July brought a slowdown in U.S. home-price growth, hovering around 1% annually, and even dipping 0.5% month-over-month—a trend shaped by soft demand and uneven inventory. But real estate is all about the local story. Here in Chicago, we saw prices climb by 6.4%, while cities like Austin experienced a 2.9% drop. Even with a national stall, some markets—especially those with starter homes—are seeing gains. After 21 years navigating the ups and downs of both REO and traditional residential sales in Chicago, I know how important it is to dig into these local trends. These numbers highlight just how vital neighborhood expertise is when you’re making real estate decisions.
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