My name is Steven Missirlian, broker/owner of Chicago Apartment Seekers here in Chicago. Our current market is one in which I have never seen before. Demand being very very high with supply very very low. Even with the current state of the economy, rental prices are skyrocketing due to the lack of availability. Prospective tenants are paying more then they ever have for apartments and they have no choice because many of them cannot buy due to the lack of mortgages being issued now by banks. People have to live somewhere. Hopefully these rates come back down to Earth or a "rent control" system maybe in our future.
Steven Missirlian
