IAR Past President Loretta Alonzo discusses the housing market on Chicago Tonight

IAR’s Loretta Alonzo provided insight on the state of the housing market in the Chicago area for WTTW’s Chicago Tonight on Wednesday.

Loretta Alonzo was president of the Illinois Association of REALTORS in 2012.

Alonzo, CRB, GRI, noted the sharp increases in sales and prices over the past year, and that agents are finding tight inventories which put them in multiple-offer situations.

Her appearance came on the eve of IAR’s housing report, which found home sales in the state increased 17 percent year over year, and median prices surged 13.6 percent.

“Chicago is doing very well,” Alonzo said. “We were one of the last ones that went down in the recession, so we were one of the last ones coming out of it. We were a little behind coming out when the bubble burst, but we are doing fine now.”

 

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About Jon Broadbooks

Jon Broadbooks is Vice President/Communications for Illinois REALTORS®. He serves as editor of online and print content for the association’s communications including the Illinois REALTOR® magazine and e-newsletters. He conducts spokesperson training seminars and oversees website development for the Association.

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