Tribune: Fourteen Pockets of Housing Hope
As Chicago deals with a housing market struggling to get out of the doldrums, there are glimpses of hope in fourteen Chicagoland areas, the Tribune recently reported.
Real estate agents gave the newspaper a slew of possible reasons for the sales pickup: record-low mortgage rates, sellers are pricing their homes more competitively, a mild winter is attracting more buyers, and the possibility that people have finally saved up enough money to buy a home. A number of agents are cautiously optimistic, but believe the housing market has not bottomed out just yet.
Zip codes that realized housing gains included:
- Deerfield
- Highland Park
- Johnsburg (McHenry)
- Johnsburg (Lake)
- Mundelein
- Park Ridge
- Wood Dale
- Lockport
- Lisle
- Aurora
- Naperville
- Western Springs
- Chicago (Hyde Park)
- Chicago (Ravenswood)
The article has prompted an active discussion in the comment section over on CribChatter.
See other articles related to: suburbs chicago, suburbs, housing recovery, housing crisis in chicago, housing boom, homes for sale chicago, home sold prices chicago, home sales up illinois, home sales up chicago, home prices reduced chicagoland, home prices
This article originally published at http://chicago.urbanturf.com/articles/article/fourteen_pockets_of_housing_hope_in_chicago_area/5072
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