Chicago Multifamily Property Blog

Americans have a volatile economy to blame for surging housing prices. Inflation and interest rate hikes have increased the costs of everything from construction to mortgage lending. It has made it harder for builders to construct more low-cost homes and as a result, buyers’ ability to afford home purchases. This has led to increased rental demand and ultimately higher rents across the nation

Pandemic-era shortages have limited the pace of new home building. In the past, downturns in housing have been accompanied by economy-wide recessions, leading to a flood of existing home inventory. Recession leads to unemployment, and cash-strapped homeowners are forced to sell.

The overall health of this sector is very strong, with higher occupancy rates and lower rent volatility than other real asset classes

Rents in Naperville continue to increase, though at a slower rate compared to neighboring communities, according to the most recent data from a rental tracker. But the city still has some of the highest rents in the area.

Saving and investing are two very different financial strategies. Once you understand the difference between saving and investing, you may do a better job of managing your money.

Here are five predictions that I believe will gain momentum and revolutionize the work and leisure lifestyles for residents as well as optimize investments for owners and operators.