Comment on Chicago’s summer real estate market was plagued by inventory, affordability challenges, with lower mortgage rates offering relie

Chicago’s summer real estate market was plagued by inventory, affordability challenges, with lower mortgage rates offering relie

Justin Gwizdala, 33, recently purchased his third home. He and his wife had been waiting for mortgage rates to come down and for the right house to come on the market so that they could move closer to family and friends in the northeast suburb Lake Forest. The last time the father of three bought a home — in 2021 — he snagged a 3% mortgage rate for a five-bedroom home in Hawthorn Woods.

 

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