It is a market in which there are more properties on the market than there are ready and wiling and approved and capable buyers, and since there are so many properties on the market the buyers
can cherry pick, so some buildings therefore do worse than others..... it is complicated to understand why, but there are different reasons important to different buyers......
Assuming that you are a property owner in the building, and wonder about your property value....
Most homeowners home values have lost value over the last few years and until the economy and
unemployment situations change drastically it may not change much.
Feel free to contact me or get to me via my website below.
EdithDoesItRight@yahoo.com or EdithSellsHomes@gmail.com
@Properties Northshore - offices in Chicago, Evanston, Winnetka, Highland Park and Lake Forest
30 Green Bay Road Winnetka Il. 60093
or sign up for home searches on my website http://tinyurl.com/MeetEdithHere
Have a most wonderful Day :)... more
The rental market is super hot right now. I can't get clients in to see units quickly enough. They are often rented before I have the chance to show. So yes, an increase in rent is justifiable in this market. That said a good tenant may be worth more than a rent increase. If you raise the rent and they move, that lost rent is more than you make on the increase.... more