Chicago home prices fall in October (via Crains)
December 30, 2009 at 12:05 pm | Posted in Chicago News, Real Estate, Real Estate Jargon, Real Estate News | 1 CommentTags: Chicago, Real Estate
According to this recent Chicago Crain’s article…
“Local prices fell 1 percent in October compared with September, the first drop after five straight monthly increases, according to seasonally adjusted data from the Standard & Poor’s/Case-Shiller home price indices.”
“Home prices in the Chicago area were down 10.1 percent in October compared with October 2008.”
Come on first time buyers and qualified repeat buyers: take advantage of the tax credit! Many say, however, the housing market and the economy can’t rebound by themselves — we need companies to start hiring.
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