Corcoran Urban Real Estate
 

Housing Market Strong, Experts Say

Housing Market Strong, Experts Say Two headlines this week indicated that housing is strong both nationally and at the local level.

Economists studying the market argued this week that it's strong enough to handle an increase in mortgage rates, which have been at historic lows for the last several years.

The report, from Reuters, surveyed 22 economists. You can read it all here.

And closer to home, local experts are saying that a proposed increase in Chicago property taxes will not have an appreciable effect on the local housing market.

The Tribune reports that while taxes are likely to go up, Chicago will still have the lowest effective tax rates in the metro area (with three exceptions).

Read the story here.