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September 2020

Found 1 blog entry for September 2020.

Covid-19 has made the economy unpredictable. We saw record numbers in almost every category related to real estate and job loss. The pandemic has created insurmountable unpredictability in families’ financial security. 

We saw a record drop in home purchases during the peak months. However, as of recent, Trade Group Illinois Realtors released data that shows home sales and home prices surged last month in August. This can be attributed to record low interest rates on mortgage loans and families looking to increase space in their homes due to at-home schooling and at-home work. 

Approximately 13,360 homes were sold in August, an approximate 20 % increase from August 2019. This data comes from the 9 counties that make up the metropolitan area. In

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