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Local Real Estate: The Safest Bets

Whether you're in the 'burbs or the city, chances are you're concerned about the value of your home - even if you don't intend to sell anytime soon.  And yes, the truth is that home values are hovering right around where they were about eight years ago.  Which is great if you're buying...not so great if you're selling something you bought just a few years ago.  But while times could be better pretty much across the board, there are definitely some neighborhoods that are faring better than others.  These are what Chicago Magazine's Dennis Rodkin calls "safe bets."  Every year, Dennis compiles the Annual Real Estate Chart to see how current sales compare to the previous year as well as 1994, when they began tracking the numbers. 

Take a look at the video below to see if you live in one of the six suburbs and city neighborhoods that Dennis considers a "safe bet."  If you're in one of these places, chances are, your home has retained plenty of value compared to other, not-so-lucky areas.

 

 

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