Global Trade, Tariffs, and the U.S. Housing Market with Nadia Evangelou

In this episode of The Chicagoland Guide, I’m joined by Nadia Evangelou, Senior Economist and Director of Real Estate Research at the National Association of Realtors® (NAR). We dive into how global trade, tariffs, and economic trends are shaping the U.S. housing market — and how it all impacts us here in Chicagoland.

We cover:
• How tariffs are affecting construction costs and housing affordability
• Why Illinois is especially impacted by shifts in global trade
• Mortgage rate forecasts for 2025
• Inventory challenges and opportunities for first-time buyers
• Remote work’s influence on office space and city centers
• Trends in foreign investment and real estate development
• Insights on Chicagoland’s condo market

Whether you’re a homebuyer, investor, or just want to better understand the economic forces behind real estate, this conversation is packed with useful insights.

🔗 Resources mentioned:
• Nadia Evangelou’s NAR profile and articles: https://www.nar.realtor/nadia-evangelou
• Blog article discussed in the episode: https://www.nar.realtor/blogs/economists-outlook/which-states-rely-most-on-exports-and-imports-a-closer-look-at-the-numbers-behind-trade
• Connect with Nadia on LinkedIn: https://www.linkedin.com/in/nadiaevangelou/
• Follow Nadia on Instagram: https://www.instagram.com/nadioula/

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