Market Trends

The price gap between average apartment rents and the cost of owning a home in the Chicago metro area is widening, providing landlords with leverage to push rents even higher.

Average of the top competitive rates from eXp Commercial's National Capital Markets Partner CommLoan from a database of 700+ commercial lenders as of 731/23

Average of the top competitive rates from eXp Commercial's National Capital Markets Partner CommLoan from a database of 700+ commercial lenders as of 7/24/23

A number of market participants agree that multifamily sales activity is on the upswing despite the current low transaction numbers.

Weak Macro Data Can Obscure Local Opportunities Don't overlook opportunities just because macro-level numbers suggest the market isn't performing well. Investors can and should closely evaluate the macro trends, considering population growth, job growth, household formation, income levels, and all the other major metrics. But investors also need to dig under the surface.

For generations, Americans have thought of homeownership as a hallmark of success. But there are reasons not to buy a home, even for those who can afford to do so.