Listen as Dr. Daniel McMillen of the University of Illinois-Chicago, assesses what lies ahead for the Illinois housing market in 2024. McMillen is a professor of Real Estate and Associate Dean for Faculty Affairs at the College of Business Administration.
Housing inventory plays an important role, he says. So do inflation, interest rates and housing prices. He sees several reasons for optimism.
Listen to his message and download the 2024 Illinois Housing Market Forecast.
Watch today’s video as Dr. Dan McMillen recaps the Illinois REALTORS® May Housing Report and speculates about the months ahead.
Join Dr. Daniel McMillen, head of the Stuart Handler Department of Real Estate (SHDRE) at the University of Illinois at Chicago College of Business Administration, for a look at Illinois’ spring housing market and his thoughts about a rebound from the winter downturn. In today’s podcast, he discusses factors that encourage him, and he compares the current market to the pre-COVID market. Listen and learn more about his assessment of mortgage interest rate fluctuations, recent bank failures, low inventory, inflation and consumer confidence, among other things.
Listen as Dr. Daniel McMillen, head of the Stuart Handler Department of Real Estate at the University of Illinois-Chicago College of Business Administration, gives you a sense of what’s ahead for the state’s residential real estate market for the last three months of the year. Dr. McMillen and his team provide Illinois REALTORS® with monthly, quarterly and annual housing forecasts.
What effect will inflation, rising mortgage interest rates and supply have on Illinois’ housing market in 2022? Will today’s trends affect first-time home buyers and those who want to move out of starter homes the same way? What is the market for renters? Join the University of Illinois at Chicago’s Dr. Daniel McMillen for an analysis of the key issues in Illinois’ 2022 housing market.
In a new podcast, we talk to Dr. Daniel McMillen, head of the Stuart Handler Department of Real Estate at the University of Illinois at Chicago College of Business Administration, about his forecast for next year’s market.
Illinois REALTORS® sat down with University of Illinois economists to talk about what is happening in the housing market and what to expect through the end of the year.
Illinois REALTORS® President Ed Neaves talks with NAR Chief Economist Lawrence Yun about what REALTORS® can expect as the industry begins its transition out of the COVID-19 pandemic slowdown.
Illinois REALTORS® | www.IllinoisRealtors.org/ROI
Foreclosure inventory had steadily declined between 2012 and 2017, but in recent years has begun to climb again. What is causing the increase? And as the pandemic has prompted many Illinois homeowners to delay mortgage payments through forbearance, what will that mean for future foreclosure trends? Learn more in this quick 5-minute video.
Geoffrey J.D. Hewings, director emeritus of the Regional Economics Applications Laboratory (REAL) at the University of Illinois, talks about recent population trends in Illinois and whether the COVID-19 outbreak will have an impact on future migration. Get the update with this 4-minute video.
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