Best housing market in falling real estate market: Chicagoland

National brokerage firm Redfin anticipates a sharp downturn in house sales throughout the majority of the nation in 2023, with first-quarter existing home sales likely falling by 31% year over year, followed by lesser drops in the second and third quarters.
 
The U.S. real estate market may experience its slowest growth in more than a decade due to high mortgage rates, but Wait anticipates that markets in "relatively affordable" Midwest and East Coast metro areas like Chicago, some regions of Connecticut, and upstate New York will "hold up relatively well". Suburban Lake County was recognized as the best-performing U.S. market in 2023, closely followed by Chicago in second place. The complete ranking of the ten U.S. home markets most likely to endure in 2023.
1. Lake County, Illinois
2. Chicago, Illinois
3. Milwaukee, Wisconsin
4. Albany, New York
5. Baltimore, Maryland
6. Elgin, Illinois
7. Rochester, New York
8. Pittsburgh, Pennsylvania
9. New Haven, Connecticut
10. Hartford, Connecticut
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