Realtors sold more homes than ever, while prices rose at rates not seen since the housing boom of the early 2000s.
“2021 really follows what started in 2020, where an enormous number of people traded houses because what they lived in didn’t work for their COVID-era lifestyle,” Says Dennis Rodkin, residential real estate reporter for Crain’s Chicago Business.
But there will, of course, always be the regular reasons for people to buy new homes and that is lifecycle changes, getting married, getting divorced, becoming an empty nester, those kinds of things.
“In the African American communities where you know resources have been drained, the level of wealth in those communities is not as great as in the white community,” said Newton.
“I think the level of crime that is occurring in the city of Chicago right now is really pushing families to move elsewhere,” said Newton.