Quote:
Originally Posted by moorhosj1
Crain's has an article with data about home values in the city vs suburbs. Prices have been lower than 1-year-ago for the past six months. Of course, they waited until after hitting on crime and remote work to say this:
Not great news, I wonder if people are actually switching to rentals because of high interest rates, makes sense when we have record low inventory for sale.
They really can't help themselves.
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Lol funny timing on the Crains article in relation to my post and maybe a good counterpoint / something I could have missed. I guess my main point was more around: "If the rental market is super hot and buy prices are not imploding vs. other cities (which I don't think this suggests they are and some here also seem to be a bit skeptical of the data)
or the total supply of housing is somehow dropping, it does seem to go in the face of the the narrative that "Chicago is emptying out"
I will happily say I got a win
around the prediction of "Chicago being on pace to pass Dallas" in return to office for the full week:
Kastle Systems Week of June 5th
Total Weekly Headcount vs Pre-Pandemic:
1. Houston: 61.6%
2. Austin: 58.6%
3. Chicago: 54.3%
4. Dallas: 54.1%
5. NY: 50.5%
Average: 50.3%
6. LA: 50.1%
7. DC: 47.8%
8. San Fran: 44.7%
9. Phili: 42.4%
10. San Jose: 38.9%
Peak Day Occupancy:
1. Houston: 70.5%
2. Austin: 68.9%
3. Chicago: 68.6%
Big gap
4. NYC: 63.7%
5. Dallas: 61.3%
Average 59.6%
6. DC: 57.4%
7. LA: 56.5%
8. SF: 54.7%
9. Phili: 49.2%
10. San Jose: 46.6%
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