Matt Garrison, founder of the Matt Garrison Group and CondoShark.com, recently launched ShoreShark.com. ShoreShark reports price discounts, foreclosures and short sales in Chicago's North Shore commnities.
I'd heard recently from half a dozen agents that they were expecting a relatively imminent "wave" of foreclosures on the North Shore. In this segment of a video interview I asked Matt for his take on that and his judgment of the relative values among North Shore communities.
I don't think you are going to see a wave of foreclosures. There have already been some in the price range, but for the most part it looks like most homeowners on the North Shore and in the Western Suburbs are staying put. I have seen this similar phenominon in the Boston area and in Metro Detroit.
JohnRhysMusician 2 years ago