While many are lamenting the economy and the real estate market throughout the country, I have a different spin: I think it is a great time to buy! Yes, I know it is not popular to say things will get better, but there it is. In Chicago, we have an absorption rate of approximately 6 months and buyers are enjoying declining prices. The hand wringers and chicken Little’s will decry everything associated with real estate, but when the bottom comes and the market rebounds, it will do so at a more sensible trajectory rate and those that have kept credit scores strong and savings high, will enjoy a healthy profit on properties purchased at a more reasonable price.
I had the opportnuity to show a very interesting property to a client this week. It is a former bank turned casket liner company turned real estate company turned mortgage company. Check out the photos!
Lincoln Park, Chicago
