May
07

Chicago Tagged on List of Rising Real Estate Stars

May 07, 2014

Chicago real estate for investorsChicago was just listed along with Miami and Dublin as one of the top places to buy now before the market picks up steam and luxury homes in these great locations see big price jumps. Analysts from Candy & Candy, Savills and Deutsche Asset & Wealth identified 12 cities across the globe, including developed and developing cities, where residential property price growth could outstrip those seen in prime world cities over the next few years.

This report, which was shared on CNBC.com, is primarily aimed at seeing where high-powered buyers will be headed in the future. The report is also designed to help investors determine the benefits that could be gained by investing in cities that don’t currently yield high inflows from wealthy individuals. This marks Chicago as a rising second-tier city with the potential to show strong residential property price growth, meaning that investors who seek alternative locations for their real estate purchases have the opportunity to see more rewards as the population of high net worth residents is smaller.

So what does this mean to the everyman or the common home buyer looking to buy a new home in Chicago? There may be more potential focus on Chicago for movers and shakers, but it’s just that right now: potential. There’s a chance that money may move into the city if investors feel that the big fish are headed this way. Of course, that cash influx could boost the overall investment market, but it’s a “maybe” kind-of-thing. If you’re looking to buy your next home in Chicago, now is still a fabulous time to buy and you might get some extra appreciation. If you’re looking to purchase a luxury home, though, you might want to put some consideration into the current options that are out there, such as Michael Jordan’s Highland Park mansion.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

Leave a Comment

Copyright © 2008-2017 mRELEVANCE, LLC | Chicago Real Estate News | Chicagoland Real Estate Forum. All rights reserved. Thank you for visiting Chicago Real Estate News Chicagoland Real Estate Forum, Real Estate Listings and Information Provided by MLC Realty, Inc.
Internet Marketing by Marketing RELEVANCE

Equal Housing Opportunity

1819 W Grand Ave | Chicago, IL 60622