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Chicago Housing Market Outlook in 2020

Chicago has a diverse economy that makes it one of the wealthiest cities in the world. If you are interested in buying a home in Chicago, start by preparing your credit score. Shoot for a score as high as possible.

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Chicago Housing Market Outlook in 2020

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  1. Chicago Housing Market Outlook in 2020

  2. Chicago has a diverse economy that makes it one of the wealthiest cities in the world. If you’re thinking of buying a home in Chicago, here are the things you should know.

  3. ● Chicago Housing Market Outlook 2020 - It has been reported that 14.5% of Chicago’s listings had a price cut at the beginning of 2020. You can expect homes placed on the Chicago market to only last about 3 months before they sell.

  4. Chicago Housing Market Predictions for the Rest of 2020 ● - Last quarter, Chicago saw an appreciation rate of 1.29%. When considering home prices and purchase timing, forecasts are assuming a 3.2% rise by the end of the next twelve months.

  5. What Credit Score Do You Need to Buy a Home in Chicago? ● - The minimum credit score you need to purchase a house is around 620. Some lenders are willing to work with lower credit down as far as 580.

  6. Common Mortgage Types ● - Conventional Mortgage - FHA Loans - VA Loans - USDA Loans - Illinois Housing Development Authority

  7. If you are interested in buying a home in Chicago, start by preparing your credit score. Shoot for a score as high as possible. With its diverse economy and affordable homes, Chicago is an excellent place to live and invest. Presented By: The Phenix Group https://thephenixgroup.com/

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