Chicago metro tracking at +5% this year....too low?
Chicago BP'ers
Im doing some analysis for our upcoming sale of REO and Non-performing Notes in Chicago.
Case Shiller has the market at +5%. I think that's conservative......
I spoke to a handful of REO brokers and they tell me that REO inventory is running at 50% of average volumes. There are very few new foreclosures happening and brokers are getting multiple bids on most sales within a few days.
What do the local experts say? Should we expect better than 5% on average in these metros?