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Chicago realtors say the local housing market is still strong despite the uptick in interest rates

Por: Chicago Tribune Business September 24, 2022

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Home sales across the nation slowed in recent months as interest rates started to creep up, but Chicago real estate agents say the local market is still hot enough that buyers need to move fast. In 2020 and 2021, record-low interest rates for 30-year mortgages, combined with soaring demand as Americans looked for more space during the pandemic, resulted in rapid growth nationwide in home prices and home-buying activity. But interest rates have... + full article



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