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Chicago Tribune
Chicago Tribune
Business
Lizzie Kane

Spring housing market ‘stalling’ as record low inventory plagues buyers

Ron Vlasic, 56, was one of 19 bidders on a $315,000, three-bedroom house in Des Plaines in February.

He started by offering $1,000 over the asking price. A few days later, after the property hosted a busy open house, he raised his cash offer to $18,000 over asking price.

For Vlasic, who had previously made three unsuccessful offers on other houses, the fourth time was the charm. The deal closed and his daughter, her partner and their two kids now occupy the Des Plaines home, which is 5 miles from where Vlasic lives.

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