With fluctuating mortgage rates, rising home prices, and constant chatter in the media, it’s no surprise that some buyers and sellers are wondering if we’re headed for a housing market crash. But here’s the truth: the data doesn’t support those fears—especially not here in Hawthorn Woods, Lake Zurich, Long Grove, and surrounding Chicago suburbs.
At Helen Oliveri Real Estate, we keep a close pulse on both national trends and our hyperlocal market. What we’re seeing is not a repeat of 2008—in fact, today’s housing environment is fundamentally different.
✅ Inventory is Still Tight
Unlike the overbuilding seen before the last crash, today’s market is significantly underbuilt. Builders haven’t kept up with population growth, especially in desirable areas like the North and Northwest suburbs. This ongoing inventory shortage continues to drive demand.
✅ Homeowners Have Strong Equity
Thanks to years of rising prices and responsible lending, most homeowners have record levels of equity. Plus, many are locked into historically low interest rates, which reduces the likelihood of widespread defaults or foreclosures.
✅ The Market is Stabilizing, Not Crashing
While prices are no longer skyrocketing at the pace we saw in 2021–2022, they are still appreciating—just more moderately. And here in Lake County, we’re still seeing strong buyer demand, especially for homes that are priced correctly and move-in ready.
✅ Local Data Matters Most
Media headlines can be misleading. Real estate is hyperlocal. Here in Hawthorn Woods and neighboring communities, homes are still selling. Our listings continue to go under contract—often with multiple offers and quick closings.
💡 The Bottom Line
If you’re waiting for a crash to buy a home, you may be waiting a long time—and missing out on opportunities. Whether you’re buying or selling, having a trusted local expert to interpret real-time market data is critical.
📲 Thinking about making a move in Hawthorn Woods or the surrounding areas?
Let’s talk! I’ll guide you through today’s market with clarity and confidence.
Text or call me at 847-967-0022 to get started.
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Helen Oliveri 🏡
Designated Managing Broker Owner
Helen Oliveri Real Estate
