Chicago Real Estate
things to consider before buying or selling
Chicago’s holiday season is well underway now that we’ve passed the commercial post-Thanksgiving kickoff days: Black Friday, Cyber Monday, etc. If you are one who is debating whether or not to sell your home during the holidays, there are plenty of both pros and cons. One good reason is the relative lack of competition; another is the attitude of most house hunters in December: they tend to be an earnest crew.
As to whether this particular holiday season looks like a good one to sell your own Chicago home, last week offered what might be a relevant hint. Although it’s true that measuring consumer “moods” can be an iffy proposition, last week delivered at least one piece of hard evidence. Since Chicago home buyers are by definition the ultimate consumers, it was one element pointing to how this year-end market might be expected to fare.
On Tuesday, the Rasmussen Reports polling organization published one of its periodic consumer attitude polls—this one zeroing in on residential real estate. Among the findings in a report titled “Homeowner Optimism Still Among Record Highs”--
When you are nearing a commitment to sell your Chicago home, those kinds of supportive attitude indicators are definitely what you’d hope to hear. When the public shares the belief that house values are on the rise, that can be a persuasive factor supporting today’s rising selling prices.
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