For the last year, the housing market in most big cities has been in overdrive. The pandemic forced us inside our homes; they became our offices, our schools and the center of our social lives. That led families to seek more space, and low interest rates had longtime renters making the switch to homeowner.s One area of the city and surrounding area that is seeing homeowner growth? Black middle class families on Chicago’s South Side and south suburbs. Crain’s Chicago Business real estate reporter Dennis Rodkin explains what combination of factors is allowing these families to buy, and why that’s important for primarily Black areas.
Guest:
Dennis Rodkin, Real Estate Reporter, Crain's Chicago Business,
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