Welcome to "How's The Market?"
This month in the news: Natural disasters, changing demographics and income levels, fluctuations in the financial markets, all affect residential real estate markets. Home prices in Seattle and San Francisco have skyrocketed due to the growth of e-commerce and the explosion of technology, while markets are suffering in areas hit by hurricanes and other natural disasters.
This month, we are reminded by hurricane Florence, of the impact that such events can have on local markets. But from Katrina to Sandy to Harvey to Maria, experience shows that housing markets were bent but not broken.
Here is a snapshot of Chicago neighborhood statistics for the month of August.
According to statistics by the Chicago…