Market Overview 2019

Atlanta, Georgia

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• Trends
• Employers
• News
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• Market Review

Metro population:

9.5 million

Median Home Income:

63,000 dollars

Unemployment rate:

5.40%

Median House Price:

128,000 dollars

Median monthly rent:

1,500 dollars

Located in northeastern Illinois on the southwestern shores of Lake Michigan, Chicago is the third most populous city in the United States and the fifth most populous city in North America. Although the city was called by many nicknames, it is best known as the city of spirits.

More to love about Chicago:

• Chicago has the third largest metropolitan GDP in the United States - about $737.3 billion according to Statista estimates for 2019. The city was also ranked as having the most balanced economy in the United States, due to its high level of diversity
• According to World Business Chicago, metro Chicago is also home to more than 400 major corporate headquarters, including 31 Fortune 500 headquarters and 300 corporate R&D facilities. Some of the best-known headquarters offices in Chicago are Walgreens, Boeing and Sears Holdings Corp. .
• R&D facilities. Some of the most well-known headquarters offices in Chicago are Walgreens, Boeing, and Sears Holdings Corp.
• Today, Ghost Town is recognized as the fourth most important business center in the world (according to MasterCard's World Trade Center Index).

Why invest here?

Real estate in Chicago was recently ranked as one of the most valued markets in the world. While over the years Chicago has lost a small portion of its population, the city's world-class skyline is packed with over 60 cranes over newly erected skyscrapers. There is definitely a construction boom going on there, creating an incredible amount of trade and has a positive effect on the real estate market. There has never been a better time to purchase real estate in the Windy City than now!

• Trends

Overview Housing market trends Trends in the population employment Conclusions Overview

Trends and Statistics in Chicago 2018-2019

With higher real estate prices and lower-than-average job and population growth, the Windy City may not seem like a “good” place to invest in real estate. However, this is one of the few cities in the state where housing prices have not yet risen above the 2006 level. When we focus on finding the highest capital growth and cash flow, you will find several neighborhoods in Chicago that offer homes for $ 108,000 - $ 130,000 with a rent of 1.17% of the purchase price too. a month.

All of this is good news for investors looking for market value assets, with tremendous monthly cash flow, and ready for constant appreciation. Discover the housing, population and employment market in Chicago at the following tabs for more information.

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Sources of information:

• https://www.zillow.com/chicago-naperville-elgin-metro-il_r394463/home-values/
• Real Affiliate Data of a Real Wealth Network
• https://factfinder.census.gov/
• https://www.deptofnumbers.com/employment/illinois/chicago/

Housing market trends

Chicago real estate prices are still paying off

• In January 2018 the median purchase price of detached houses with 3 bedrooms in the Chicago metro area was $ 196,000.
• That's 3% less than the $ 202,000 national average for 3-bedroom homes.
• In neighborhoods where RWN members invest, the median purchase price was only $ 128,000 in January 2018, which is 37% cheaper than the national average.
• This shows us that real estate in Chicago is still cheaper than in many other areas of the United States today. In neighborhoods where members of a real wealth chain invest even more lucrative property values.

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Rental income in Chicago is strong

• In January 2018 the average monthly rent for 3 bedrooms in Chicago was $ 1,542, which is 0.79% of the purchase price of $ 202,000. This is higher than the national purchase and rent ratio of 0.74%.
• In neighborhoods where RWN members invest in 3-bedroom homes, rent is priced at $ 1,479 per month, which is 1.17% of the median purchase price of $ 128,000.
• This shows us that Chicago offers investors a strong opportunity to generate cash flow relative to rent for purchase significantly higher than in many cities across the state today.

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Chicago offers stable capital growth potential

• In January 2012 the median price of 3-bedroom homes in Chicago was $ 149,000. This means that in the last six years (January 2012 to January 2018), homes with 3 bedrooms in Chicago have been valued at just under 24%. At that time the home values ​​of 3 bedrooms were estimated at 41% nationwide.
• This shows us that apartment prices in Chicago have risen more slowly than other cities in the US, but what is important is that they have risen. This is a good indicator that the Chicago real estate market is more stable than a rapid appreciation / decline in the markets.

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Chicago rents have risen steadily

• Over the past 6 years (January 2012 to January 2018), the median monthly rent for 3-bedroom homes in Chicago has risen by 12%. At that time, rents for 3-bedroom homes rose by 17% nationally.
• Although rents in Chicago have risen more slowly than other U.S. cities over the past six years, they have risen significantly. This is a good sign that Chicago is offering investors a good opportunity to earn more passive monthly income in the coming years.

Trends in the population

Chicago is not experiencing significant population growth

• Between 2010 and 2017, the Chicago population grew by 0.65%. During that period the national population grew by 5.29%.
• It shows us that Chicago's growth is declining - in fact, growth is declining across the state of Illinois. According to the U.S. Census Bureau, Illinois lost more residents than any other state in 2016, for the third year in a row. The country's population is now the lowest it has been in nearly a decade.
• The Chicago Tribune recently surveyed dozens of former Illinois residents who have left the area in the past five years. Everyone suggested their own list of reasons for this. At the top of the list were high taxes, state budget assault, crime, unemployment rate and weather.

employment

Job creation in Chicago is lower than in other American cities

• In the past year Chicago has added 31,400 new jobs to their economy - an annual growth rate of 0.67%. This is 61% below the annual growth rate in the US of 1.73%.
• According to Michael Locke, vice president of policy at the Illinois Tilt Policy Institute, neighboring states offer stronger employment and business opportunities than Illinois today. This is especially true for young working-age adults, who make up some of the largest groups leaving the country.

Conclusions

Chicago still pays off

• In Chicago neighborhoods where RWN members invest, the median purchase price was only $ 128,000 in January 2018, which is 37% cheaper than the national average.
• This shows us that real estate in Chicago is still cheaper than in many other areas of the United States today. In neighborhoods where members of a real wealth chain invest even more lucrative property values.

Chicago rents are strong

• In neighborhoods where RWN members invest, 3-bedroom homes rent at $ 1,479 a month, which is 1.17% of the median purchase price of $ 128,000. This is 64% higher than the national average.
• This shows us that neighborhoods in Chicago have a strong opportunity to generate cash flow relative to rent for purchase significantly higher compared to many cities across the state today.

Chicago offers potential for capital growth

• Over the past 6 years (January 2012 to January 2018) the median price of 3-bedroom homes in Chicago has been estimated at 24% (compared to 41% nationally) and rents have risen by 12% (compared to 17% nationally).
• This shows us that apartment prices in Chicago and rents have been estimated more slowly than in many other cities in the United States. However, they have risen, which is a good indicator that the Chicago real estate market is more stable than a rapid appreciation / decline in the markets.

Chicago is not growing like other cities in the US

• Between 2010 and 2017, the Chicago population grew by 0.65%. During that period the national population grew by 5.29%.
• In the past year Chicago has added 31,400 new jobs to their economy - an annual growth rate of 0.67%. This is 61% below the annual growth rate in the US of 1.73%.

• Large employers

• News

• " # 5 best city to buy rental property" - Internal businessman
• "Ranked as the 12th best city for first-time home buyers" - Internal businessman
• "What makes Chicago one of the best places to live" - CBS Chicago
• "High-tech city No. 10 in the world" - A fortune

• Learning resources

• Property teams

Best known for its annual balloon fiesta and as the setting for AMC's "Breaking Bad," Albuquerque, New Mexico, is a culturally rich and naturally beautiful metropolitan area. Albuquerque is also one of the largest cities in the Southwest, with a diverse population and some of the nation's leading high-tech research facilities, including Sandia National Laboratories, Intel, and the University of New Mexico. At the same time, its cultural traditions continue to be an essential part of daily life in the city. With one foot in the past, one foot in the present and both eyes on the future, Albuquerque is a fascinating place to visit and an even better place to call home. (Source: (https://www.visitalbuquerque.org/about-abq/history/)

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• Friendships

Lior Lustig

Lior Lustig CEO - Overseas Investors Forum

• [email protected]
• 072 - 257-7374
• (978) 600-8229

15 's consultation call for minutes

Lior Lustig is an experienced real estate investor active in the field in Israel and the USA since 2007. Lior has extensive experience in the purchase and management of single and multi-family properties.
Lior currently manages the Real Estate Investors Forum, which owns the brand and interest in the real estate field, the Facebook group and the "Real Estate Forum in the USA" website. Lior is versatile in a wide variety of investment markets in the United States and provides solutions to investors through the company.