This cycle is one that has been going on for years since the booming COVID-19 pandemic real estate market came to a halt.
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 While home sales for the year were up marginally compared to this time last year, affordability challenges are not easing
for buyers in the Chicago area. The lack of inventory continues to create a highly competitive market, keeping prices elevated as buyers’ purchase power is already more limited due to higher mortgage rates. | | | |
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