Why the housing market is booming in the Chicago area

Posted: Dec 4, 2020 / 05:42 PM CST / Updated: Dec 4, 2020 / 05:42 PM CST

CHICAGO, IL – OCTOBER 28: A real estate sign hangs on a fence in front of a home in the Wicker Park neighborhood on October 28, 2013 in Chicago, Illinois. For the fourth straight month the index of pending home sales has fallen, reaching the lowest level in more than three years. (Photo by Scott Olson/Getty Images)

Dennis Rodkin, residential real estate reporter for Crain’s, joins Anna to talk about the popping real estate market in Villa Park, the historically low interest rates that are turning renters into homeowners and the other hot real estate pockets in the city and suburbs.