When the 2-year Treasury yield moves above the 10-year yield, it’s historically been viewed as a warning sign of a potential recession. We’re getting dangerously close.
But what does that mean for Chicago real estate? So far, our market continues to hold strong. Despite higher interest rates and closed sales volumes dipping to levels we haven’t seen since 2012, limited inventory continues to support home values.
Market times remain relatively short, and pricing remains steady. While no one can predict exactly what lies ahead, one thing is clear: our ongoing inventory shortage is likely to continue supporting home prices for the foreseeable future.
The bottom line? Economic uncertainty may be growing, but Chicago real estate is showing resilience. We are not seeing signs of a real estate recession on the horizon.
