequent run-up in prices as well.
At the beginning of the year, @properties co-founders Mike Golden and Thad Wong predicted the 2020s would be the decade of the millennial homebuyer. Well, the decade started fast and furious. In August, the Wall Street Journal reported that millennials now account for over half of all new home loans.
@ The Market returned with an in-person (and socially distanced) format last month, as @properties’ Co-founders Mike Golden and Thad Wong joined EVP of Corporate Communications Peter Olesker on the roof of Superior House, a brand new luxury condo building in River North.
Golden and Wong revisited a number of storylines from earlier in the year, while also offering their insights on a few emerging trends.
With a renewed focus on the value of home and a desire for more space, buyers are eyeing this summer’s real estate market with great interest. But, amid the changes brought on by COVID-19, many homebuyers also have questions about how to move forward – from getting a mortgage approval to safe showing procedures and from making an offer to navigating the attorney review and closing processes. So in this special edition of @ The Market, recorded in mid-May, @properties co-founders Mike Golden and Thad Wong are joined by a range of industry experts to shed light on the homebuying process today.
Our quarterly @ The Market webcast series typically takes place on location in the Chicago area. That, of course, changed early this month in light of the stay-at-home order that’s in effect in Illinois and most of the country. So co-founders Thad Wong and Mike Golden did what most of us are doing these days and jumped on video conference call.
In this episode, Mike and Thad weighed in with their insights on what’s happening in the housing market amid the COVID-19 pandemic and shared their advice for consumers, who, understandably, have a lot of questions.
Some might say millennials are fashionably late to the homeownership party, but they are about to arrive in a big way if you ask @properties co-founders Thad Wong and Mike Golden. In the latest installment of @properties’ @ the market webcast, the two agree that the next 10 years in real estate will be largely shaped by the generation’s shift to homeownership.