In this video, we’re looking at the trend of Chicago residents moving to the suburbs. We’ll explore the reasons behind this shift and what it means for both the city and the suburbs.
📣 Beyond the Hype: First, let’s cut through the sensationalism in real estate news. While there’s a trend towards suburban living, city homes are still appreciating in value. We’ll compare the recent market performance of key urban neighborhoods with their suburban counterparts, highlighting trends in home values and market times.
🌍 The Population Shift: Chicago saw significant population losses during the pandemic, ranking third in the nation for outmigration. In contrast, suburbs like Naperville and Yorkville have experienced growth. We’ll examine the factors driving this trend and the impact of new migration patterns on Chicago’s demographics.
🔍 What’s Driving the Shift? Three main factors are influencing this suburban migration: housing affordability, quality of life, and remote work. We’ll break down how these elements make suburban living more attractive for many when compared to the city.
🏠 Cost of Housing: Suburban homes offer more space and lower prices compared to city properties. We’ll compare average sale prices and lot sizes to illustrate why many are choosing to move away from the city.
🌟 Quality of Life: Suburbs often excel in public school ratings, safety, and cost of housing compared to Chicago. We’ll explore how these factors contribute to the appeal of suburban living.
💼 Remote Work: The rise of remote work has decreased the necessity of living close to the city. We’ll look at how the shift towards flexible work arrangements is influencing residential choices.
👀 Looking Ahead: As we look to the future, suburban areas are set to continue their growth. We’ll discuss the implications for both the suburbs and Chicago, touching on opportunities and challenges for both areas.
Eric Andersen, B.A., M.Div.
Owner/Designated Managing Broker, Andersen Realty Group
📲 Text/Call: 708.674.6725
📩 Email: eric@eandersenhomes.com
🌎 www.ericanders...
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I have a number of awards and designations, including:
⭐️ Gold, Diamond, & Platinum Sales Award (Mainstreet Organization of REALTORS®)
⭐️ 20 under 40 (Mainstreet Organization of REALTORS®)
⭐️ Endorsed Local Provider (RamseyTrusted)
⭐️ Best of Zillow
⭐️ Pricing Strategy Advisor (National Association of REALTORS®)
⭐️ Certified Staging Consultant (Mainstreet Organization of REALTORS®)
⭐️ Accredited Buyer’s Representative (ABR®)
11 сен 2024
