A mixture of coronavirus and social unrest may be setting portions of Chicago’s real estate market back by a year or more. The recovering Chicago housing market is facing some strong challenges, yet its weaknesses may well be key strengths by 2020. 1) Home Prices Predictions New York Real Estate Forecast; Bay Area Housing Market; San Diego Housing Market; Philadelphia Housing Market; Atlanta Housing Market Stats & Forecast; Chicago Housing Market; Boston Real Estate Forecast; Miami Real Estate Forecast; Stock Market Forecast . Related: The Future of Real Estate Investing After the Pandemic. Chicago Real Estate Market 2020 Overview. But recently, a number of housing and economic experts have issued their real estate market forecasts for the US. Chicago Housing Market Update. The graph below charts the index by showing how the real estate market started out strong in early 2020, and then dropped dramatically at the beginning of March when the pandemic paused the economy. To understand why such a late decline is expected, you first have to consider how housing markets have been functioning during the crisis so far, and the protections that have kept … Median Home Value: $249,152 1-Year Appreciation Rate: +0.6% Median Home Value (1-Year Forecast):-2.3% Median Rent Price: $1,761 Price-To-Rent Ratio: 11.79 Chicago-Naperville-Arlington Heights Unemployment Rate: 17.6% (latest estimate by the Bureau Of Labor Statistics). November 13, ... Oklahoma, Miami, and Chicago. In this article, we break down these predictions for real estate investors to understand what to expect through the end of 2020 and into 2021. A forecast by Haus shows home prices dropping between 0.5 and 2.5 percent from October 2020 to July 2021. The Chicago market health rating was one of the lowest in the country (only Washington DC had a lower price performance outlook), yet that could be changing. It also shows the strength of the recovery since the beginning of May. 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