Jim Schueller was quoted in a recent Chicago Cooperator article.
Prices will not consistently go up—or stay stable across the board, however. Some neighborhoods are showing far more growth than others.
“In the traditionally good neighborhoods, the market is unbelievably hot,” says Jim Schueller, president of Bloomfield Development Company, LLC, an award-winning homebuilding and remodeling firm with projects throughout the Chicago area. “In the neighborhoods that were struggling during the recession—they’re still catching up.”
The neighborhoods that are doing the best are Lincoln Park and Lakeview, Schueller says. In the North Shore, the housing market is doing incredibly well, but in the far Northwest suburbs, it’s still a little slow, he says.