Your latest Chicago Neighborhood Report
In January, the unemployment rate rose 4%, the highest jump in seven months. In the long run, this may not be of much significance, as other economic factors are showing continued growth in the job force, including 100 straight months of employment gains. The construction sector had its best month of employment since last February. With the Fed apparently holding off on further rate increases, 2019 is beginning favorably for local residential real estate.
The cold Weather in February has stalled some buying and selling actions. Even so, economic fundamentals remain positive for a robust housing market.
Let's look at how the market performed in the different Chicago neighborhoods.