Chicago Trends - Looking for BP Members Insights

[Ryan Bird]

Why are the home prices in Chicano stagnant or coming down? I’m looking at northwest suburbs specifically and either prices are the same or have come down since 2015. Not a generalized trend - but I was looking at areas like schaumburg, hoffman estates, palatine, lake zurich, mount prospects, prospect heights, arlington heights, wheeling  etc . Trying to see if buying single family/townhomes now and renting them is worth it (profits after mortgage and tax) in these areas or if I should wait/look at other markets. Do you see any property appreciation in the coming years in Chicago? If not, what the main blocker (tax?) is? There are lots of tech opportunities booming in Chicago at least in my domain and I’m surprised it’s not reflecting on housing markets appreciating compared to what I'm seeing at other major cities. Thoughts?