What in the world is going on here in the Midwest? We are experiencing steadily rising prices and multiple offers on EVERYTHING: big, little, pretty, not so nice, with a view of the lake, with a view of the brick wall…EVERYTHING! It must be magic.
OR it’s the affordability, the stable and diverse robust economy, the high quality of life, four Seasons, lots of fresh water.
It definitely is that we have low supply and high demand. In the USA the Midwest new construction percentage is 3.5% while the national average is 6%. It definitely is the availability of JOBS! 8 out of the top 10 jobs markets are in the Midwest! Also 85% of our Midwest metro areas have an unemployment rate below the national average. The Midwest simply does not expand or contract as shockingly as it does in so many of the well known and often cited Real Estate Markets.
It’s magical here in the Midwest.
