In an attempt to support the current condo sales market nationally, the Federal Housing Administration has relaxed some of the regulations on condo sales nationally. This will affect the Chicago condo market in subtle ways. The main changes that will affect the area are:
If you’re a current condo owner or in the condo market and you’d like to discuss what these changes mean to you, contact us! We’d love to discuss it with you and talk about your buying or selling options.
Photo courtesy of Flickr user John Picken