Casual Conversations 2026: Chicagoland Real Estate Predictions, Mortgage Insights + Design Trends
As we head further into 2026, one thing is clear. The Chicagoland real estate market is active, nuanced, and starting earlier than many expected.
In our latest Casual Conversations webinar, we brought together three perspectives to give buyers and sellers a clear, practical look at what to expect this year:
Market data and predictions
Mortgage rate movement and financing strategy
Design trends that impact home value
If you missed it, you can watch the full recording here:
🎥 https://youtu.be/6FmRyuN7mNA
Below is a recap of the key takeaways.
Chicagoland Real Estate: What We’re Seeing in 2026
Julie Busby, Founder of Busby Group at Compass, walked through live Chicagoland data including:
Current inventory levels
Average market time
Buyer demand trends
Multiple-offer activity already occurring in early 2026
We are seeing stronger demand paired with lower inventory across many neighborhoods. In several areas, buyers are already encountering multiple-offer situations typically associated with peak spring activity.
The spring market is starting earlier each year. Sellers who prepare now may benefit from motivated buyers before inventory increases later in the season. Buyers who get organized early are better positioned as competition builds.
The overall theme: preparation and strategy matter more than trying to perfectly time the market.
Mortgage Rates in 2026: Where They Are and What Could Happen
Mike Vlamis, VP of Mortgage Lending at A and N Mortgage Services, shared insight into:
Where mortgage rates currently stand
How Federal Reserve decisions influence mortgage rates
What could impact rate movement in 2026
Different mortgage products buyers should consider
While many buyers have been waiting for dramatic rate drops, expectations are adjusting. Rates have come down some, but pandemic-era lows are unlikely to return. More buyers are realizing that opportunity often lies in acting strategically rather than waiting indefinitely.
Understanding financing options, including different loan structures, can make a meaningful difference in competitiveness and long-term planning.
Design Trends That Increase Home Value
Marcie Blanco, Founder of Ma’am Design Collective, discussed:
Current design trends buyers are gravitating toward
Which updates are most important before listing
How thoughtful design can increase perceived value
Why working with a designer can improve both marketability and return
In today’s market, presentation matters. Buyers continue to prefer homes that feel move-in ready. Even modest updates, when done strategically, can influence speed of sale and final pricing.
For sellers preparing for 2026, design decisions should be intentional and data-informed.
What This Means for Buyers and Sellers
For sellers:
Early preparation can create leverage in a low-inventory environment
Strategic updates can increase value
Timing before peak spring competition may matter
For buyers:
Competition is already appearing
Preparation is key
Financing strategy matters as much as price
The common thread across all three perspectives was clarity. The market is not chaotic. It is active and local. Strategy, preparation, and expert guidance continue to make the difference.
Watch the Full Recording
If you would like the full breakdown, including neighborhood-specific commentary and detailed insights from our panel, you can watch the complete webinar here:
🎥 https://youtu.be/6FmRyuN7mNA
If you have a specific question about your neighborhood, your home’s value, preparing to sell, or financing options, please reach out. We are always happy to provide tailored data and guidance based on your goals.
2026 Chicagoland Real Estate FAQ
Is the Chicago real estate market competitive in 2026?
Yes. Many neighborhoods are experiencing strong buyer demand and multiple-offer situations, especially as the spring market begins earlier each year.
Are mortgage rates expected to drop significantly in 2026?
While rates have come down some, dramatic drops to pandemic-era lows are unlikely. Buyers should focus on strategy rather than waiting for a specific number.
What updates should sellers prioritize before listing?
Strategic, high-impact updates and strong presentation can improve both speed of sale and overall value.
Is now a good time to buy or sell in Chicagoland?
Market timing depends on individual goals. With preparation and the right strategy, opportunities exist on both sides of the market.
Reach out with specific questions about your real estate goals.