Spring is here, and the North Shore market is moving fast. With limited inventory and high demand, understanding what’s happening right now can make all the difference if you’re buying or selling.
How Have Higher Interest Rates Impacted the Real Estate Market?
December 2023 Market Update: New Trier Township Real Estate
In Chicago’s North Shore housing market, we’re seeing some interesting data that comes as a direct result of increased federal interest rates. During the pandemic, interest rates were at a historic low. In the spring of 2022, the Federal Reserve began raising rates in an effort to ease inflation and slow down the market. Now, we’re clearly seeing the impact, and it may surprise you!
