What's going on in the rural Chicago suburbs
I'm new to Illinois, specifically Joliet area. I am coming from Austin, TX where they are experiencing a tech boom with lots of growth consistently making Austin one of America's fastest growing cities. Coming here I am surprised to see a lot of growth here too. It appears to be a lot of farms that are being converted into new home developments. I see this happening a lot in New Lenox and Manhattan.
My question to the forum is what is driving this growth? Are people fleeing the Chicago area to the more rural suburbs? Is there a specific industry growing in this area or are they all city-commuters?
My follow-up question is what can I do in this real estate market? Are my options the same as most other markets, wholesaling, flipping, renting, etc. or should I look at this differently to get a piece of the new home market?
Most Popular Reply
Search some of the forums here about chicago and you can get more feedback from others
lets talk about the chicago economy
There are a few REIA in the southern suburbs you should check out. @Jeff Valentino runs a good group in Orland Park.
https://www.meetup.com/Orland-Park-Real-Estate-Inv...
The more local investors you talk to, the more it will benefit you. There are A LOT of submarkets here in Chicago land area.