Hey, some of my peers may think I'm crazy for what I'm about to say, but are you fearful that we are in a housing bubble? Well, talk’s been going around and I personally think it's a myth, and I wanna share my opinion based on market data and my current experiences.

If you have a few minutes to read, I'm Mark Buckner with The Mark Buckner Group in Compass, since 2021 alone, we helped over 65 people find their place in life. We specialize in real estate running along the Blue Line. from the West Loop through West Town, Logan Square, and even Avondale in the urban market.

So as most people know, we are in an inventory shortage nationally, which is driving up values, right? So I wanna compare what we know nationally to the micro-market, with the areas that I'm specializing in.

So in the below video, I’m pulling data from the MLS, looking at listings from 2019 to the end of April 2022 and I think it’s really enlightening, to say the least. What it all amounts to is that I believe the rise in housing prices is driven by high demand and low supply, simple economic principles that don’t amount to a housing bubble.

What we’re seeing in the housing market is comparable to other industries right now all over the country. Everybody's complaining about gas prices, toilet paper prices, lumber, and metal.

So we’re going to talk about what the government is doing to slow the inflation, what they’re referencing to prevent a housing bubble, and what you as a buyer or a seller can expect in the next 12 months.

I hope you'll join me, then you'll give me a call to talk over how this market can benefit you.