"What's What?" Economic Outlook 2020

Dated: 01/13/2020

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Economic outlooks can be scary to think about when you are looking to buy or sell and even if you are a homeowner or an investor.  I just attended my local boards Economic Outlook Breakfast so not only can I learn what the experts are projecting for myself, but to also see if I can help my clients such as yourself in either reassuring your decisions or help you in making the right decisions to protect your investments.  There were two guest speakers, one from a Commercial Platform called "Costar/Loopnet" and one from the Federal Reserve.  Both were experts in their respective fields that came with valuable data to reinforce and support their 2020 Economic Trends.  Here I will just tell you the broad strokes which are one regarding the Residential Market in the Chicagoland area will be steady to slight increase in market sales of which the trend is for the millennial buyers currenlty ages 24-35 are looking to purchase affordable housing in above average school ratings with local destinations for entertainment and restaurants while being near transportation. Therefore the data is projecting for 2020 that WILL COUNTY to be the "Hot Market".  ATTENTION INVESTORS... Multi-Unit investors looking for long term ROI, WILL COUNTY.  On to the COMMERCIAL 2020 Outlook, trends are RETAIL MARKET is DOWN but LEASING is on the RISE.  Okay, there you have it on "What's What?" for the 2020 Economic Outlook.  Thank you for reading and as alwasy, contact me for all of your REAL ESTATE NEEDS :-)

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Jeremy Vitell

Business Philosophy

Jeremy's goal, as a full service Realtor, is to provide clients with the comfort and knowledge that he will be there throughout the buying or sellin....

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