Housing Forecast

On this week's episode of the Illinois REALTORS® Weekly Podcast, we welcome back University of Illinois-Chicago's Dr. Daniel McMillen to give his assessment of what lies ahead for the Illinois housing market in 2024. Hint: inventory plays an important role.

On this week's episode of the Illinois REALTORS® Weekly Podcast, join Dr. Daniel McMillen, head of the Stuart Handler Department of Real Estate (SHDRE) at the University of Illinois at Chicago College of Business Administration, for a look at Illinois' spring housing market and his thoughts about a rebound from the winter downturn. In today's podcast, he discusses factors that encourage him, and he compares the current market to the pre-COVID market. Tune in and learn more about his assessment of mortgage interest rate fluctuations, recent bank failures, low inventory, inflation and consumer confidence, among other things.

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On this week's episode, we're talking with Dr. Daniel McMillen, head of the Stuart Handler Department of Real Estate at the University of Illinois at Chicago College of Business Administration. Dr. McMillen and his team provide Illinois REALTORS® with monthly, quarterly and annual housing forecasts and he is here today to give us an early look at the 2022 forecast and tell us what we can expect in the housing market next year.